Ritholtz Wealth Management Has $1.33 Million Position in RF Industries, Ltd. $RFIL

Ritholtz Wealth Management reduced its position in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 16.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 129,031 shares of the electronics maker’s stock after selling 24,857 shares during the period. Ritholtz Wealth Management’s holdings in RF Industries were worth $1,330,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RFIL. Punch & Associates Investment Management Inc. increased its holdings in shares of RF Industries by 9.2% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 877,150 shares of the electronics maker’s stock worth $5,070,000 after buying an additional 74,091 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings 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 worth $1,228,000 after acquiring an additional 78,144 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of RF Industries by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 103,152 shares of the electronics maker’s stock worth $596,000 after acquiring an additional 2,718 shares in the last quarter. Bridgeway Capital Management LLC grew its position in RF Industries by 38.1% during the 3rd quarter. Bridgeway Capital Management LLC now owns 66,676 shares of the electronics maker’s stock worth $549,000 after acquiring an additional 18,380 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in RF Industries during the 4th quarter worth approximately $190,000. 23.49% of the stock is currently owned by institutional investors and hedge funds.

RF Industries Stock Performance

Shares of RFIL stock opened at $21.43 on Monday. The firm’s fifty day moving average price is $17.02 and its two-hundred day moving average price is $12.15. The firm has a market capitalization of $232.52 million, a P/E ratio of 153.08 and a beta of 1.30. RF Industries, Ltd. has a 1 year low of $5.54 and a 1 year high of $22.30.

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

Analysts Set New Price Targets

RFIL has been the subject of a number of research analyst reports. Wall Street Zen raised RF Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 20th. B. Riley Financial increased their price target on RF Industries from $11.25 to $18.00 and gave the company a “neutral” rating in a research note on Tuesday, June 16th. 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. Finally, Zacks Research cut RF Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.00.

RF Industries Company 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.