GSA Capital Partners LLP Sells 23,255 Shares of Richardson Electronics, Ltd. (NASDAQ:RELL)

GSA Capital Partners LLP decreased its stake in shares of Richardson Electronics, Ltd. (NASDAQ:RELL) by 59.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,549 shares of the technology company’s stock after selling 23,255 shares during the quarter. GSA Capital Partners LLP owned about 0.11% of Richardson Electronics worth $192,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. DDD Partners LLC lifted its stake in Richardson Electronics by 3.0% in the second quarter. DDD Partners LLC now owns 1,095,668 shares of the technology company’s stock valued at $13,027,000 after acquiring an additional 31,569 shares during the last quarter. Vanguard Group Inc. increased its position in Richardson Electronics by 4.1% during the first quarter. Vanguard Group Inc. now owns 589,790 shares of the technology company’s stock worth $5,432,000 after buying an additional 23,266 shares during the last quarter. Azarias Capital Management L.P. acquired a new stake in shares of Richardson Electronics in the second quarter valued at approximately $3,565,000. Ancora Advisors LLC raised its stake in Richardson Electronics by 30.7% in the 1st quarter. Ancora Advisors LLC now owns 156,632 shares of the technology company’s stock valued at $1,443,000 after acquiring an additional 36,820 shares during the period. Finally, Parthenon LLC boosted its position in Richardson Electronics by 6.5% during the second quarter. Parthenon LLC now owns 134,316 shares of the technology company’s stock worth $1,597,000 after purchasing an additional 8,247 shares during the period. Institutional investors own 71.95% of the company’s stock.

Richardson Electronics Stock Performance

Shares of RELL stock opened at $14.24 on Monday. The company has a 50-day simple moving average of $13.27 and a 200 day simple moving average of $12.11. Richardson Electronics, Ltd. has a 52 week low of $8.08 and a 52 week high of $15.05. The company has a market capitalization of $204.77 million, a price-to-earnings ratio of -284.80, a PEG ratio of 2.90 and a beta of 0.95.

Richardson Electronics (NASDAQ:RELL) last released its quarterly earnings results on Wednesday, October 9th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $53.73 million for the quarter, compared to analyst estimates of $49.45 million. Richardson Electronics had a negative net margin of 0.40% and a negative return on equity of 0.24%. During the same period last year, the firm earned $0.09 earnings per share. Sell-side analysts forecast that Richardson Electronics, Ltd. will post 0.33 EPS for the current year.

Richardson Electronics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 8th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, November 8th. Richardson Electronics’s dividend payout ratio (DPR) is currently -480.00%.

Insider Buying and Selling

In other news, Director James Benham bought 4,500 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were purchased at an average cost of $13.29 per share, with a total value of $59,805.00. Following the acquisition, the director now directly owns 13,706 shares in the company, valued at $182,152.74. This represents a 48.88 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 32.84% of the stock is currently owned by company 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.