Denali Advisors LLC Raises Position in Relx Plc (NYSE:RELX)

Denali Advisors LLC raised its holdings in shares of Relx Plc (NYSE:RELX) by 3.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,926 shares of the technology company’s stock after acquiring an additional 557 shares during the period. Denali Advisors LLC’s holdings in Relx were worth $723,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its stake in Relx by 5.4% in the 4th quarter. Bank of New York Mellon Corp now owns 248,626 shares of the technology company’s stock worth $11,293,000 after buying an additional 12,841 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Relx by 330.7% during the 4th quarter. IFP Advisors Inc now owns 3,769 shares of the technology company’s stock worth $171,000 after acquiring an additional 2,894 shares during the last quarter. Paradigm Asset Management Co. LLC grew its position in Relx by 17.1% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 81,600 shares of the technology company’s stock worth $3,706,000 after acquiring an additional 11,900 shares in the last quarter. Wealth Alliance increased its stake in Relx by 4.9% in the fourth quarter. Wealth Alliance now owns 10,430 shares of the technology company’s stock valued at $474,000 after acquiring an additional 491 shares during the last quarter. Finally, Ieq Capital LLC raised its position in Relx by 23.9% during the fourth quarter. Ieq Capital LLC now owns 11,120 shares of the technology company’s stock valued at $505,000 after purchasing an additional 2,146 shares in the last quarter. 15.02% of the stock is currently owned by institutional investors.

Relx Stock Performance

Relx stock opened at $48.23 on Thursday. The firm has a fifty day simple moving average of $48.27 and a two-hundred day simple moving average of $47.42. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46. Relx Plc has a twelve month low of $40.25 and a twelve month high of $51.99. The company has a market capitalization of $89.63 billion, a PE ratio of 25.93, a P/E/G ratio of 2.73 and a beta of 0.90.

Relx Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 9th will be paid a $0.5586 dividend. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 9th. This is a positive change from Relx’s previous semi-annual dividend of $0.23. Relx’s payout ratio is 59.68%.

Wall Street Analysts Forecast Growth

RELX has been the subject of a number of research reports. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Redburn Atlantic started coverage on Relx in a research note on Wednesday, January 8th. They issued a “buy” rating for the company.

About Relx

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.