Richardson Electronics, Ltd. (NASDAQ:RELL) Director Purchases $25,125.00 in Stock

Richardson Electronics, Ltd. (NASDAQ:RELL) Director Kenneth Halverson acquired 2,500 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was acquired at an average cost of $10.05 per share, with a total value of $25,125.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $50,250. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Kenneth Halverson also recently made the following trade(s):

• On Monday, January 29th, Kenneth Halverson acquired 2,500 shares of Richardson Electronics stock. The stock was acquired at an average cost of $10.06 per share, with a total value of $25,150.00.

Richardson Electronics Stock Performance

Shares of RELL opened at $10.08 on Thursday. Richardson Electronics, Ltd. has a 1 year low of $8.08 and a 1 year high of $19.58. The company has a market cap of $143.94 million, a price-to-earnings ratio of 36.00, a price-to-earnings-growth ratio of 7.64 and a beta of 1.01. The firm has a fifty day moving average of $9.10 and a 200-day moving average of $10.69.

Richardson Electronics (NASDAQ:RELL) last announced its quarterly earnings results on Thursday, April 11th. The technology company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. Richardson Electronics had a net margin of 1.97% and a return on equity of 1.09%. The company had revenue of $52.38 million during the quarter, compared to the consensus estimate of $56.00 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. Analysts predict that Richardson Electronics, Ltd. will post 0.09 EPS for the current year.

Richardson Electronics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, May 9th. Richardson Electronics’s dividend payout ratio (DPR) is 85.71%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Richardson Electronics from a “hold” rating to a “sell” rating in a report on Thursday, January 11th.

Institutional Investors Weigh In On Richardson Electronics

Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its holdings in Richardson Electronics by 106.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,240 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,157 shares during the period. Quantbot Technologies LP acquired a new stake in Richardson Electronics in the third quarter worth about $29,000. Morgan Dempsey Capital Management LLC lifted its holdings in Richardson Electronics by 34.9% in the third quarter. Morgan Dempsey Capital Management LLC now owns 9,759 shares of the technology company’s stock worth $107,000 after purchasing an additional 2,523 shares during the period. Aigen Investment Management LP acquired a new stake in Richardson Electronics in the third quarter worth about $169,000. Finally, Kovack Advisors Inc. lifted its holdings in Richardson Electronics by 70.8% in the fourth quarter. Kovack Advisors Inc. now owns 27,500 shares of the technology company’s stock worth $367,000 after purchasing an additional 11,400 shares during the period. Institutional investors and hedge funds own 71.95% of the company’s stock.

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.