Robert J. Ben Sells 2,500 Shares of Richardson Electronics, Ltd. (NASDAQ:RELL) Stock

Richardson Electronics, Ltd. (NASDAQ:RELL - Get Free Report) CFO Robert J. Ben sold 2,500 shares of Richardson Electronics stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $13.28, for a total value of $33,200.00. Following the completion of the sale, the chief financial officer now owns 54,534 shares of the company's stock, valued at $724,211.52. This trade represents a 4.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Richardson Electronics Stock Up 0.2 %

Shares of RELL stock traded up $0.02 during mid-day trading on Monday, reaching $13.03. The company's stock had a trading volume of 53,646 shares, compared to its average volume of 67,721. The company's 50 day simple moving average is $13.73 and its 200-day simple moving average is $13.04. Richardson Electronics, Ltd. has a 12-month low of $8.08 and a 12-month high of $15.51. The firm has a market capitalization of $187.76 million, a PE ratio of 434.48, a price-to-earnings-growth ratio of 1.91 and a beta of 0.93.

Richardson Electronics (NASDAQ:RELL - Get Free Report) last issued its earnings results on Tuesday, January 7th. The technology company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Richardson Electronics had a return on equity of 0.42% and a net margin of 0.13%. As a group, research analysts anticipate that Richardson Electronics, Ltd. will post 0.28 EPS for the current fiscal year.

Richardson Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 7th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, February 7th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.84%. Richardson Electronics's payout ratio is currently 800.27%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on RELL shares. Northland Capmk downgraded Richardson Electronics from a "strong-buy" rating to a "hold" rating in a report on Monday, January 13th. Northland Securities restated a "market perform" rating on shares of Richardson Electronics in a report on Monday, January 13th.

Institutional Investors Weigh In On Richardson Electronics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RELL. XTX Topco Ltd purchased a new position in Richardson Electronics in the third quarter valued at about $134,000. Insight Wealth Strategies LLC bought a new stake in shares of Richardson Electronics in the 4th quarter worth about $140,000. Ritholtz Wealth Management acquired a new stake in shares of Richardson Electronics in the 4th quarter valued at about $172,000. Jane Street Group LLC lifted its position in shares of Richardson Electronics by 8.2% during the third quarter. Jane Street Group LLC now owns 15,545 shares of the technology company's stock worth $192,000 after purchasing an additional 1,182 shares during the last quarter. Finally, Barclays PLC grew its stake in Richardson Electronics by 151.0% in the third quarter. Barclays PLC now owns 19,639 shares of the technology company's stock worth $242,000 after purchasing an additional 11,815 shares in the last quarter. Hedge funds and other institutional investors own 71.95% of the company's stock.

Richardson Electronics Company Profile

Richardson Electronics, Ltd. engages in the provision of engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and radio frequency (RF), microwave and power components used in semiconductor manufacturing equipment, RF, and wireless and industrial power applications, as well as various applications including broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology.