Ritholtz Wealth Management Acquires New Shares in RF Industries, Ltd. $RFIL

Ritholtz Wealth Management bought a new position in shares of RF Industries, Ltd. (NASDAQ:RFIL) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 91,609 shares of the electronics maker’s stock, valued at approximately $754,000. Ritholtz Wealth Management owned approximately 0.86% of RF Industries at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RFIL. Goldman Sachs Group Inc. acquired a new stake in shares of RF Industries during the first quarter worth about $56,000. Heron Bay Capital Management bought a new stake in RF Industries during the 2nd quarter worth approximately $67,000. Finally, Global Retirement Partners LLC acquired a new stake in RF Industries during the 3rd quarter worth approximately $44,000. 23.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on RFIL shares. B. Riley reiterated a “buy” rating on shares of RF Industries in a report on Thursday. Weiss Ratings raised shares of RF Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday. Finally, Zacks Research upgraded RF Industries from a “hold” rating to a “strong-buy” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $9.25.

RF Industries Trading Up 5.9%

RF Industries stock opened at $9.36 on Tuesday. The company has a fifty day simple moving average of $6.29 and a 200 day simple moving average of $7.14. RF Industries, Ltd. has a 1-year low of $3.39 and a 1-year high of $9.70. The company has a market cap of $100.25 million, a P/E ratio of 468.23 and a beta of 0.96.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings data on Wednesday, January 14th. The electronics maker reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.11. RF Industries had a return on equity of 10.08% and a net margin of 0.09%.The company had revenue of $22.69 million during the quarter, compared to analysts’ expectations of $19.38 million. On average, equities research analysts forecast that RF Industries, Ltd. will post 0.11 EPS for the current year.

RF Industries Company Profile

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.