Brooklyn Investment Group Has $208,000 Holdings in Relx Plc $RELX

Brooklyn Investment Group boosted its position in Relx Plc (NYSE:RELX) by 632.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,124 shares of the technology company’s stock after buying an additional 3,561 shares during the quarter. Brooklyn Investment Group’s holdings in Relx were worth $208,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC grew its stake in Relx by 612.5% in the 1st quarter. Larson Financial Group LLC now owns 513 shares of the technology company’s stock valued at $26,000 after buying an additional 441 shares during the last quarter. Golden State Wealth Management LLC grew its stake in Relx by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company’s stock valued at $30,000 after buying an additional 294 shares during the last quarter. Cornerstone Planning Group LLC grew its stake in Relx by 325.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company’s stock valued at $37,000 after buying an additional 530 shares during the last quarter. Transce3nd LLC acquired a new position in Relx in the 4th quarter valued at $40,000. Finally, Redwood Investments LLC acquired a new position in Relx in the 4th quarter valued at $120,000. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Stock Performance

NYSE RELX opened at $48.7090 on Thursday. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42. The firm has a market capitalization of $89.35 billion, a price-to-earnings ratio of 26.19, a P/E/G ratio of 3.12 and a beta of 0.88. The company’s fifty day moving average is $51.88 and its two-hundred day moving average is $51.51. Relx Plc has a 52-week low of $44.19 and a 52-week high of $56.33.

Relx Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th will be given a $0.2634 dividend. This represents a yield of 170.0%. The ex-dividend date is Friday, August 8th. Relx’s dividend payout ratio (DPR) is currently 28.49%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Relx from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Relx Company Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.