Walleye Capital LLC Takes $731,000 Position in RF Industries, Ltd. $RFIL

Walleye Capital LLC purchased a new stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) in the first quarter, according to its most recent filing with the SEC. The firm purchased 70,941 shares of the electronics maker’s stock, valued at approximately $731,000.

Several other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. acquired a new stake in shares of RF Industries in the 1st quarter worth approximately $56,000. PFG Investments LLC acquired a new position in RF Industries during the fourth quarter worth $64,000. Trexquant Investment LP acquired a new position in RF Industries during the fourth quarter worth $128,000. Essex Investment Management Co. LLC purchased a new stake in RF Industries during the fourth quarter worth $142,000. Finally, Centiva Capital LP purchased a new stake in RF Industries during the third quarter worth $144,000. Hedge funds and other institutional investors own 23.49% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RFIL. Wall Street Zen cut RF Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings upgraded shares of RF Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Zacks Research raised shares of RF Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, B. Riley Financial raised their target price on shares of RF Industries from $11.25 to $18.00 and gave the company a “neutral” rating in a report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $18.00.

RF Industries Price Performance

Shares of RFIL stock opened at $12.46 on Friday. The firm’s 50-day simple moving average is $17.40 and its 200-day simple moving average is $13.53. RF Industries, Ltd. has a 1-year low of $5.54 and a 1-year high of $22.30. The firm has a market cap of $135.19 million, a P/E ratio of 89.01 and a beta of 1.27.

RF Industries (NASDAQ:RFIL) last issued its quarterly earnings results on Monday, June 15th. The electronics maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. The firm had revenue of $20.69 million during the quarter, compared to analyst estimates of $19.67 million. RF Industries had a net margin of 1.70% and a return on equity of 12.79%. Analysts expect that RF Industries, Ltd. will post 0.59 earnings per share for the current fiscal year.

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.