Insider Buying: RF Industries, Ltd. (NASDAQ:RFIL) Director Purchases $70,800.00 in Stock

RF Industries, Ltd. (NASDAQ:RFIL) Director Mark Keith Holdsworth acquired 15,000 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was acquired at an average cost of $4.72 per share, with a total value of $70,800.00. Following the purchase, the director now owns 106,953 shares of the company’s stock, valued at approximately $504,818.16. This trade represents a 16.31 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

RF Industries Stock Down 0.8 %

Shares of RFIL stock opened at $4.70 on Thursday. The company’s fifty day simple moving average is $4.74 and its two-hundred day simple moving average is $4.26. RF Industries, Ltd. has a 52 week low of $2.86 and a 52 week high of $5.77. The stock has a market cap of $50.15 million, a P/E ratio of -7.46 and a beta of 1.09.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings results on Thursday, January 16th. The electronics maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). RF Industries had a negative net margin of 10.18% and a negative return on equity of 3.06%. On average, analysts anticipate that RF Industries, Ltd. will post 0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On RF Industries

Hedge funds have recently bought and sold shares of the business. Wealthedge Investment Advisors LLC bought a new stake in shares of RF Industries in the 4th quarter worth about $84,000. Geode Capital Management LLC grew its position in RF Industries by 13.3% in the third quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker’s stock worth $342,000 after acquiring an additional 9,863 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in RF Industries by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker’s stock worth $906,000 after acquiring an additional 2,062 shares during the last quarter. Hedge funds and other institutional investors own 23.49% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of RF Industries in a report on Thursday. They set a “hold” rating for the company.

About RF Industries

RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Italy, Mexico, and internationally. The company operates through two segments, RF Connector and Cable Assembly, and Custom Cabling Manufacturing and Assembly.