Richardson Electronics, Ltd. (NASDAQ:RELL) CFO Robert J. Ben sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $9.35, for a total value of $28,050.00. Following the sale, the chief financial officer now directly owns 14,500 shares in the company, valued at approximately $135,575. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Richardson Electronics traded up $0.05, reaching $9.50, during midday trading on Friday, MarketBeat Ratings reports. The stock had a trading volume of 6,686 shares, compared to its average volume of 22,941. Richardson Electronics, Ltd. has a 1-year low of $5.31 and a 1-year high of $10.40. The firm has a market cap of $122.30 million, a PE ratio of 59.06 and a beta of 0.84.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 23rd. Investors of record on Tuesday, August 7th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Monday, August 6th.

Institutional investors have recently made changes to their positions in the stock. Spark Investment Management LLC acquired a new stake in Richardson Electronics in the 2nd quarter valued at approximately $167,000. ZPR Investment Management acquired a new stake in Richardson Electronics in the 1st quarter valued at approximately $182,000. Algert Global LLC acquired a new stake in Richardson Electronics in the 1st quarter valued at approximately $230,000. Deutsche Bank AG raised its position in Richardson Electronics by 48.9% in the 4th quarter. Deutsche Bank AG now owns 34,886 shares of the technology company’s stock valued at $235,000 after buying an additional 11,462 shares during the last quarter. Finally, Northern Trust Corp raised its position in Richardson Electronics by 28.9% in the 1st quarter. Northern Trust Corp now owns 37,690 shares of the technology company’s stock valued at $299,000 after buying an additional 8,449 shares during the last quarter. 44.93% of the stock is currently owned by institutional investors and hedge funds.

Separately, TheStreet raised Richardson Electronics from a “c+” rating to a “b-” rating in a research report on Thursday, July 26th.

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, 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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