Huntleigh Advisors Inc. Makes New $678,000 Investment in RF Industries, Ltd. $RFIL

Huntleigh Advisors Inc. bought a new stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 82,385 shares of the electronics maker’s stock, valued at approximately $678,000. Huntleigh Advisors Inc. owned about 0.77% of RF Industries at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. AMH Equity Ltd bought a new position in shares of RF Industries during the third quarter worth about $1,843,000. Ritholtz Wealth Management bought a new position in RF Industries in the 3rd quarter worth approximately $754,000. Goldman Sachs Group Inc. bought a new position in RF Industries in the 1st quarter worth approximately $56,000. Heron Bay Capital Management acquired a new stake in RF Industries in the 2nd quarter valued at approximately $67,000. Finally, Global Retirement Partners LLC bought a new stake in RF Industries during the 3rd quarter valued at $44,000. 23.49% of the stock is currently owned by institutional investors and hedge funds.

RF Industries Stock Performance

RF Industries stock opened at $11.99 on Thursday. The firm has a market cap of $128.41 million, a price-to-earnings ratio of 599.80 and a beta of 0.96. RF Industries, Ltd. has a 1 year low of $3.39 and a 1 year high of $12.12. The firm’s 50 day moving average price is $6.48 and its two-hundred day moving average price is $7.21.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings data on Wednesday, January 14th. The electronics maker reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.11. The business had revenue of $22.69 million during the quarter, compared to analyst estimates of $19.38 million. RF Industries had a return on equity of 10.08% and a net margin of 0.09%. As a group, equities analysts predict that RF Industries, Ltd. will post 0.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on RFIL shares. B. Riley reissued a “buy” rating on shares of RF Industries in a report on Thursday, January 15th. Weiss Ratings raised RF Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, January 15th. Finally, Zacks Research upgraded RF Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $9.25.

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.