Tower Research Capital LLC TRC Has $30,000 Holdings in Richardson Electronics, Ltd. (NASDAQ:RELL)

Tower Research Capital LLC TRC grew its holdings in shares of Richardson Electronics, Ltd. (NASDAQ:RELL) by 106.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,240 shares of the technology company’s stock after acquiring an additional 1,157 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Richardson Electronics were worth $30,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Penn Mutual Asset Management LLC raised its stake in Richardson Electronics by 17.4% during the third quarter. Penn Mutual Asset Management LLC now owns 274,126 shares of the technology company’s stock worth $2,996,000 after acquiring an additional 40,651 shares in the last quarter. Aigen Investment Management LP bought a new position in Richardson Electronics in the 3rd quarter valued at approximately $169,000. Kovack Advisors Inc. raised its holdings in Richardson Electronics by 70.8% in the 4th quarter. Kovack Advisors Inc. now owns 27,500 shares of the technology company’s stock valued at $367,000 after buying an additional 11,400 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Richardson Electronics during the 3rd quarter worth approximately $1,433,000. Finally, Ballast Asset Management LP acquired a new position in Richardson Electronics in the 3rd quarter valued at approximately $915,000. Institutional investors and hedge funds own 71.95% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on RELL shares. StockNews.com cut shares of Richardson Electronics from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Northland Securities initiated coverage on Richardson Electronics in a research note on Monday, April 29th. They issued an “outperform” rating and a $13.00 price target for the company.

Richardson Electronics Stock Performance

Shares of RELL stock traded up $0.10 on Friday, hitting $10.76. The company had a trading volume of 47,095 shares, compared to its average volume of 169,614. The firm has a market cap of $153.65 million, a P/E ratio of 38.43, a P/E/G ratio of 15.79 and a beta of 0.99. The stock’s 50-day moving average is $9.31 and its two-hundred day moving average is $10.67. Richardson Electronics, Ltd. has a twelve month low of $8.08 and a twelve month high of $19.58.

Richardson Electronics (NASDAQ:RELL) last issued its quarterly earnings results on Thursday, April 11th. The technology company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $52.38 million during the quarter, compared to analysts’ expectations of $56.00 million. Richardson Electronics had a return on equity of 1.09% and a net margin of 1.97%. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Equities research analysts predict that Richardson Electronics, Ltd. will post 0.05 EPS for the current year.

Richardson Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Friday, May 10th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.24 annualized dividend and a dividend yield of 2.23%. Richardson Electronics’s payout ratio is 85.71%.

Insider Buying and Selling

In other Richardson Electronics news, Director Kenneth Halverson bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was acquired at an average price of $10.05 per share, with a total value of $25,125.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $50,250. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Richardson Electronics news, Director Paul J. Plante bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The stock was acquired at an average price of $9.96 per share, with a total value of $49,800.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $49,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth Halverson bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were acquired at an average cost of $10.05 per share, with a total value of $25,125.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $50,250. The disclosure for this purchase can be found here. 32.50% of the stock is currently owned by insiders.

About Richardson Electronics

Richardson Electronics, Ltd. provides engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and RF, Microwave and power components for semiconductors; and 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.