Aristides Capital LLC Grows Stock Holdings in Richardson Electronics, Ltd. (NASDAQ:RELL)

Aristides Capital LLC grew its stake in shares of Richardson Electronics, Ltd. (NASDAQ:RELL) by 12.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 47,528 shares of the technology company’s stock after acquiring an additional 5,218 shares during the period. Aristides Capital LLC’s holdings in Richardson Electronics were worth $667,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Wells Fargo & Company MN raised its position in Richardson Electronics by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 7,213 shares of the technology company’s stock valued at $101,000 after purchasing an additional 1,572 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Richardson Electronics in the third quarter valued at about $134,000. Insight Wealth Strategies LLC purchased a new stake in Richardson Electronics in the fourth quarter worth about $140,000. Ritholtz Wealth Management bought a new position in Richardson Electronics during the 4th quarter worth about $172,000. Finally, Jane Street Group LLC increased its position in Richardson Electronics by 8.2% during the 3rd quarter. Jane Street Group LLC now owns 15,545 shares of the technology company’s stock valued at $192,000 after purchasing an additional 1,182 shares during the period. Hedge funds and other institutional investors own 71.95% of the company’s stock.

Insider Transactions at Richardson Electronics

In other Richardson Electronics news, CFO Robert J. Ben sold 2,500 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $13.28, for a total value of $33,200.00. Following the completion of the sale, the chief financial officer now directly owns 54,534 shares in the company, valued at approximately $724,211.52. This trade represents a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 32.84% of the company’s stock.

Richardson Electronics Price Performance

RELL opened at $9.73 on Friday. The firm has a market capitalization of $140.20 million, a PE ratio of 324.44, a price-to-earnings-growth ratio of 1.98 and a beta of 0.89. The business’s 50-day moving average is $12.61 and its two-hundred day moving average is $13.26. Richardson Electronics, Ltd. has a 1 year low of $9.01 and a 1 year high of $15.51.

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

Richardson Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 7th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.24 annualized dividend and a dividend yield of 2.47%. Richardson Electronics’s dividend payout ratio is presently 800.00%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RELL. Northland Capmk cut shares of Richardson Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th. Northland Securities restated a “market perform” rating on shares of Richardson Electronics in a report on Monday, January 13th.

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.