Insider Selling: RF Industries, Ltd. (RFIL) Director Sells 16,763 Shares of Stock

RF Industries, Ltd. (NASDAQ:RFIL) Director William Reynolds sold 16,763 shares of RF Industries stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $1.92, for a total value of $32,184.96. Following the completion of the sale, the director now directly owns 68,870 shares in the company, valued at approximately $132,230.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

RF Industries, Ltd. (RFIL) remained flat at $1.90 during mid-day trading on Friday. The company had a trading volume of 43,905 shares. The stock’s market cap is $16.79 million. The company’s 50-day moving average is $1.85 and its 200 day moving average is $1.64. RF Industries, Ltd. has a 52-week low of $1.40 and a 52-week high of $2.42.

The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a $0.02 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.08 annualized dividend and a dividend yield of 4.21%. RF Industries’s dividend payout ratio is presently -19.05%.

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A hedge fund recently raised its stake in RF Industries stock. GRT Capital Partners L.L.C. boosted its stake in RF Industries, Ltd. (NASDAQ:RFIL) by 33.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 187,612 shares of the electronics maker’s stock after buying an additional 47,500 shares during the period. GRT Capital Partners L.L.C. owned 2.12% of RF Industries worth $339,000 as of its most recent SEC filing. 22.90% of the stock is owned by institutional investors.

About RF Industries

RF Industries, Ltd. is engaged in the design, manufacture and marketing of interconnect products and systems, including coaxial and specialty cables, fiber optic cables and connectors, and electrical and electronic specialty cables. It operates through two segments: RF Connector and Cable Assembly, which consists of Connector and Cable Assembly Division, and the Custom Cabling Manufacturing and Assembly, which consists of subsidiaries, including Cables Unlimited, Inc (Cables Unlimited,) Comnet Telecom Supply, Inc (Comnet) and Rel-Tech Electronics, Inc (Rel-Tech).

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