Jens Frank Ruppert Sells 24,946 Shares of Richardson Electronics, Ltd. (NASDAQ:RELL) Stock

Richardson Electronics, Ltd. (NASDAQ:RELLGet Rating) EVP Jens Frank Ruppert sold 24,946 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $16.00, for a total value of $399,136.00. Following the sale, the executive vice president now directly owns 37,500 shares of the company’s stock, valued at approximately $600,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jens Frank Ruppert also recently made the following trade(s):

  • On Friday, July 29th, Jens Frank Ruppert sold 2,054 shares of Richardson Electronics stock. The stock was sold at an average price of $16.00, for a total value of $32,864.00.

Richardson Electronics Stock Up 4.0 %

Shares of Richardson Electronics stock opened at $16.56 on Thursday. The stock has a market capitalization of $226.23 million, a P/E ratio of 12.74 and a beta of 0.55. The stock has a 50 day moving average price of $14.99 and a two-hundred day moving average price of $13.22. Richardson Electronics, Ltd. has a 12-month low of $7.37 and a 12-month high of $17.21.

Richardson Electronics (NASDAQ:RELLGet Rating) last posted its quarterly earnings data on Wednesday, July 20th. The technology company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.05). Richardson Electronics had a net margin of 7.98% and a return on equity of 11.55%. The business had revenue of $61.63 million during the quarter, compared to the consensus estimate of $61.50 million. Sell-side analysts anticipate that Richardson Electronics, Ltd. will post 1.07 earnings per share for the current year.

Richardson Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Friday, August 5th will be given a $0.06 dividend. The ex-dividend date is Thursday, August 4th. This represents a $0.24 annualized dividend and a dividend yield of 1.45%. Richardson Electronics’s dividend payout ratio is 18.46%.

Institutional Investors Weigh In On Richardson Electronics

Several hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its position in shares of Richardson Electronics by 4.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 34,700 shares of the technology company’s stock valued at $508,000 after acquiring an additional 1,400 shares during the period. Ellsworth Advisors LLC bought a new position in Richardson Electronics in the second quarter worth $345,000. TCW Group Inc. lifted its position in Richardson Electronics by 117.2% in the second quarter. TCW Group Inc. now owns 101,929 shares of the technology company’s stock worth $1,494,000 after purchasing an additional 55,000 shares during the period. ARS Investment Partners LLC lifted its position in Richardson Electronics by 6.1% in the second quarter. ARS Investment Partners LLC now owns 78,537 shares of the technology company’s stock worth $1,151,000 after purchasing an additional 4,501 shares during the period. Finally, Ritholtz Wealth Management lifted its position in Richardson Electronics by 10.0% in the second quarter. Ritholtz Wealth Management now owns 32,564 shares of the technology company’s stock worth $477,000 after purchasing an additional 2,958 shares during the period. 43.68% of the stock is owned by institutional investors.

About Richardson Electronics

(Get Rating)

Richardson Electronics, Ltd. engages in the power and microwave technologies, customized display solutions, and healthcare businesses in North America, the Asia Pacific, Europe, and Latin America. Its Power and Microwave Technologies Group segment provides engineered solutions, power grid and microwave tubes, and related consumables; technical services for microwave and industrial equipment; and power conversion and RF and microwave component for broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, high energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology applications.

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