Relx Plc (NYSE:RELX) Shares Sold by Nilsine Partners LLC

Nilsine Partners LLC lessened its stake in shares of Relx Plc (NYSE:RELX) by 8.2% during the first quarter, HoldingsChannel reports. The firm owned 8,348 shares of the technology company’s stock after selling 741 shares during the period. Nilsine Partners LLC’s holdings in Relx were worth $361,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lindbrook Capital LLC increased its position in shares of Relx by 9.4% during the fourth quarter. Lindbrook Capital LLC now owns 3,194 shares of the technology company’s stock worth $127,000 after acquiring an additional 274 shares during the last quarter. Addison Advisors LLC increased its position in shares of Relx by 6.7% during the fourth quarter. Addison Advisors LLC now owns 4,438 shares of the technology company’s stock worth $176,000 after acquiring an additional 277 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its position in shares of Relx by 2.0% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 14,697 shares of the technology company’s stock worth $583,000 after acquiring an additional 287 shares during the last quarter. Gradient Investments LLC increased its position in shares of Relx by 2.3% during the third quarter. Gradient Investments LLC now owns 14,327 shares of the technology company’s stock worth $483,000 after acquiring an additional 316 shares during the last quarter. Finally, Wealth Alliance increased its position in shares of Relx by 3.8% during the third quarter. Wealth Alliance now owns 8,777 shares of the technology company’s stock worth $296,000 after acquiring an additional 319 shares during the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Stock Down 0.9 %

Relx stock traded down $0.36 during midday trading on Tuesday, hitting $41.19. The stock had a trading volume of 866,925 shares, compared to its average volume of 1,109,694. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.51. The stock has a market cap of $77.42 billion, a P/E ratio of 24.66, a P/E/G ratio of 2.70 and a beta of 0.83. Relx Plc has a 12 month low of $30.10 and a 12 month high of $44.75. The business has a fifty day moving average price of $42.78 and a 200 day moving average price of $40.23.

Relx Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, June 18th. Investors of record on Friday, May 3rd will be issued a $0.526 dividend. This is a positive change from Relx’s previous Semi-Annual dividend of $0.22. This represents a yield of 1.7%. The ex-dividend date is Thursday, May 2nd. Relx’s payout ratio is currently 12.57%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RELX. StockNews.com lowered Relx from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Berenberg Bank lowered Relx from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

About Relx

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.