Insider Selling: Emmis Communications Corporation (EMMS) Director Sells $30,701.93 in Stock

Emmis Communications Corporation (NASDAQ:EMMS) Director Richard A. Leventhal sold 8,951 shares of Emmis Communications Corporation stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $3.43, for a total transaction of $30,701.93. Following the completion of the transaction, the director now owns 88,413 shares in the company, valued at $303,256.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Emmis Communications Corporation (NASDAQ EMMS) traded down $0.04 during midday trading on Friday, reaching $3.37. 32,417 shares of the company’s stock were exchanged, compared to its average volume of 33,677. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $42.82, a price-to-earnings ratio of 2.55 and a beta of 0.73. Emmis Communications Corporation has a one year low of $2.14 and a one year high of $3.87.

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A hedge fund recently raised its stake in Emmis Communications Corporation stock. Kennedy Capital Management Inc. lifted its position in shares of Emmis Communications Corporation (NASDAQ:EMMS) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,149 shares of the company’s stock after acquiring an additional 1,388 shares during the quarter. Kennedy Capital Management Inc. owned 1.14% of Emmis Communications Corporation worth $408,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 36.01% of the company’s stock.

About Emmis Communications Corporation

Emmis Communications Corporation is a media company, which focuses on radio broadcasting. The Company operates through three business segments: Radio, Publishing, and Corporate & Emerging Technologies. As of February 29, 2016, the Company owned 19 frequency modulation (FM) and four amplitude modulation (AM) radio stations in New York, Los Angeles, St.

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