RF Industries, Ltd. (NASDAQ:RFIL) Director Acquires $70,800.00 in Stock

RF Industries, Ltd. (NASDAQ:RFIL) Director Mark Keith Holdsworth acquired 15,000 shares of the company’s stock in a transaction on Thursday, March 27th. The stock was acquired at an average cost of $4.72 per share, for a total transaction of $70,800.00. Following the completion of the acquisition, the director now owns 106,953 shares of the company’s stock, valued at $504,818.16. This trade represents a 16.31 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

RF Industries Stock Performance

Shares of RFIL traded up $0.15 during mid-day trading on Monday, hitting $4.69. 27,518 shares of the company were exchanged, compared to its average volume of 21,405. The stock has a market cap of $50.04 million, a price-to-earnings ratio of -7.44 and a beta of 1.09. RF Industries, Ltd. has a 1-year low of $2.86 and a 1-year high of $5.77. The company has a 50 day moving average of $4.70 and a 200-day moving average of $4.25.

RF Industries (NASDAQ:RFIL) last announced its earnings results on Thursday, January 16th. The electronics maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). RF Industries had a negative net margin of 10.18% and a negative return on equity of 3.06%. Research analysts anticipate that RF Industries, Ltd. will post 0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Wealthedge Investment Advisors LLC purchased a new position in shares of RF Industries in the fourth quarter worth about $84,000. Geode Capital Management LLC raised its holdings in RF Industries by 13.3% in the 3rd quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker’s stock valued at $342,000 after acquiring an additional 9,863 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in RF Industries by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker’s stock valued at $906,000 after acquiring an additional 2,062 shares during the last quarter. 23.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of RF Industries in a research note on Wednesday, March 26th. They issued a “hold” rating on the stock.

RF Industries Company Profile

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.