Trump is set to take the help in the US, and the impact that this might have on the economy remains unclear. One thing is for sure, we’re going to see some interest rate hikes, and this might impact the housing market. Companies in the housing space – those satellite industries such as fittings, fixtures, etc – are all impacted by the macro housing environment. Funds are taking positions ahead of this shift, and here’s the latest example of this.
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Richardson Electronics Ltd. (NASDAQ:RELL) reported that Richardson Edward J has picked up 2,108,966 of common stock as of 2017-01-06.
The acquisition brings the aggregate amount owned by Richardson Edward J to a total of 2,108,966 representing a 16.4% stake in the company.
For those not familiar with the company, 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. The Company’s segments include Power and Microwave Technologies Group, which provides engineered solutions and distributes electronic components to customers in alternative energy, aviation, broadcast, communications, industrial, medical, military, scientific and semiconductor markets; Canvys, which provides customized display solutions to corporate enterprise, financial, healthcare, industrial and medical original equipment manufacturers markets, and Healthcare, which manufactures, distributes and services replacement parts for the healthcare market, including hospitals, medical centers, independent service organizations and multi-vendor service providers.
A glance at Richardson Electronics Ltd. (NASDAQ:RELL)’s key stats reveals a current market capitalization of 78.61 million based on 10.70 million shares outstanding and a price at last close of $6.17 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-01-12, Peloquin picked up 1,500 at a purchase price of $5.35. This brings their total holding to 2,020 as of the date of the filing.
On the sell side, the most recent transaction saw Dudek unload 100 shares at a sale price of $11.12. This brings their total holding to 1,003.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Richardson Electronics Ltd. (NASDAQ:RELL) as things move forward to see if its progress aligns with these transactions.
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