RF Industries, Ltd. $RFIL Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management decreased its stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 16.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 129,031 shares of the electronics maker’s stock after selling 24,857 shares during the period. Ritholtz Wealth Management owned approximately 1.19% of RF Industries worth $1,330,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. acquired a new position in RF Industries during the first quarter worth about $56,000. PFG Investments LLC purchased a new stake in shares of RF Industries in the 4th quarter valued at approximately $64,000. Heron Bay Capital Management boosted its position in shares of RF Industries by 26.1% in the third quarter. Heron Bay Capital Management now owns 13,117 shares of the electronics maker’s stock worth $108,000 after buying an additional 2,711 shares during the period. Trexquant Investment LP acquired a new stake in shares of RF Industries in the fourth quarter worth $128,000. Finally, Essex Investment Management Co. LLC purchased a new position in shares of RF Industries during the fourth quarter valued at $142,000. 23.49% of the stock is currently owned by institutional investors and hedge funds.

RF Industries Stock Performance

RFIL opened at $21.43 on Monday. The stock has a market capitalization of $232.52 million, a price-to-earnings ratio of 153.08 and a beta of 1.30. The business has a 50 day moving average of $17.02 and a 200-day moving average of $12.15. RF Industries, Ltd. has a 1-year low of $5.54 and a 1-year high of $22.30.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings data on Monday, June 15th. The electronics maker reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. RF Industries had a net margin of 1.70% and a return on equity of 12.79%. The company had revenue of $20.69 million for the quarter, compared to the consensus estimate of $19.67 million. Equities analysts predict that RF Industries, Ltd. will post 0.59 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Zacks Research downgraded RF Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Wall Street Zen upgraded RF Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 20th. Weiss Ratings raised shares of RF Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Finally, B. Riley Financial lifted their target price on shares of RF Industries from $11.25 to $18.00 and gave the company a “neutral” rating in a research note on Tuesday, June 16th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.00.

About RF Industries

RF Industries, Inc (NASDAQ: RFIL) is a manufacturer and supplier of connectivity products and solutions for the wireless, broadcast, cable television, data networking, defense and aerospace markets. The company specializes in both standard and custom coaxial and fiber-optic cable assemblies, connectors, adapters and test accessories designed to withstand demanding environmental conditions. Through its product portfolio, RF Industries supports applications ranging from RF signal transmission and satellite communications to industrial automation and instrumentation.

The company’s offerings include premade and build-to-print coaxial cables and assemblies, field-installable connectors, power distribution components and calibration-grade test equipment.