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

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

RF Industries Price Performance

RF Industries stock opened at $4.70 on Thursday. The stock has a market cap of $50.15 million, a price-to-earnings ratio of -7.46 and a beta of 1.09. The firm has a 50-day moving average of $4.74 and a two-hundred day moving average of $4.26. RF Industries, Ltd. has a 1 year low of $2.86 and a 1 year high of $5.77.

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

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on RF Industries in a report on Thursday. They set a “hold” rating for the company.

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.