Acuitas Investments LLC Decreases Holdings in Richardson Electronics, Ltd. (NASDAQ:RELL)

Acuitas Investments LLC lowered its holdings in shares of Richardson Electronics, Ltd. (NASDAQ:RELL) by 30.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 32,855 shares of the technology company’s stock after selling 14,245 shares during the quarter. Acuitas Investments LLC’s holdings in Richardson Electronics were worth $391,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in RELL. Redmont Wealth Advisors LLC grew its stake in shares of Richardson Electronics by 4.7% during the first quarter. Redmont Wealth Advisors LLC now owns 57,591 shares of the technology company’s stock valued at $530,000 after buying an additional 2,590 shares during the last quarter. Rhumbline Advisers lifted its position in Richardson Electronics by 19.5% in the second quarter. Rhumbline Advisers now owns 17,206 shares of the technology company’s stock valued at $205,000 after purchasing an additional 2,803 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Richardson Electronics by 32.1% in the second quarter. Victory Capital Management Inc. now owns 11,636 shares of the technology company’s stock worth $138,000 after purchasing an additional 2,830 shares during the last quarter. ARS Investment Partners LLC raised its holdings in Richardson Electronics by 7.1% during the 2nd quarter. ARS Investment Partners LLC now owns 47,696 shares of the technology company’s stock valued at $567,000 after buying an additional 3,165 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Richardson Electronics by 98.1% during the 1st quarter. BNP Paribas Financial Markets now owns 6,730 shares of the technology company’s stock valued at $62,000 after buying an additional 3,333 shares during the period. Hedge funds and other institutional investors own 71.95% of the company’s stock.

Richardson Electronics Trading Down 0.1 %

Shares of RELL opened at $11.59 on Friday. Richardson Electronics, Ltd. has a 1-year low of $8.08 and a 1-year high of $14.30. The firm has a market capitalization of $166.66 million, a price-to-earnings ratio of 41.39, a PEG ratio of 1.80 and a beta of 0.96. The firm’s 50-day moving average price is $11.74 and its 200-day moving average price is $10.62.

Richardson Electronics (NASDAQ:RELL) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.07. Richardson Electronics had a positive return on equity of 0.16% and a negative net margin of 0.07%. The business had revenue of $47.37 million for the quarter, compared to analysts’ expectations of $48.00 million. On average, research analysts forecast that Richardson Electronics, Ltd. will post 0.44 EPS for the current fiscal year.

Richardson Electronics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Friday, August 9th were paid a $0.06 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.24 annualized dividend and a yield of 2.07%. Richardson Electronics’s payout ratio is 85.71%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Richardson Electronics from a “sell” rating to a “hold” rating in a research note on Friday, July 26th.

Richardson Electronics Company Profile

Richardson Electronics, Ltd. provides engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and RF, Microwave and power components for semiconductors; and 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.