Jane Street Group LLC Increases Stock Position in Richardson Electronics, Ltd. (NASDAQ:RELL)

Jane Street Group LLC raised its stake in shares of Richardson Electronics, Ltd. (NASDAQ:RELL) by 8.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,545 shares of the technology company’s stock after purchasing an additional 1,182 shares during the period. Jane Street Group LLC owned 0.11% of Richardson Electronics worth $192,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its position in shares of Richardson Electronics by 32.1% during the 2nd quarter. Victory Capital Management Inc. now owns 11,636 shares of the technology company’s stock valued at $138,000 after acquiring an additional 2,830 shares during the last quarter. Rhumbline Advisers raised its stake in Richardson Electronics by 19.5% during the second quarter. Rhumbline Advisers now owns 17,206 shares of the technology company’s stock valued at $205,000 after purchasing an additional 2,803 shares in the last quarter. American Century Companies Inc. lifted its position in Richardson Electronics by 14.7% during the second quarter. American Century Companies Inc. now owns 18,372 shares of the technology company’s stock valued at $218,000 after purchasing an additional 2,359 shares during the last quarter. Squarepoint Ops LLC grew its stake in shares of Richardson Electronics by 11.8% in the 2nd quarter. Squarepoint Ops LLC now owns 21,722 shares of the technology company’s stock worth $258,000 after buying an additional 2,284 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Richardson Electronics by 3.6% during the second quarter. Bank of New York Mellon Corp now owns 131,577 shares of the technology company’s stock worth $1,564,000 after acquiring an additional 4,513 shares during the last quarter. 71.95% of the stock is owned by institutional investors.

Richardson Electronics Trading Up 1.2 %

Shares of NASDAQ:RELL opened at $13.02 on Monday. Richardson Electronics, Ltd. has a 12 month low of $8.08 and a 12 month high of $15.51. The company has a market capitalization of $187.24 million, a price-to-earnings ratio of -260.40, a PEG ratio of 1.74 and a beta of 0.95. The firm’s 50-day moving average is $14.13 and its 200 day moving average is $12.85.

Richardson Electronics (NASDAQ:RELL) last posted its quarterly earnings results on Tuesday, January 7th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Richardson Electronics had a negative return on equity of 0.24% and a negative net margin of 0.40%. As a group, equities analysts forecast that Richardson Electronics, Ltd. will post 0.33 EPS for the current fiscal year.

Richardson Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 7th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Friday, February 7th. Richardson Electronics’s dividend payout ratio is presently 800.00%.

Insiders Place Their Bets

In other Richardson Electronics news, Director James Benham acquired 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average price of $13.29 per share, with a total value of $59,805.00. Following the purchase, the director now owns 13,706 shares in the company, valued at approximately $182,152.74. The trade was a 48.88 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 32.84% of the stock is currently owned by insiders.

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.