Richardson Electronics, Ltd. (NASDAQ:RELL) Stock Position Trimmed by Mendel Money Management

Mendel Money Management decreased its position in Richardson Electronics, Ltd. (NASDAQ:RELL) by 20.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,700 shares of the technology company’s stock after selling 3,800 shares during the period. Mendel Money Management’s holdings in Richardson Electronics were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in RELL. American Century Companies Inc. grew its holdings in Richardson Electronics by 7.3% in the 4th quarter. American Century Companies Inc. now owns 24,312 shares of the technology company’s stock worth $341,000 after buying an additional 1,651 shares in the last quarter. Royce & Associates LP boosted its position in Richardson Electronics by 10.6% during the 4th quarter. Royce & Associates LP now owns 1,248,276 shares of the technology company’s stock worth $17,513,000 after acquiring an additional 119,685 shares during the period. Raymond James Financial Inc. bought a new position in shares of Richardson Electronics in the fourth quarter worth $300,000. Kovack Advisors Inc. increased its holdings in shares of Richardson Electronics by 24.1% during the fourth quarter. Kovack Advisors Inc. now owns 44,300 shares of the technology company’s stock valued at $622,000 after purchasing an additional 8,600 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Richardson Electronics by 79.0% during the fourth quarter. Rhumbline Advisers now owns 34,396 shares of the technology company’s stock valued at $483,000 after purchasing an additional 15,181 shares in the last quarter. Institutional investors and hedge funds own 71.95% of the company’s stock.

Insider Buying and Selling at Richardson Electronics

In other Richardson Electronics news, CFO Robert J. Ben sold 2,500 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $13.28, for a total transaction of $33,200.00. Following the sale, the chief financial officer now directly owns 54,534 shares of the company’s stock, valued at $724,211.52. The trade was a 4.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 32.84% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on RELL. Northland Securities reiterated a “market perform” rating on shares of Richardson Electronics in a research report on Monday, January 13th. Northland Capmk cut Richardson Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th.

Richardson Electronics Price Performance

Shares of RELL opened at $12.09 on Wednesday. The firm’s 50 day moving average is $13.02 and its 200-day moving average is $13.32. Richardson Electronics, Ltd. has a 12-month low of $8.84 and a 12-month high of $15.51. The stock has a market capitalization of $174.20 million, a P/E ratio of 403.13, a P/E/G ratio of 1.98 and a beta of 0.88.

Richardson Electronics (NASDAQ:RELL) last announced its quarterly earnings data on Tuesday, January 7th. The technology company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Richardson Electronics had a net margin of 0.13% and a return on equity of 0.42%. As a group, equities research analysts forecast that Richardson Electronics, Ltd. will post 0.27 EPS for the current fiscal year.

Richardson Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 7th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, February 7th. This represents a $0.24 annualized dividend and a yield of 1.99%. Richardson Electronics’s payout ratio is presently 800.00%.

Richardson Electronics Profile

Richardson Electronics, Ltd. engages in the provision of engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and radio frequency (RF), microwave and power components used in semiconductor manufacturing equipment, RF, and wireless and industrial power applications, as well as various applications including broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology.