New York State Common Retirement Fund lessened its holdings in Richardson Electronics, Ltd. (NASDAQ:RELL) by 24.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 77,673 shares of the technology company’s stock after selling 25,273 shares during the period. New York State Common Retirement Fund owned about 0.60% of Richardson Electronics worth $464,000 at the end of the most recent quarter.
Separately, Marquette Asset Management Inc. lifted its position in Richardson Electronics by 9.5% during the second quarter. Marquette Asset Management Inc. now owns 50,378 shares of the technology company’s stock valued at $301,000 after acquiring an additional 4,363 shares during the last quarter. 48.33% of the stock is owned by institutional investors.
Shares of Richardson Electronics, Ltd. (NASDAQ RELL) opened at $6.43 on Tuesday. Richardson Electronics, Ltd. has a 52-week low of $5.31 and a 52-week high of $6.88.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Tuesday, November 7th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, November 6th. This represents a $0.24 dividend on an annualized basis and a yield of 3.73%. Richardson Electronics’s payout ratio is -72.73%.
Richardson Electronics Company Profile
Richardson Electronics, Ltd. is a provider of engineered solutions, power grid and microwave tubes, and related consumables; power conversion, and radio frequency (RF) and microwave components; high value displays, flat panel detector solutions and replacement parts for diagnostic imaging equipment, and customized display solutions.
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