Prime Capital Investment Advisors LLC acquired a new stake in Relx Plc (NYSE:RELX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 43,941 shares of the technology company's stock, valued at approximately $1,743,000.
Other hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new stake in Relx in the 1st quarter valued at $26,000. Resurgent Financial Advisors LLC acquired a new stake in Relx in the 4th quarter valued at $27,000. Janiczek Wealth Management LLC boosted its holdings in Relx by 147.5% during the 3rd quarter. Janiczek Wealth Management LLC now owns 990 shares of the technology company's stock worth $33,000 after acquiring an additional 590 shares during the last quarter. Milestone Investment Advisors LLC purchased a new position in Relx during the 3rd quarter worth $34,000. Finally, NBC Securities Inc. purchased a new position in Relx during the 3rd quarter worth $38,000. Institutional investors own 15.02% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on RELX. Berenberg Bank downgraded shares of Relx from a "buy" rating to a "hold" rating in a report on Friday, March 1st. StockNews.com raised shares of Relx from a "hold" rating to a "buy" rating in a report on Monday.
View Our Latest Research Report on Relx
Relx Stock Up 0.7 %
Relx stock traded up $0.31 during midday trading on Tuesday, reaching $42.23. The stock had a trading volume of 1,141,690 shares, compared to its average volume of 1,099,485. Relx Plc has a 12 month low of $30.10 and a 12 month high of $44.75. The firm's 50-day moving average price is $42.92 and its 200 day moving average price is $39.48. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.51.
Relx Increases Dividend
The company also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, June 18th. Investors of record on Friday, May 3rd will be paid a $0.526 dividend. This is a boost from Relx's previous Semi-Annual dividend of $0.22. This represents a yield of 1.7%. The ex-dividend date is Thursday, May 2nd.
About Relx
(
Free Report)
RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.
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