Otelco Inc (NASDAQ:OTEL) Director Stephen Phillip Mccall bought 900 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average cost of $11.60 per share, with a total value of $10,440.00. Following the transaction, the director now directly owns 9,893 shares of the company’s stock, valued at $114,758.80. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Otelco stock traded down $0.01 during mid-day trading on Friday, reaching $11.43. 1 shares of the company traded hands, compared to its average volume of 2,042. The firm’s fifty day moving average is $11.64 and its two-hundred day moving average is $13.80. Otelco Inc has a fifty-two week low of $11.00 and a fifty-two week high of $18.31. The company has a market capitalization of $38.96 million, a price-to-earnings ratio of 4.88 and a beta of 0.81. The company has a debt-to-equity ratio of 3.99, a current ratio of 1.21 and a quick ratio of 0.90.
Otelco (NASDAQ:OTEL) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.50 earnings per share (EPS) for the quarter. Otelco had a net margin of 12.71% and a return on equity of 58.03%. The firm had revenue of $15.66 million for the quarter.
Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Otelco by 13.0% during the second quarter. BlackRock Inc. now owns 9,078 shares of the company’s stock valued at $146,000 after purchasing an additional 1,043 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Otelco by 5.1% during the second quarter. Acadian Asset Management LLC now owns 15,810 shares of the company’s stock valued at $254,000 after purchasing an additional 766 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its holdings in Otelco by 0.8% during the third quarter. Wedbush Securities Inc. now owns 124,536 shares of the company’s stock valued at $1,441,000 after purchasing an additional 1,000 shares in the last quarter. 11.58% of the stock is currently owned by institutional investors and hedge funds.
Otelco Company Profile
Otelco Inc provides a range of telecommunications services on a retail and wholesale basis. The company offers local services, including voice lines that provide local dial tone and calling features, such as caller identification, call waiting, call forwarding, and voicemail; long distance services; billing and collection services for other carriers under contract; and directory advertising services.
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