James Benham Buys 4,500 Shares of Richardson Electronics, Ltd. (NASDAQ:RELL) Stock

Richardson Electronics, Ltd. (NASDAQ:RELL) Director James Benham purchased 4,500 shares of Richardson Electronics stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average cost of $13.29 per share, for a total transaction of $59,805.00. Following the transaction, the director now directly owns 13,706 shares of the company’s stock, valued at approximately $182,152.74. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Richardson Electronics Price Performance

NASDAQ:RELL opened at $13.56 on Friday. Richardson Electronics, Ltd. has a 12 month low of $8.08 and a 12 month high of $14.30. The firm has a market capitalization of $193.61 million, a PE ratio of 48.43, a price-to-earnings-growth ratio of 2.47 and a beta of 0.96. The business’s fifty day moving average price is $12.08 and its 200 day moving average price is $11.41.

Richardson Electronics (NASDAQ:RELL) last released its quarterly earnings data on Wednesday, October 9th. The technology company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $53.73 million for the quarter, compared to the consensus estimate of $49.45 million. Richardson Electronics had a negative return on equity of 0.24% and a negative net margin of 0.40%. During the same quarter in the prior year, the business posted $0.09 EPS. As a group, equities analysts anticipate that Richardson Electronics, Ltd. will post 0.35 EPS for the current year.

Richardson Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 8th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, November 8th. This represents a $0.24 annualized dividend and a yield of 1.77%. Richardson Electronics’s dividend payout ratio is currently 85.71%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Richardson Electronics from a “sell” rating to a “hold” rating in a research note on Friday, July 26th.

Hedge Funds Weigh In On Richardson Electronics

Several large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new stake in shares of Richardson Electronics in the 1st quarter valued at about $42,000. Perritt Capital Management Inc. acquired a new position in shares of Richardson Electronics in the 1st quarter valued at $46,000. BNP Paribas Financial Markets raised its position in Richardson Electronics by 98.1% in the 1st quarter. BNP Paribas Financial Markets now owns 6,730 shares of the technology company’s stock valued at $62,000 after purchasing an additional 3,333 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Richardson Electronics by 32.1% during the 2nd quarter. Victory Capital Management Inc. now owns 11,636 shares of the technology company’s stock worth $138,000 after purchasing an additional 2,830 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in Richardson Electronics during the 1st quarter worth $109,000. Institutional investors and hedge funds own 71.95% of the company’s stock.

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.