Aristides Capital LLC Acquires 5,218 Shares of Richardson Electronics, Ltd. (NASDAQ:RELL)

Aristides Capital LLC boosted its holdings in shares of Richardson Electronics, Ltd. (NASDAQ:RELL) by 12.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,528 shares of the technology company’s stock after purchasing an additional 5,218 shares during the quarter. Aristides Capital LLC owned about 0.33% of Richardson Electronics worth $667,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in Richardson Electronics by 300.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 152,082 shares of the technology company’s stock valued at $1,877,000 after buying an additional 114,065 shares in the last quarter. Barclays PLC boosted its position in shares of Richardson Electronics by 151.0% during the third quarter. Barclays PLC now owns 19,639 shares of the technology company’s stock worth $242,000 after acquiring an additional 11,815 shares during the last quarter. Rhumbline Advisers grew its stake in Richardson Electronics by 79.0% during the fourth quarter. Rhumbline Advisers now owns 34,396 shares of the technology company’s stock valued at $483,000 after acquiring an additional 15,181 shares in the last quarter. Geode Capital Management LLC increased its holdings in Richardson Electronics by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 290,605 shares of the technology company’s stock valued at $3,586,000 after acquiring an additional 14,727 shares during the last quarter. Finally, State Street Corp lifted its stake in Richardson Electronics by 0.4% in the 3rd quarter. State Street Corp now owns 225,563 shares of the technology company’s stock worth $2,783,000 after purchasing an additional 914 shares in the last quarter. 71.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RELL shares. Northland Capmk cut Richardson Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. Northland Securities reaffirmed a “market perform” rating on shares of Richardson Electronics in a research note on Monday, January 13th.

Richardson Electronics Stock Down 4.0 %

RELL stock opened at $9.73 on Friday. Richardson Electronics, Ltd. has a 52 week low of $9.01 and a 52 week high of $15.51. The firm has a market capitalization of $140.20 million, a P/E ratio of 324.44, a price-to-earnings-growth ratio of 1.98 and a beta of 0.89. The company has a fifty day simple moving average of $12.61 and a two-hundred day simple moving average of $13.26.

Richardson Electronics (NASDAQ:RELL) last announced its quarterly earnings results on Tuesday, January 7th. The technology company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Richardson Electronics had a net margin of 0.13% and a return on equity of 0.42%. As a group, analysts anticipate that Richardson Electronics, Ltd. will post 0.27 EPS for the current year.

Richardson Electronics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 7th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Friday, February 7th. Richardson Electronics’s dividend payout ratio is currently 800.00%.

Insider Activity at Richardson Electronics

In other Richardson Electronics news, CFO Robert J. Ben sold 2,500 shares of Richardson Electronics stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $13.28, for a total transaction of $33,200.00. Following the completion of the transaction, the chief financial officer now directly owns 54,534 shares of the company’s stock, valued at $724,211.52. The trade was a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 32.84% of the stock is currently owned by insiders.

Richardson Electronics Company Profile

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.