Insider Selling: Richardson Electronics (NASDAQ:RELL) EVP Sells 17,000 Shares of Stock

Richardson Electronics, Ltd. (NASDAQ:RELL) EVP Jens Frank Ruppert sold 17,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $12.09, for a total value of $205,530.00. Following the completion of the sale, the executive vice president directly owned 39,500 shares of the company’s stock, valued at approximately $477,555. The trade was a 30.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Richardson Electronics Stock Performance

Shares of NASDAQ RELL traded up $0.01 during mid-day trading on Thursday, reaching $11.71. 102,418 shares of the company traded hands, compared to its average volume of 116,821. The company’s fifty day moving average is $10.77 and its two-hundred day moving average is $10.39. Richardson Electronics, Ltd. has a fifty-two week low of $7.57 and a fifty-two week high of $13.60. The stock has a market cap of $169.96 million, a PE ratio of 234.15, a price-to-earnings-growth ratio of 1.92 and a beta of 1.01.

Richardson Electronics (NASDAQ:RELL) last posted its quarterly earnings data on Wednesday, January 7th. The technology company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). Richardson Electronics had a return on equity of 3.30% and a net margin of 0.38%.The business had revenue of $52.29 million for the quarter, compared to analyst estimates of $49.90 million. During the same period in the previous year, the company posted ($0.05) earnings per share. Research analysts forecast that Richardson Electronics, Ltd. will post 0.27 earnings per share for the current year.

Richardson Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Friday, February 6th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.1%. Richardson Electronics’s dividend payout ratio (DPR) is presently 480.00%.

Wall Street Analyst Weigh In

RELL has been the subject of a number of analyst reports. Northland Securities set a $11.00 target price on Richardson Electronics in a report on Thursday, January 22nd. Weiss Ratings lowered Richardson Electronics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, January 9th. Finally, Zacks Research downgraded shares of Richardson Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $11.00.

Hedge Funds Weigh In On Richardson Electronics

Several large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its holdings in shares of Richardson Electronics by 298.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,160 shares of the technology company’s stock worth $40,000 after buying an additional 3,117 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Richardson Electronics in the second quarter worth about $57,000. Founders Capital Management boosted its stake in shares of Richardson Electronics by 22.6% in the 2nd quarter. Founders Capital Management now owns 6,500 shares of the technology company’s stock valued at $63,000 after purchasing an additional 1,200 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Richardson Electronics during the 2nd quarter valued at approximately $103,000. Finally, GSA Capital Partners LLP acquired a new position in Richardson Electronics during the 3rd quarter worth approximately $104,000. 71.95% of the stock is owned by institutional investors.

Richardson Electronics Company Profile

Richardson Electronics, Ltd. (NASDAQ:RELL) is a global manufacturer, distributor and servicer of engineered components and subsystems for a diverse range of industrial, medical and scientific applications. The company specializes in vacuum electron devices, high-voltage power supplies and related electronic components, offering klystrons, traveling wave tubes, magnetrons, X-ray tubes, microwave amplifiers and power conversion products. Its solutions support customers in power grid management, semiconductor processing, medical imaging, scientific instrumentation and telecommunications.

In addition to its manufacturing capabilities, Richardson Electronics maintains a broad distribution network comprising thousands of standard and custom parts.