RF Industries, Ltd. $RFIL Stock Position Raised by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. lifted its position in RF Industries, Ltd. (NASDAQ:RFIL) by 9.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 877,150 shares of the electronics maker’s stock after acquiring an additional 74,091 shares during the quarter. Punch & Associates Investment Management Inc. owned approximately 8.19% of RF Industries worth $5,070,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in RFIL. Arrowstreet Capital Limited Partnership purchased a new stake in shares of RF Industries in the 3rd quarter valued at approximately $1,651,000. O Shaughnessy Asset Management LLC lifted its position in shares of RF Industries by 58.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 212,439 shares of the electronics maker’s stock valued at $1,228,000 after acquiring an additional 78,144 shares in the last quarter. Ritholtz Wealth Management lifted its position in shares of RF Industries by 68.0% in the 4th quarter. Ritholtz Wealth Management now owns 153,888 shares of the electronics maker’s stock valued at $889,000 after acquiring an additional 62,279 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in RF Industries in the 4th quarter worth about $142,000. Finally, Bailard Inc. lifted its stake in RF Industries by 133.0% in the 4th quarter. Bailard Inc. now owns 36,625 shares of the electronics maker’s stock worth $212,000 after acquiring an additional 20,908 shares in the last quarter. Hedge funds and other institutional investors own 23.49% of the company’s stock.

RF Industries Stock Performance

RFIL opened at $16.44 on Wednesday. RF Industries, Ltd. has a twelve month low of $4.40 and a twelve month high of $20.00. The business has a 50 day moving average price of $15.79 and a 200 day moving average price of $11.39. The firm has a market cap of $177.72 million, a P/E ratio of 117.44 and a beta of 1.30.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings results on Monday, June 15th. The electronics maker reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. RF Industries had a return on equity of 12.94% and a net margin of 1.70%.The company had revenue of $20.69 million for the quarter, compared to the consensus estimate of $19.67 million. As a group, analysts anticipate that RF Industries, Ltd. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RFIL shares. Zacks Research downgraded shares of RF Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Weiss Ratings upgraded shares of RF Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 2nd. Wall Street Zen downgraded shares of RF Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 28th. Finally, B. Riley Financial increased their price target on shares of RF Industries from $11.25 to $18.00 and gave the stock a “neutral” rating in a research note on Tuesday. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.00.

RF Industries Profile

RF Industries, Inc (NASDAQ: RFIL) is a manufacturer and supplier of connectivity products and solutions for the wireless, broadcast, cable television, data networking, defense and aerospace markets. The company specializes in both standard and custom coaxial and fiber-optic cable assemblies, connectors, adapters and test accessories designed to withstand demanding environmental conditions. Through its product portfolio, RF Industries supports applications ranging from RF signal transmission and satellite communications to industrial automation and instrumentation.

The company’s offerings include premade and build-to-print coaxial cables and assemblies, field-installable connectors, power distribution components and calibration-grade test equipment.