Mark Keith Holdsworth Buys 8,800 Shares of RF Industries, Ltd. (NASDAQ:RFIL) Stock

RF Industries, Ltd. (NASDAQ:RFIL) Director Mark Keith Holdsworth bought 8,800 shares of the stock in a transaction on Wednesday, October 2nd. The shares were bought at an average cost of $3.97 per share, with a total value of $34,936.00. Following the purchase, the director now owns 76,029 shares of the company’s stock, valued at $301,835.13. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mark Keith Holdsworth also recently made the following trade(s):

• On Friday, October 4th, Mark Keith Holdsworth bought 8,815 shares of RF Industries stock. The shares were bought at an average cost of $4.07 per share, with a total value of $35,877.05.
• On Monday, September 30th, Mark Keith Holdsworth bought 5,000 shares of RF Industries stock. The shares were bought at an average cost of $3.94 per share, with a total value of $19,700.00.
• On Friday, September 27th, Mark Keith Holdsworth bought 220 shares of RF Industries stock. The shares were bought at an average cost of $3.69 per share, with a total value of $811.80.

RF Industries Stock Performance

NASDAQ RFIL opened at $4.10 on Friday. The firm has a 50 day simple moving average of $3.75 and a 200-day simple moving average of $3.47. RF Industries, Ltd. has a one year low of $2.51 and a one year high of $4.65. The firm has a market cap of $43.03 million, a price-to-earnings ratio of -5.26 and a beta of 0.99.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP grew its holdings in RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 225,737 shares of the electronics maker’s stock after purchasing an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned 2.15% of RF Industries worth $788,000 at the end of the most recent reporting period. Institutional investors own 23.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RFIL. StockNews.com initiated coverage on shares of RF Industries in a research note on Tuesday, October 1st. They set a “hold” rating for the company. B. Riley raised their price objective on shares of RF Industries from $4.25 to $4.50 and gave the company a “buy” rating in a research note on Tuesday, September 17th.

About RF Industries

RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Italy, Mexico, and internationally. The company operates through two segments, RF Connector and Cable Assembly, and Custom Cabling Manufacturing and Assembly.