DDD Partners Discloses 5.6% Stake in Richardson Electronics
Ticker: RELL · Form: SC 13G · Filed: Jan 31, 2024 · CIK: 355948
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, stake-disclosure, SC-13G
TL;DR
**DDD Partners just bought 5.6% of RELL, watch for potential stock movement.**
AI Summary
DDD Partners, LLC, operating as Tschetter Group, has reported a significant stake in Richardson Electronics, Ltd. (RELL), holding 686,167 shares of common stock as of December 31, 2023. This represents 5.6% of the company's outstanding shares, making DDD Partners a notable institutional investor. This matters to shareholders because a new substantial investor could signal confidence in RELL's future or potentially influence corporate decisions.
Why It Matters
A new institutional investor taking a significant stake can be seen as a vote of confidence, potentially attracting more investor interest and influencing the stock price.
Risk Assessment
Risk Level: low — This filing indicates a new institutional investor, which is generally a positive or neutral event for existing shareholders.
Analyst Insight
Investors should monitor Richardson Electronics (RELL) for any further announcements or changes in DDD Partners' stake, as well as any potential engagement between the two entities. This could signal a positive outlook or potential strategic shifts.
Key Numbers
- 686,167 — Shares Beneficially Owned (The total number of Richardson Electronics shares DDD Partners, LLC holds.)
- 5.6% — Percentage of Class (The percentage of Richardson Electronics' common stock owned by DDD Partners, LLC.)
- December 31, 2023 — Date of Event (The date on which DDD Partners, LLC's ownership reached the threshold requiring this filing.)
Key Players & Entities
- DDD Partners, LLC (company) — reporting person, now a significant shareholder in Richardson Electronics, Ltd.
- Richardson Electronics, Ltd. (company) — the subject company in which DDD Partners, LLC has acquired a stake
- Tschetter Group (company) — dba (doing business as) name for DDD Partners, LLC
- Washington, US (person) — place of organization for DDD Partners, LLC
Forward-Looking Statements
- Richardson Electronics' stock price may see increased attention due to a new institutional investor. (Richardson Electronics, Ltd.) — medium confidence, target: Q1 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is DDD Partners, LLC, which also operates under the name Tschetter Group, as stated in the 'Names of Reporting Persons' section.
What is the CUSIP number for Richardson Electronics, Ltd. common stock?
The CUSIP number for Richardson Electronics, Ltd. common stock is 763165107, as listed under 'Title of Class of Securities'.
How many shares of Richardson Electronics, Ltd. does DDD Partners, LLC beneficially own?
DDD Partners, LLC beneficially owns an aggregate of 686,167 shares of Richardson Electronics, Ltd., as indicated in 'Aggregate Amount Beneficially Owned by Each Reporting Person'.
What percentage of Richardson Electronics, Ltd.'s common stock does DDD Partners, LLC own?
DDD Partners, LLC owns 5.6% of Richardson Electronics, Ltd.'s common stock, as stated in the filing's summary table.
When was the event date that triggered this SC 13G filing?
The event date that triggered this filing was December 31, 2023, as specified under 'Date of Event which Requires Filing of this Statement'.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 31, 2024 by Washington, US regarding RICHARDSON ELECTRONICS, LTD. (RELL).