Punch & Associates Investment Management Inc. reduced its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL – Free Report) by 6.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 822,800 shares of the electronics maker’s stock after selling 54,350 shares during the period. Punch & Associates Investment Management Inc. owned about 0.08% of RF Industries worth $8,483,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in RF Industries by 5.5% in the 3rd quarter. Vanguard Group Inc. now owns 391,659 shares of the electronics maker’s stock valued at $3,223,000 after acquiring an additional 20,536 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in RF Industries by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 241,657 shares of the electronics maker’s stock worth $1,397,000 after purchasing an additional 13,349 shares during the period. O Shaughnessy Asset Management LLC increased its stake in RF Industries by 58.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 212,439 shares of the electronics maker’s stock worth $1,228,000 after purchasing an additional 78,144 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of RF Industries during the third quarter worth $1,651,000. Finally, Ritholtz Wealth Management lifted its position in shares of RF Industries by 68.0% during the fourth quarter. Ritholtz Wealth Management now owns 153,888 shares of the electronics maker’s stock worth $889,000 after purchasing an additional 62,279 shares during the last quarter. Hedge funds and other institutional investors own 23.49% of the company’s stock.
RF Industries Stock Down 4.3%
RFIL opened at $12.46 on Friday. The stock’s fifty day moving average is $17.40 and its two-hundred day moving average is $13.53. The company has a market capitalization of $135.20 million, a P/E ratio of 89.01 and a beta of 1.27. RF Industries, Ltd. has a 52 week low of $5.54 and a 52 week high of $22.30.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. B. Riley Financial upped their price target on shares of RF Industries from $11.25 to $18.00 and gave the stock a “neutral” rating in a report on Tuesday, June 16th. Zacks Research upgraded shares of RF Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Wall Street Zen lowered shares of RF Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings raised shares of RF Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, RF Industries currently has an average rating of “Moderate Buy” and a consensus price target of $18.00.
Get Our Latest Stock Report on RF Industries
RF Industries Company Profile
RF Industries, Inc (NASDAQ: RFIL) is a manufacturer and supplier of connectivity products and solutions for the wireless, broadcast, cable television, data networking, defense and aerospace markets. The company specializes in both standard and custom coaxial and fiber-optic cable assemblies, connectors, adapters and test accessories designed to withstand demanding environmental conditions. Through its product portfolio, RF Industries supports applications ranging from RF signal transmission and satellite communications to industrial automation and instrumentation.
The company’s offerings include premade and build-to-print coaxial cables and assemblies, field-installable connectors, power distribution components and calibration-grade test equipment.
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