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Mark Holdsworth, a director at RF Industries Ltd (NASDAQ:RFIL), recently acquired a total of 15,000 shares of the company’s common stock. The transactions, which took place on March 27, 2025, were executed at prices ranging from $4.679 to $4.741 per share, amounting to a total investment of $70,805. The purchase comes as the stock has shown strong momentum, delivering a 51% return over the past year and nearly 20% year-to-date, according to InvestingPro data.
Following these purchases, Holdsworth’s direct ownership in the company increased to 106,953 shares. Additionally, he holds indirect ownership of 60,218 shares through the Holdsworth Family Living Trust and 710,088 shares through THG Securities Fund, L.P.
These transactions reflect Holdsworth’s continued investment in RF Industries, a company specializing in electronic connectors, headquartered in San Diego, California.
In other recent news, RF Industries Ltd reported a notable improvement in its Q1 FY2025 earnings, with net sales reaching $19.2 million, a 42.7% increase from the previous year. The company achieved earnings per share of $0.04, meeting analyst expectations, and improved its gross profit margin to 29.8%, up from 24.5% last year. Operating income saw a turnaround with $56,000, compared to a loss of $2.1 million the previous year. The company also reported an adjusted EBITDA of $867,000, a significant improvement from a loss of $1.1 million last year. Additionally, RF Industries secured a major interconnect opportunity in the aerospace market, illustrating its expanding customer base. Analysts from firms like B. Riley expressed interest in the company’s strategic shift towards integrated solutions and its impact on gross margins. The company anticipates continued revenue growth throughout FY2025, with a current backlog of approximately $15 million.
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