22,217 Shares in Richardson Electronics, Ltd. (NASDAQ:RELL) Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC bought a new stake in Richardson Electronics, Ltd. (NASDAQ:RELL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 22,217 shares of the technology company’s stock, valued at approximately $312,000.

Several other institutional investors also recently made changes to their positions in RELL. American Century Companies Inc. boosted its position in Richardson Electronics by 7.3% during the 4th quarter. American Century Companies Inc. now owns 24,312 shares of the technology company’s stock valued at $341,000 after purchasing an additional 1,651 shares during the period. Royce & Associates LP boosted its holdings in shares of Richardson Electronics by 10.6% during the fourth quarter. Royce & Associates LP now owns 1,248,276 shares of the technology company’s stock valued at $17,513,000 after acquiring an additional 119,685 shares during the period. Raymond James Financial Inc. bought a new position in shares of Richardson Electronics during the fourth quarter worth about $300,000. Kovack Advisors Inc. grew its position in shares of Richardson Electronics by 24.1% during the fourth quarter. Kovack Advisors Inc. now owns 44,300 shares of the technology company’s stock worth $622,000 after acquiring an additional 8,600 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Richardson Electronics by 79.0% in the 4th quarter. Rhumbline Advisers now owns 34,396 shares of the technology company’s stock worth $483,000 after acquiring an additional 15,181 shares during the period. 71.95% of the stock is owned by institutional investors.

Richardson Electronics Stock Up 0.4 %

RELL stock opened at $8.15 on Friday. The company has a 50-day simple moving average of $12.04 and a 200 day simple moving average of $13.11. The company has a market capitalization of $117.43 million, a P/E ratio of 271.76, a PEG ratio of 1.98 and a beta of 0.89. Richardson Electronics, Ltd. has a fifty-two week low of $7.57 and a fifty-two week high of $15.51.

Richardson Electronics (NASDAQ:RELL) last posted its quarterly earnings data on Wednesday, April 9th. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. Richardson Electronics had a net margin of 0.13% and a return on equity of 0.42%. The business had revenue of $53.80 million during the quarter, compared to analysts’ expectations of $56.90 million. During the same period last year, the firm posted $0.05 earnings per share. Equities analysts anticipate that Richardson Electronics, Ltd. will post 0.27 EPS for the current year.

Richardson Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Friday, May 9th. Richardson Electronics’s payout ratio is -141.18%.

Wall Street Analyst Weigh In

Several research analysts have commented on RELL shares. Northland Securities restated a “market perform” rating on shares of Richardson Electronics in a research report on Monday, January 13th. Northland Capmk lowered Richardson Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, StockNews.com raised Richardson Electronics from a “hold” rating to a “buy” rating in a research note on Friday.

Insider Activity at Richardson Electronics

In other Richardson Electronics news, CFO Robert J. Ben sold 2,500 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $13.28, for a total value of $33,200.00. Following the transaction, the chief financial officer now owns 54,534 shares of the company’s stock, valued at approximately $724,211.52. This represents a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 32.84% of the company’s stock.

About Richardson Electronics

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.