Richardson Electronics, Ltd. (NASDAQ: RELL) COO Sells $ 841,258.44 In Stock

The COO of Richardson Electronics, Ltd. (NASDAQ: RELL) Wendy Diddell sold 67,086 shares of the company in a trade dated Wednesday, December 8. The stock was sold for an average price of $ 12.54, for a total value of $ 841,258.44. The sale was disclosed in a legal file with the Securities & Exchange Commission, accessible through the SEC website.

RELL traded up $ 0.05 on Friday, reaching $ 11.96. The company’s shares had a trading volume of 54,141 shares, compared with an average volume of 99,133. The stock has a market cap of $ 159.52 million, a price-to-earnings ratio of 29.07 and a beta. of 0.52. Richardson Electronics, Ltd. has a one-year minimum of $ 4.37 and a one-year maximum of $ 12.87. The company’s 50-day moving average is $ 11.35 and its 200-day moving average is $ 9.38.

Richardson Electronics (NASDAQ: RELL) last released its quarterly results on Wednesday, October 6. The tech company reported $ 0.20 in EPS for the quarter. The company reported sales of $ 53.70 million in the quarter. Richardson Electronics reported a return on equity of 5.82% and a net margin of 2.83%.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 24. Investors of record on Friday, November 5 received a dividend of $ 0.06. This represents a dividend of $ 0.24 on an annualized basis and a return of 2.01%. The ex-dividend date of this dividend was Thursday, November 4. Richardson Electronics’ dividend payout ratio is currently 58.54%.

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A number of institutional investors and hedge funds have recently changed their holdings of equities. The Royal Bank of Canada increased its holdings in Richardson Electronics by 47.2% in the third quarter. Royal Bank of Canada now owns 7,800 shares of the tech company valued at $ 75,000 after purchasing an additional 2,500 shares in the last quarter. Geode Capital Management LLC increased its stake in Richardson Electronics by 1.5% in the third quarter. Geode Capital Management LLC now owns 87,600 shares of the tech company valued at $ 848,000 after purchasing an additional 1,317 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in Richardson Electronics by 4.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 62,016 shares of the tech company valued at $ 601,000 after purchasing an additional 2,384 shares in the last quarter. BlackRock Inc. increased its stake in Richardson Electronics by 9.4% during the 3rd quarter. BlackRock Inc. now owns 272,198 shares of the tech company valued at $ 2,638,000 after purchasing an additional 23,379 shares in the last quarter. Finally, Advisor Group Holdings Inc. purchased a new position in Richardson Electronics during the 3rd quarter valued at approximately $ 65,000. 38.56% of the shares are held by hedge funds and other institutional investors.

Separately, TheStreet downgraded Richardson Electronics from a “c” rating to a “b” rating in a research report released on Thursday, October 7.

About Richardson Electronics

Richardson Electronics Ltd. provides technical solutions and distributes electronic components in the electronic devices market. It operates through the following segments: Power and Microwave Technologies Group (PMT), Canvys and Healthcare. The PMT segment provides solutions and adds value through assistance in design, systems integration, design and manufacturing of prototypes, testing, logistics and technical service and after-sales repair, all via its existing global infrastructure.

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Insider buys and sells by quarter for Richardson Electronics (NASDAQ: RELL)

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