RF Industries, Ltd. $RFIL Shares Purchased by Sei Investments Co.

Sei Investments Co. increased its position in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 257.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 84,030 shares of the electronics maker’s stock after buying an additional 60,503 shares during the quarter. Sei Investments Co.’s holdings in RF Industries were worth $866,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. acquired a new position in RF Industries during the first quarter worth approximately $56,000. PFG Investments LLC acquired a new stake in shares of RF Industries in the fourth quarter valued at approximately $64,000. Trexquant Investment LP acquired a new stake in shares of RF Industries in the fourth quarter valued at approximately $128,000. Essex Investment Management Co. LLC purchased a new position in shares of RF Industries during the fourth quarter worth approximately $142,000. Finally, Centiva Capital LP purchased a new position in shares of RF Industries during the third quarter worth approximately $144,000. Institutional investors and hedge funds own 23.49% of the company’s stock.

RF Industries Price Performance

RF Industries stock opened at $13.25 on Friday. RF Industries, Ltd. has a 12 month low of $5.54 and a 12 month high of $22.30. The business has a 50 day simple moving average of $15.84 and a 200-day simple moving average of $13.99. The stock has a market capitalization of $143.76 million, a PE ratio of 94.65 and a beta of 1.29.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings data on Monday, June 15th. The electronics maker reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $20.69 million for 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%. As a group, equities research analysts anticipate that RF Industries, Ltd. will post 0.59 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on RFIL. Zacks Research upgraded shares of RF Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. Lake Street Capital assumed coverage on shares of RF Industries in a research note on Thursday. They set a “buy” rating and a $19.00 price target for the company. B. Riley Financial raised their price objective on shares of RF Industries from $11.25 to $18.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 16th. Weiss Ratings lowered shares of RF Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Finally, Wall Street Zen cut shares of RF Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.50.

About RF Industries

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.