Alambic Investment Management L.P. acquired a new stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,800 shares of the electronics maker’s stock, valued at approximately $144,000. Alambic Investment Management L.P. owned 0.21% of RF Industries as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. bought a new position in RF Industries in the second quarter worth $109,000. TRUE Private Wealth Advisors bought a new position in RF Industries in the second quarter worth $189,000. Acadian Asset Management LLC raised its holdings in RF Industries by 325.6% in the second quarter. Acadian Asset Management LLC now owns 99,660 shares of the electronics maker’s stock worth $722,000 after purchasing an additional 76,241 shares in the last quarter. EAM Investors LLC bought a new position in RF Industries in the second quarter worth $935,000. Finally, Dimensional Fund Advisors LP raised its holdings in RF Industries by 20.2% in the second quarter. Dimensional Fund Advisors LP now owns 306,850 shares of the electronics maker’s stock worth $2,225,000 after purchasing an additional 51,644 shares in the last quarter. 27.11% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:RFIL traded down $0.25 on Friday, hitting $7.42. 97,008 shares of the company traded hands, compared to its average volume of 149,587. RF Industries, Ltd. has a 52 week low of $2.20 and a 52 week high of $12.75. The company has a market capitalization of $65.96 million, a PE ratio of 11.83 and a beta of 0.44.
RF Industries (NASDAQ:RFIL) last issued its quarterly earnings results on Wednesday, September 12th. The electronics maker reported $0.18 earnings per share for the quarter. RF Industries had a return on equity of 23.75% and a net margin of 10.27%. The firm had revenue of $13.85 million during the quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Sunday, September 30th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, September 27th. This represents a $0.08 annualized dividend and a dividend yield of 1.08%.
Separately, TheStreet upgraded RF Industries from a “c+” rating to a “b-” rating in a report on Monday, July 16th.
About RF Industries
RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States and internationally. The company's RF Connector and Cable Assembly division designs, manufactures, and distributes coaxial connectors and cable assemblies that are integrated with coaxial connectors.
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