Aristides Capital LLC Has $638,000 Stake in Richardson Electronics, Ltd. (NASDAQ:RELL)

Aristides Capital LLC raised its stake in Richardson Electronics, Ltd. (NASDAQ:RELLFree Report) by 13.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 47,806 shares of the technology company’s stock after buying an additional 5,496 shares during the quarter. Aristides Capital LLC’s holdings in Richardson Electronics were worth $638,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position in Richardson Electronics by 106.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,240 shares of the technology company’s stock valued at $30,000 after buying an additional 1,157 shares during the last quarter. Parthenon LLC raised its holdings in shares of Richardson Electronics by 51.3% in the fourth quarter. Parthenon LLC now owns 80,489 shares of the technology company’s stock valued at $1,075,000 after purchasing an additional 27,285 shares during the last quarter. Kovack Advisors Inc. lifted its position in shares of Richardson Electronics by 70.8% during the fourth quarter. Kovack Advisors Inc. now owns 27,500 shares of the technology company’s stock valued at $367,000 after purchasing an additional 11,400 shares in the last quarter. Redmont Wealth Advisors LLC boosted its holdings in Richardson Electronics by 14.8% during the fourth quarter. Redmont Wealth Advisors LLC now owns 55,001 shares of the technology company’s stock worth $734,000 after purchasing an additional 7,090 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Richardson Electronics in the 3rd quarter worth about $1,433,000. Institutional investors own 71.95% of the company’s stock.

Insiders Place Their Bets

In other Richardson Electronics news, Director Paul J. Plante acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were bought at an average cost of $9.96 per share, with a total value of $49,800.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $49,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Paul J. Plante purchased 5,000 shares of Richardson Electronics stock in a transaction on Wednesday, April 17th. The stock was acquired at an average price of $9.96 per share, for a total transaction of $49,800.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $49,800. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kenneth Halverson acquired 2,500 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was acquired at an average cost of $10.05 per share, with a total value of $25,125.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at $50,250. The disclosure for this purchase can be found here. Corporate insiders own 32.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Northland Securities began coverage on Richardson Electronics in a research note on Monday, April 29th. They issued an “outperform” rating and a $13.00 price objective for the company.

Read Our Latest Research Report on Richardson Electronics

Richardson Electronics Stock Performance

NASDAQ RELL traded down $0.10 on Friday, hitting $11.07. The stock had a trading volume of 1,682 shares, compared to its average volume of 137,151. The company has a market capitalization of $158.08 million, a price-to-earnings ratio of 39.89, a price-to-earnings-growth ratio of 1.65 and a beta of 0.96. Richardson Electronics, Ltd. has a 52-week low of $8.08 and a 52-week high of $19.58. The firm has a 50-day moving average of $10.34 and a 200-day moving average of $10.61.

Richardson Electronics (NASDAQ:RELLGet Free Report) last issued its quarterly earnings results on Thursday, April 11th. The technology company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. Richardson Electronics had a return on equity of 1.09% and a net margin of 1.97%. The firm had revenue of $52.38 million during the quarter, compared to the consensus estimate of $56.00 million. During the same quarter last year, the company posted $0.44 EPS. As a group, research analysts anticipate that Richardson Electronics, Ltd. will post 0.05 earnings per share for the current fiscal year.

Richardson Electronics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.17%. The ex-dividend date was Thursday, May 9th. Richardson Electronics’s dividend payout ratio (DPR) is 85.71%.

About Richardson Electronics

(Free Report)

Richardson Electronics, Ltd. provides engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and RF, Microwave and power components for semiconductors; and 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.

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Institutional Ownership by Quarter for Richardson Electronics (NASDAQ:RELL)

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