138,618 Shares in Relx Plc (NYSE:RELX) Bought by ABC Arbitrage SA

ABC Arbitrage SA purchased a new stake in shares of Relx Plc (NYSE:RELX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 138,618 shares of the technology company's stock, valued at approximately $6,296,000. Relx accounts for approximately 0.9% of ABC Arbitrage SA's portfolio, making the stock its 24th biggest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of RELX. CENTRAL TRUST Co grew its stake in shares of Relx by 1,290.2% in the 4th quarter. CENTRAL TRUST Co now owns 570 shares of the technology company's stock worth $26,000 after purchasing an additional 529 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of Relx in the 4th quarter valued at approximately $31,000. Private Trust Co. NA lifted its holdings in shares of Relx by 119.9% in the third quarter. Private Trust Co. NA now owns 1,038 shares of the technology company's stock valued at $49,000 after purchasing an additional 566 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Relx in the third quarter worth approximately $125,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in Relx by 33.9% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,952 shares of the technology company's stock worth $188,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 15.02% of the company's stock.

Relx Stock Down 0.8 %

NYSE:RELX traded down $0.39 during mid-day trading on Wednesday, hitting $50.50. 780,723 shares of the company's stock traded hands, compared to its average volume of 577,260. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47. The firm has a 50 day moving average of $47.97 and a two-hundred day moving average of $47.22. Relx Plc has a 12 month low of $40.25 and a 12 month high of $51.99.

Relx Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be given a dividend of $0.5586 per share. The ex-dividend date is Friday, May 9th. This represents a yield of 1.6%. This is a positive change from Relx's previous semi-annual dividend of $0.23.

Analyst Ratings Changes

A number of brokerages have commented on RELX. Redburn Atlantic started coverage on Relx in a research note on Wednesday, January 8th. They issued a "buy" rating on the stock. StockNews.com raised Relx from a "hold" rating to a "buy" rating in a research note on Friday, February 14th.

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.