Insider Selling: Richardson Electronics, Ltd. (NASDAQ:RELL) CFO Sells 2,500 Shares of Stock

Richardson Electronics, Ltd. (NASDAQ:RELL) CFO Robert J. Ben sold 2,500 shares of Richardson Electronics stock in a transaction that occurred on Tuesday, February 4th. The shares were 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 represents a 4.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Richardson Electronics Stock Down 0.4 %

NASDAQ:RELL opened at $13.10 on Friday. The firm has a market capitalization of $188.77 million, a price-to-earnings ratio of 436.81, a price-to-earnings-growth ratio of 1.92 and a beta of 0.93. Richardson Electronics, Ltd. has a twelve month low of $8.08 and a twelve month high of $15.51. The stock’s 50 day moving average price is $13.78 and its two-hundred day moving average price is $13.01.

Richardson Electronics (NASDAQ:RELL) last posted its earnings results on Tuesday, January 7th. The technology company reported ($0.05) earnings per share 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, analysts anticipate that Richardson Electronics, Ltd. will post 0.28 earnings per share for the current year.

Richardson Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 7th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, February 7th. Richardson Electronics’s payout ratio is presently 800.27%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in shares of Richardson Electronics during the 4th quarter worth approximately $300,000. Kovack Advisors Inc. boosted its stake in Richardson Electronics by 24.1% in the 4th 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. Rhumbline Advisers boosted its stake in Richardson Electronics by 79.0% in the 4th 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 during the period. Azarias Capital Management L.P. boosted its stake in Richardson Electronics by 3.9% in the 4th quarter. Azarias Capital Management L.P. now owns 446,496 shares of the technology company’s stock valued at $6,264,000 after purchasing an additional 16,843 shares during the period. Finally, Ritholtz Wealth Management bought a new stake in Richardson Electronics in the 4th quarter valued at $172,000. 71.95% of the stock is owned by institutional investors and hedge funds.

About Richardson Electronics

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.