Walleye Capital LLC Acquires Shares of 70,941 RF Industries, Ltd. $RFIL

Walleye Capital LLC acquired a new position in shares of RF Industries, Ltd. (NASDAQ:RFILFree Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 70,941 shares of the electronics maker’s stock, valued at approximately $731,000. Walleye Capital LLC owned 0.66% of RF Industries at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of RFIL. Ritholtz Wealth Management lifted its holdings 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 period. Punch & Associates Investment Management Inc. grew its position in RF Industries by 9.2% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 877,150 shares of the electronics maker’s stock valued at $5,070,000 after buying an additional 74,091 shares during the last quarter. Bailard Inc. increased its stake in RF Industries by 133.0% in the 4th quarter. Bailard Inc. now owns 36,625 shares of the electronics maker’s stock valued at $212,000 after buying an additional 20,908 shares during the period. Goldman Sachs Group Inc. acquired a new position in RF Industries in the 1st quarter valued at $56,000. Finally, PFG Investments LLC purchased a new position in RF Industries during the 4th quarter worth $64,000. 23.49% of the stock is currently owned by hedge funds and other institutional investors.

RF Industries Price Performance

Shares of RFIL stock opened at $12.46 on Friday. The business’s fifty day moving average price is $17.40 and its 200 day moving average price is $13.53. The firm has a market capitalization of $135.19 million, a PE ratio of 89.01 and a beta of 1.27. RF Industries, Ltd. has a 1-year low of $5.54 and a 1-year high of $22.30.

RF Industries (NASDAQ:RFILGet Free Report) last released its earnings results on Monday, June 15th. The electronics maker reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $20.69 million during the quarter, compared to the consensus estimate of $19.67 million. RF Industries had a return on equity of 12.79% and a net margin of 1.70%. Equities research analysts expect that RF Industries, Ltd. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on RFIL. Weiss Ratings upgraded shares of RF Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Wall Street Zen lowered shares of RF Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Zacks Research raised shares of RF Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, B. Riley Financial raised their price objective on shares of RF Industries from $11.25 to $18.00 and gave the company a “neutral” rating in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

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About RF Industries

(Free Report)

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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Institutional Ownership by Quarter for RF Industries (NASDAQ:RFIL)

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