Sei Investments Co. grew its stake in RF Industries, Ltd. (NASDAQ:RFIL – Free Report) by 257.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 84,030 shares of the electronics maker’s stock after buying an additional 60,503 shares during the quarter. Sei Investments Co. owned 0.78% of RF Industries worth $866,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. purchased a new stake in shares of RF Industries during the first quarter worth approximately $56,000. PFG Investments LLC purchased a new position in RF Industries in the fourth quarter worth approximately $64,000. Trexquant Investment LP acquired a new position in RF Industries during the 4th quarter worth approximately $128,000. Essex Investment Management Co. LLC acquired a new position in RF Industries during the 4th quarter worth approximately $142,000. Finally, Centiva Capital LP purchased a new stake in shares of RF Industries in the 3rd quarter valued at approximately $144,000. 23.49% of the stock is owned by institutional investors and hedge funds.
RF Industries Stock Up 0.8%
Shares of RF Industries stock opened at $13.25 on Friday. The firm has a market capitalization of $143.76 million, a P/E ratio of 94.65 and a beta of 1.29. RF Industries, Ltd. has a 52 week low of $5.54 and a 52 week high of $22.30. The firm’s 50 day moving average is $15.84 and its two-hundred day moving average is $13.99.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. Weiss Ratings lowered shares of RF Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Lake Street Capital started coverage on shares of RF Industries in a research note on Thursday. They set a “buy” rating and a $19.00 target price for the company. B. Riley Financial increased their target price on RF Industries from $11.25 to $18.00 and gave the company a “neutral” rating in a report on Tuesday, June 16th. Wall Street Zen cut RF Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, Zacks Research raised RF Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.50.
Check Out Our Latest Stock Analysis 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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