According to a recent Form 13F filing with the Securities and Exchange Commission (SEC), &GSA Capital Partners owned around 12,197 shares of Richardson Electronics before the sale, which significantly reduced its holdings to 0.09%. The total value of these shares was $260,000 at the end of the reporting period.
In other news, Director Paul J. Plante sold 15,000 shares of Richardson Electronics stock on the open market worth $271,350. These sales were disclosed in a legal filing with the SEC and are available for viewing online. Likewise, EVP Gregory J. Peloquin also sold 24,000 shares on May 19th at $17.98 per share, resulting in a transaction total of $431,520.
Despite all this action from insiders selling off their stakes in RELL, there is still value to be had for investors looking to hold onto their positions or even buy-in at current prices. Richardson Electronics recently declared a quarterly dividend that was paid out to investors who held onto their positions until May 5th.
The rate was set at $0.06 per share which represents an annualized payout ratio of around 12.83%. This dividend yield is impressive compared to other high-yielding stocks today, making RELL an attractive pick for investors seeking strong income from their portfolios.