Richardson Electronics, Ltd. (RELL) COO Wendy Diddell Sells 1,640 Shares

Richardson Electronics, Ltd. (NASDAQ:RELL) COO Wendy Diddell sold 1,640 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $7.52, for a total transaction of $12,332.80. Following the completion of the transaction, the chief operating officer now owns 31,624 shares in the company, valued at $237,812.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NASDAQ:RELL traded down $0.27 on Thursday, hitting $7.25. The stock had a trading volume of 100 shares, compared to its average volume of 21,292. The firm has a market capitalization of $94.61 million, a price-to-earnings ratio of 33.91 and a beta of 0.28. Richardson Electronics, Ltd. has a 1-year low of $6.76 and a 1-year high of $10.40.

Richardson Electronics (NASDAQ:RELL) last posted its earnings results on Thursday, January 10th. The technology company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). The firm had revenue of $41.31 million during the quarter. Richardson Electronics had a net margin of 1.39% and a return on equity of 2.15%.

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 26th. Shareholders of record on Friday, February 8th were issued a $0.06 dividend. The ex-dividend date was Thursday, February 7th. This represents a $0.24 annualized dividend and a yield of 3.31%.

Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Richardson Electronics by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 917,982 shares of the technology company’s stock worth $7,977,000 after acquiring an additional 7,248 shares during the last quarter. Ancora Advisors LLC lifted its holdings in shares of Richardson Electronics by 2.3% in the 4th quarter. Ancora Advisors LLC now owns 227,692 shares of the technology company’s stock worth $1,979,000 after acquiring an additional 5,030 shares during the last quarter. First Wilshire Securities Management Inc. acquired a new position in shares of Richardson Electronics in the 4th quarter worth approximately $440,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Richardson Electronics by 7.3% in the 3rd quarter. Acadian Asset Management LLC now owns 104,509 shares of the technology company’s stock worth $916,000 after acquiring an additional 7,066 shares during the last quarter. Hedge funds and other institutional investors own 42.82% of the company’s stock.

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Richardson Electronics Company Profile

Richardson Electronics, Ltd. engages in power and microwave technologies, customized display solutions, and healthcare equipment businesses in North America, the Asia Pacific, Europe, and Latin America. The company's Power and Microwave Technologies Group segment provides engineered solutions, power grid and microwave tubes, and related consumables; high value flat panel detector solutions, replacement parts, tubes and service training for diagnostic imaging equipment; and customized display solutions, as well as power conversion and RF and microwave components 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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