Azarias Capital Management L.P. Raises Stock Position in Richardson Electronics, Ltd. (NASDAQ:RELL)

Azarias Capital Management L.P. grew its holdings in shares of Richardson Electronics, Ltd. (NASDAQ:RELL) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 446,496 shares of the technology company’s stock after buying an additional 16,843 shares during the quarter. Richardson Electronics accounts for approximately 2.8% of Azarias Capital Management L.P.’s holdings, making the stock its 16th biggest holding. Azarias Capital Management L.P. owned approximately 3.10% of Richardson Electronics worth $6,264,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. XTX Topco Ltd bought a new stake in Richardson Electronics during the third quarter worth approximately $134,000. Insight Wealth Strategies LLC purchased a new stake in Richardson Electronics during the 4th quarter valued at $140,000. Ritholtz Wealth Management bought a new stake in Richardson Electronics in the fourth quarter worth $172,000. Jane Street Group LLC boosted its stake in Richardson Electronics by 8.2% during the third quarter. Jane Street Group LLC now owns 15,545 shares of the technology company’s stock worth $192,000 after buying an additional 1,182 shares during the period. Finally, Barclays PLC increased its position in Richardson Electronics by 151.0% during the third quarter. Barclays PLC now owns 19,639 shares of the technology company’s stock valued at $242,000 after acquiring an additional 11,815 shares during the last quarter. 71.95% of the stock is currently owned by hedge funds and other institutional investors.

Richardson Electronics Price Performance

Shares of Richardson Electronics stock opened at $13.00 on Thursday. The stock has a market cap of $187.33 million, a price-to-earnings ratio of 433.48, a PEG ratio of 1.91 and a beta of 0.93. The firm’s 50-day moving average is $13.68 and its two-hundred day moving average is $13.06. Richardson Electronics, Ltd. has a 1 year low of $8.08 and a 1 year high of $15.51.

Richardson Electronics (NASDAQ:RELL) last issued its quarterly earnings data on Tuesday, January 7th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Richardson Electronics had a net margin of 0.13% and a return on equity of 0.42%. On average, equities analysts expect that Richardson Electronics, Ltd. will post 0.28 earnings per share for the current year.

Richardson Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 7th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, February 7th. Richardson Electronics’s payout ratio is 800.27%.

Insider Buying and Selling

In other news, CFO Robert J. Ben sold 2,500 shares of Richardson Electronics stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $13.28, for a total value of $33,200.00. Following the transaction, the chief financial officer now owns 54,534 shares of the company’s stock, valued at $724,211.52. The trade was a 4.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 32.84% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on RELL shares. Northland Capmk downgraded Richardson Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th. Northland Securities reaffirmed a “market perform” rating on shares of Richardson Electronics in a research note on Monday, January 13th.

About Richardson Electronics

Richardson Electronics, Ltd. engages in the provision of engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and radio frequency (RF), microwave and power components used in semiconductor 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.