Insider Selling: Richardson Electronics, Ltd. (RELL) COO Sells 1,640 Shares of Stock

Richardson Electronics, Ltd. (NASDAQ:RELL) COO Wendy Diddell sold 1,640 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief operating officer now owns 31,624 shares in the company, valued at approximately $237,812.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Richardson Electronics stock traded down $0.19 during mid-day trading on Friday, reaching $7.06. The company had a trading volume of 9,538 shares, compared to its average volume of 40,067. Richardson Electronics, Ltd. has a fifty-two week low of $6.76 and a fifty-two week high of $10.40. The firm has a market capitalization of $94.61 million, a P/E ratio of 33.91 and a beta of 0.28.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 26th. Shareholders of record on Friday, February 8th were given a $0.06 dividend. The ex-dividend date was Thursday, February 7th. This represents a $0.24 dividend on an annualized basis and a yield of 3.40%.

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Richardson Electronics by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 917,982 shares of the technology company’s stock worth $7,977,000 after purchasing an additional 7,248 shares during the period. Ancora Advisors LLC lifted its holdings in shares of Richardson Electronics by 2.3% during the fourth quarter. Ancora Advisors LLC now owns 227,692 shares of the technology company’s stock worth $1,979,000 after purchasing an additional 5,030 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Richardson Electronics by 7.3% during the third quarter. Acadian Asset Management LLC now owns 104,509 shares of the technology company’s stock worth $916,000 after purchasing an additional 7,066 shares during the period. Finally, First Wilshire Securities Management Inc. acquired a new position in shares of Richardson Electronics during the fourth quarter worth $440,000. Institutional investors own 42.82% of the company’s stock.

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About Richardson Electronics

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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