Fortis Capital Advisors LLC Invests $459,000 in Relx Plc $RELX

Key Points

• Fortis Capital Advisors LLC has invested approximately $459,000 in shares of Relx Plc, acquiring 9,110 shares during the first quarter.
• Several institutional investors significantly increased their stakes in Relx, with Larson Financial Group and Cornerstone Planning Group reporting increases of up to 612.5% and 325.2% respectively.
• Relx has cut its dividend, issuing a semi-annual dividend of $0.2634, with a payout ratio currently at 28.49% and a reported yield of 170.0%.

Fortis Capital Advisors LLC acquired a new position in shares of Relx Plc (NYSE:RELX - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 9,110 shares of the technology company's stock, valued at approximately $459,000.

Several other institutional investors and hedge funds have also made changes to their positions in RELX. Larson Financial Group LLC lifted its stake in shares of Relx by 612.5% during the first quarter. Larson Financial Group LLC now owns 513 shares of the technology company's stock worth $26,000 after buying an additional 441 shares during the period. WPG Advisers LLC acquired a new stake in shares of Relx during the first quarter worth $28,000. Golden State Wealth Management LLC lifted its position in Relx by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company's stock valued at $30,000 after purchasing an additional 294 shares during the period. Cornerstone Planning Group LLC lifted its position in Relx by 325.2% during the first quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company's stock valued at $37,000 after purchasing an additional 530 shares during the period. Finally, Redwood Investments LLC acquired a new position in Relx during the fourth quarter valued at $120,000. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Trading Down 4.3%

NYSE RELX opened at $45.15 on Thursday. The company has a market capitalization of $82.82 billion, a PE ratio of 24.27, a P/E/G ratio of 3.08 and a beta of 0.87. The company has a fifty day moving average of $50.07 and a 200 day moving average of $51.13. Relx Plc has a 1 year low of $44.19 and a 1 year high of $56.33. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42.

Relx Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th will be issued a $0.2634 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a yield of 170.0%. Relx's payout ratio is presently 28.49%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Relx from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy".

Relx Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.

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