Kovack Advisors Inc. Reduces Holdings in Richardson Electronics, Ltd. $RELL

Kovack Advisors Inc. lessened its stake in shares of Richardson Electronics, Ltd. (NASDAQ:RELL) by 27.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,975 shares of the technology company’s stock after selling 5,415 shares during the quarter. Kovack Advisors Inc. owned approximately 0.10% of Richardson Electronics worth $135,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in RELL. Royce & Associates LP boosted its position in Richardson Electronics by 7.7% during the 1st quarter. Royce & Associates LP now owns 1,344,175 shares of the technology company’s stock valued at $15,001,000 after buying an additional 95,899 shares during the period. First Wilshire Securities Management Inc. boosted its position in Richardson Electronics by 43.5% during the 1st quarter. First Wilshire Securities Management Inc. now owns 748,474 shares of the technology company’s stock valued at $8,353,000 after buying an additional 227,009 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Richardson Electronics by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 85,081 shares of the technology company’s stock worth $950,000 after purchasing an additional 5,802 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Richardson Electronics by 17.0% during the first quarter. Acadian Asset Management LLC now owns 83,273 shares of the technology company’s stock worth $928,000 after purchasing an additional 12,097 shares during the period. Finally, Trexquant Investment LP boosted its holdings in shares of Richardson Electronics by 78.2% during the first quarter. Trexquant Investment LP now owns 49,317 shares of the technology company’s stock worth $550,000 after purchasing an additional 21,646 shares during the period. Hedge funds and other institutional investors own 71.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on RELL shares. Zacks Research upgraded Richardson Electronics from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Weiss Ratings raised Richardson Electronics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Insider Activity at Richardson Electronics

In other news, CFO Robert J. Ben sold 9,500 shares of Richardson Electronics stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $11.45, for a total transaction of $108,775.00. Following the completion of the transaction, the chief financial officer directly owned 62,034 shares in the company, valued at approximately $710,289.30. This trade represents a 13.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth Halverson sold 4,200 shares of Richardson Electronics stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $11.33, for a total transaction of $47,586.00. Following the transaction, the director owned 14,345 shares of the company’s stock, valued at $162,528.85. The trade was a 22.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 22,117 shares of company stock valued at $240,615 in the last three months. Company insiders own 33.40% of the company’s stock.

Richardson Electronics Price Performance

Shares of RELL opened at $10.85 on Tuesday. The firm has a market capitalization of $157.25 million, a PE ratio of 1,086.09, a price-to-earnings-growth ratio of 1.67 and a beta of 0.97. The company has a 50-day simple moving average of $10.32 and a two-hundred day simple moving average of $9.74. Richardson Electronics, Ltd. has a one year low of $7.57 and a one year high of $15.51.

Richardson Electronics (NASDAQ:RELL) last released its earnings results on Wednesday, October 8th. The technology company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The company had revenue of $54.61 million during the quarter, compared to analysts’ expectations of $51.51 million. Richardson Electronics had a return on equity of 2.91% and a net margin of 0.08%.During the same quarter last year, the business posted $0.04 EPS. Analysts expect that Richardson Electronics, Ltd. will post 0.27 EPS for the current fiscal year.

Richardson Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.24 annualized dividend and a yield of 2.2%. Richardson Electronics’s dividend payout ratio (DPR) is currently 2,400.00%.

Richardson Electronics 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.