Insider Buying: RELM Wireless Co. (RWC) Director Buys $18,250.00 in Stock

RELM Wireless Co. (NYSEAMERICAN:RWC) Director E. Gray Payne purchased 5,000 shares of the stock in a transaction dated Saturday, December 15th. The shares were acquired at an average price of $3.65 per share, with a total value of $18,250.00. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Shares of RELM Wireless Co. (RWC) remained flat at $$3.55 during trading hours on Thursday. The company had a trading volume of 2,332 shares, compared to its average volume of 6,074. RELM Wireless Co. has a 1-year low of $3.40 and a 1-year high of $5.55. The company has a market cap of $50.53, a price-to-earnings ratio of 58.33 and a beta of 0.67.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Friday, December 29th. RELM Wireless’s dividend payout ratio is 133.33%.

A hedge fund recently raised its stake in RELM Wireless stock. Dimensional Fund Advisors LP lifted its holdings in shares of RELM Wireless Co. (NYSEAMERICAN:RWC) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322,254 shares of the company’s stock after buying an additional 3,260 shares during the quarter. Dimensional Fund Advisors LP owned about 2.34% of RELM Wireless worth $1,225,000 at the end of the most recent quarter.

Separately, BidaskClub upgraded shares of RELM Wireless from a “sell” rating to a “hold” rating in a research report on Saturday, November 4th.

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About RELM Wireless

RELM Wireless Corporation (RELM) provides two-way radio communications equipment. RELM designs, manufactures and markets wireless communications products consisting of two-way land mobile radios, repeaters, base stations, and related components and subsystems. Two-way land mobile radios include units that are hand-held (portable) or installed in vehicles (mobile).

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