Otelco Inc (NASDAQ:OTEL) Major Shareholder Purchases $18,793.50 in Stock

Otelco Inc (NASDAQ:OTEL) major shareholder Ira Sochet bought 1,275 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The stock was bought at an average price of $14.74 per share, with a total value of $18,793.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Ira Sochet also recently made the following trade(s):

  • On Friday, July 26th, Ira Sochet acquired 9,473 shares of Otelco stock. The shares were acquired at an average price of $14.79 per share, with a total value of $140,105.67.
  • On Thursday, July 18th, Ira Sochet acquired 22,497 shares of Otelco stock. The shares were acquired at an average price of $14.66 per share, with a total value of $329,806.02.
  • On Friday, July 12th, Ira Sochet acquired 1,100 shares of Otelco stock. The shares were acquired at an average price of $14.65 per share, with a total value of $16,115.00.
  • On Monday, July 15th, Ira Sochet acquired 4,874 shares of Otelco stock. The shares were acquired at an average price of $14.53 per share, with a total value of $70,819.22.
  • On Friday, June 7th, Ira Sochet acquired 67,211 shares of Otelco stock. The shares were acquired at an average price of $15.95 per share, with a total value of $1,072,015.45.
  • On Monday, May 20th, Ira Sochet acquired 8,000 shares of Otelco stock. The shares were acquired at an average price of $15.50 per share, with a total value of $124,000.00.
  • On Wednesday, May 22nd, Ira Sochet acquired 27,941 shares of Otelco stock. The shares were acquired at an average price of $15.32 per share, with a total value of $428,056.12.
  • On Wednesday, May 8th, Ira Sochet acquired 1,343 shares of Otelco stock. The shares were acquired at an average price of $17.60 per share, with a total value of $23,636.80.
  • On Tuesday, April 30th, Ira Sochet acquired 5,021 shares of Otelco stock. The shares were acquired at an average price of $17.35 per share, with a total value of $87,114.35.
  • On Thursday, May 2nd, Ira Sochet acquired 5,819 shares of Otelco stock. The shares were acquired at an average price of $17.36 per share, with a total value of $101,017.84.

NASDAQ:OTEL opened at $14.88 on Monday. Otelco Inc has a twelve month low of $14.37 and a twelve month high of $18.31. The company has a debt-to-equity ratio of 5.26, a quick ratio of 1.02 and a current ratio of 1.31. The firm’s 50-day simple moving average is $15.26. The company has a market cap of $50.74 million, a price-to-earnings ratio of 5.26 and a beta of 0.72.

Otelco (NASDAQ:OTEL) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.66 earnings per share for the quarter. Otelco had a net margin of 14.98% and a return on equity of 100.76%. The company had revenue of $15.76 million during the quarter.

A hedge fund recently bought a new stake in Otelco stock. Raymond James Financial Services Advisors Inc. bought a new position in Otelco Inc (NASDAQ:OTEL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,530 shares of the company’s stock, valued at approximately $283,000. Raymond James Financial Services Advisors Inc. owned 0.52% of Otelco at the end of the most recent reporting period. Institutional investors and hedge funds own 11.07% of the company’s stock.

About Otelco

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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