RELM Wireless Co. (RWC) Director Purchases $18,250.00 in Stock

RELM Wireless Co. (NYSEAMERICAN:RWC) Director E. Gray Payne bought 5,000 shares of the business’s stock in a transaction on Saturday, December 15th. The shares were acquired at an average cost of $3.65 per share, for a total transaction of $18,250.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

RELM Wireless Co. (NYSEAMERICAN:RWC) traded up $0.07 during mid-day trading on Monday, reaching $3.67. 3,282 shares of the company were exchanged, compared to its average volume of 6,070. RELM Wireless Co. has a one year low of $3.40 and a one year high of $5.55. The firm has a market cap of $49.16, a PE ratio of 60.00 and a beta of 0.67.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Friday, December 29th. RELM Wireless’s payout ratio is 133.33%.

Separately, BidaskClub upgraded shares of RELM Wireless from a “sell” rating to a “hold” rating in a report on Saturday, November 4th.

A hedge fund recently raised its stake in RELM Wireless stock. Dimensional Fund Advisors LP grew its position in shares of RELM Wireless Co. (NYSEAMERICAN:RWC) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322,254 shares of the company’s stock after purchasing an additional 3,260 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.34% of RELM Wireless worth $1,225,000 as of its most recent SEC filing.

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About RELM Wireless

RELM Wireless Corporation (RELM) provides two-way radio communications equipment. RELM designs, manufactures and markets wireless communications products consisting of two-way land mobile radios, repeaters, base stations, and related components and subsystems. Two-way land mobile radios include units that are hand-held (portable) or installed in vehicles (mobile).

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