Boothbay Fund Management LLC bought a new stake in shares of Richardson Electronics, Ltd. (NASDAQ:RELL – Get Rating) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 20,000 shares of the technology company’s stock, valued at approximately $302,000. Boothbay Fund Management LLC owned approximately 0.14% of Richardson Electronics at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of Richardson Electronics by 48.9% during the first quarter. JPMorgan Chase & Co. now owns 2,553 shares of the technology company’s stock worth $32,000 after buying an additional 839 shares in the last quarter. UBS Group AG grew its holdings in shares of Richardson Electronics by 85.4% during the second quarter. UBS Group AG now owns 1,854 shares of the technology company’s stock worth $27,000 after buying an additional 854 shares in the last quarter. State Street Corp grew its holdings in shares of Richardson Electronics by 4.6% during the second quarter. State Street Corp now owns 40,918 shares of the technology company’s stock worth $600,000 after buying an additional 1,800 shares in the last quarter. Founders Capital Management grew its holdings in shares of Richardson Electronics by 80.0% during the third quarter. Founders Capital Management now owns 4,500 shares of the technology company’s stock worth $68,000 after buying an additional 2,000 shares in the last quarter. Finally, Ritholtz Wealth Management grew its holdings in shares of Richardson Electronics by 9.2% during the third quarter. Ritholtz Wealth Management now owns 35,549 shares of the technology company’s stock worth $537,000 after buying an additional 2,985 shares in the last quarter. 53.93% of the stock is currently owned by hedge funds and other institutional investors.
Richardson Electronics Price Performance
Shares of NASDAQ RELL opened at $21.57 on Friday. Richardson Electronics, Ltd. has a 12 month low of $11.01 and a 12 month high of $27.24. The company has a 50-day simple moving average of $22.46 and a 200-day simple moving average of $21.00. The company has a market cap of $303.49 million, a PE ratio of 13.15, a price-to-earnings-growth ratio of 0.67 and a beta of 0.80.
Richardson Electronics Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 22nd. Investors of record on Friday, February 3rd were issued a $0.06 dividend. The ex-dividend date was Thursday, February 2nd. This represents a $0.24 dividend on an annualized basis and a yield of 1.11%. Richardson Electronics’s payout ratio is 14.63%.
About Richardson Electronics
Richardson Electronics Ltd. engages in the provision of engineered solutions and distributes electronic components to the electron device marketplace. It operates through the following segments: Power and Microwave Technologies Group (PMT), Canvys, and Healthcare. The PMT segment provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair-all through its existing global infrastructure.
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