RF Industries, Ltd. (NASDAQ:RFIL) Director Gerald T. Garland bought 10,000 shares of RF Industries stock in a transaction that occurred on Thursday, October 5th. The stock was bought at an average price of $2.24 per share, for a total transaction of $22,400.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of RF Industries, Ltd. (RFIL) remained flat at $2.45 during mid-day trading on Tuesday. 1,441 shares of the company were exchanged. RF Industries, Ltd. has a 1-year low of $1.40 and a 1-year high of $2.50. The stock has a 50-day moving average price of $2.06 and a 200 day moving average price of $1.78. The company’s market cap is $21.69 million.
RF Industries (NASDAQ:RFIL) last announced its quarterly earnings results on Tuesday, September 12th. The electronics maker reported $0.02 EPS for the quarter. The business had revenue of $7.81 million for the quarter. RF Industries had a negative return on equity of 5.79% and a negative net margin of 9.78%. Equities analysts expect that RF Industries, Ltd. will post $0.20 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Saturday, September 30th will be paid a $0.02 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.08 dividend on an annualized basis and a yield of 3.27%. RF Industries’s dividend payout ratio (DPR) is currently -24.24%.
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A hedge fund recently raised its stake in RF Industries stock. GRT Capital Partners L.L.C. boosted its stake in RF Industries, Ltd. (NASDAQ:RFIL) by 33.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 187,612 shares of the electronics maker’s stock after purchasing an additional 47,500 shares during the period. GRT Capital Partners L.L.C. owned about 2.12% of RF Industries worth $339,000 at the end of the most recent reporting period. 22.45% of the stock is currently owned by hedge funds and other institutional investors.
About RF Industries
RF Industries, Ltd. is engaged in the design, manufacture and marketing of interconnect products and systems, including coaxial and specialty cables, fiber optic cables and connectors, and electrical and electronic specialty cables. It operates through two segments: RF Connector and Cable Assembly, which consists of Connector and Cable Assembly Division, and the Custom Cabling Manufacturing and Assembly, which consists of subsidiaries, including Cables Unlimited, Inc (Cables Unlimited,) Comnet Telecom Supply, Inc (Comnet) and Rel-Tech Electronics, Inc (Rel-Tech).
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