<SEC-DOCUMENT>0001398344-25-015578.txt : 20250814
<SEC-HEADER>0001398344-25-015578.hdr.sgml : 20250814
<ACCEPTANCE-DATETIME>20250814144216
ACCESSION NUMBER:		0001398344-25-015578
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250814
DATE AS OF CHANGE:		20250814

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			R F INDUSTRIES LTD
		CENTRAL INDEX KEY:			0000740664
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC CONNECTORS [3678]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				880168936
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-36926
		FILM NUMBER:		251217667

	BUSINESS ADDRESS:	
		STREET 1:		16868 VIA DEL CAMPO COURT, SUITE 200
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92127
		BUSINESS PHONE:		858-549-6340

	MAIL ADDRESS:	
		STREET 1:		16868 VIA DEL CAMPO COURT, SUITE 200
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92127

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CELLTRONICS INC
		DATE OF NAME CHANGE:	19910204

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
		CENTRAL INDEX KEY:			0001238990
		ORGANIZATION NAME:           	
		EIN:				820566501
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		7701 FRANCE AVE. SOUTH
		STREET 2:		SUITE 300
		CITY:			EDINA
		STATE:			MN
		ZIP:			55435
		BUSINESS PHONE:		9522244350

	MAIL ADDRESS:	
		STREET 1:		7701 FRANCE AVE. SOUTH
		STREET 2:		SUITE 300
		CITY:			EDINA
		STATE:			MN
		ZIP:			55435

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BRIDGEWATER CAPITAL ADVISORS INC
		DATE OF NAME CHANGE:	20030605
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0001398344-25-009462</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. -->
          <cik>0001238990</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>4</amendmentNo>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>06/30/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0000740664</issuerCik>
        <issuerName>RF Industries LTD</issuerName>
        <issuerCusip>749552105</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>16868 VIA DEL CAMPO COURT</com:street1>
          <com:street2>SUITE 200</com:street2>
          <com:city>SAN DIEGO</com:city>
          <com:stateOrCountry>CA</com:stateOrCountry>
          <com:zipCode>92127</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Punch &amp; Associates Investment Management, Inc.</reportingPersonName>
      <citizenshipOrOrganization>MN</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>810859.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>810859.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>810859.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>7.6</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>RF Industries LTD</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>16868 VIA DEL CAMPO COURT, SUITE 200, SAN DIEGO, CA 92127</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Punch &amp; Associates Investment Management, Inc.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>7701 France Ave. So., Suite 300
Edina, MN  55435</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Minnesota</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>810859</amountBeneficiallyOwned>
        <classPercent>7.60%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>810859</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>810859</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
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      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Punch &amp; Associates Investment Management, Inc.</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Howard D. Punch, Jr.</signature>
        <title>Howard D. Punch, Jr./Chief Investment Officer</title>
        <date>07/07/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
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</SEC-DOCUMENT>
