Mesirow Financial Investment Management Inc. Acquires New Stake in Red Lion Hotels Co. (RLH)

Mesirow Financial Investment Management Inc. acquired a new position in Red Lion Hotels Co. (NYSE:RLH) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 45,368 shares of the company’s stock, valued at approximately $447,000. Red Lion Hotels makes up 2.0% of Mesirow Financial Investment Management Inc.’s holdings, making the stock its 19th largest holding.

Several other hedge funds have also modified their holdings of the stock. Citigroup Inc. raised its position in Red Lion Hotels by 8,341.0% during the second quarter. Citigroup Inc. now owns 15,025 shares of the company’s stock valued at $110,000 after purchasing an additional 14,847 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Red Lion Hotels by 52.4% during the second quarter. Rhumbline Advisers now owns 16,806 shares of the company’s stock valued at $124,000 after buying an additional 5,780 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of Red Lion Hotels by 7.0% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 19,900 shares of the company’s stock valued at $146,000 after buying an additional 1,300 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Red Lion Hotels by 11.2% during the second quarter. Teachers Advisors LLC now owns 29,381 shares of the company’s stock valued at $216,000 after buying an additional 2,963 shares during the last quarter. Finally, Nationwide Fund Advisors grew its stake in shares of Red Lion Hotels by 240.2% during the second quarter. Nationwide Fund Advisors now owns 31,078 shares of the company’s stock valued at $228,000 after buying an additional 21,943 shares during the last quarter. Institutional investors own 66.84% of the company’s stock.

Red Lion Hotels Co. (NYSE:RLH) opened at $10.15 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.35 and a current ratio of 1.36. The stock has a market capitalization of $239.80, a PE ratio of -56.39 and a beta of 0.77. Red Lion Hotels Co. has a 12 month low of $6.15 and a 12 month high of $10.15.

Red Lion Hotels (NYSE:RLH) last posted its earnings results on Thursday, November 2nd. The company reported $0.18 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. The company had revenue of $51.02 million for the quarter, compared to analysts’ expectations of $50.69 million. Red Lion Hotels had a negative return on equity of 2.53% and a negative net margin of 1.81%. sell-side analysts anticipate that Red Lion Hotels Co. will post -0.2 EPS for the current fiscal year.

A number of research analysts have recently issued reports on RLH shares. Zacks Investment Research raised Red Lion Hotels from a “sell” rating to a “hold” rating in a research note on Wednesday, December 13th. B. Riley reaffirmed a “buy” rating and set a $13.75 price objective on shares of Red Lion Hotels in a research note on Wednesday, December 20th. Finally, ValuEngine raised Red Lion Hotels from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th.

In related news, Director Pacific Opportunity F. Columbia sold 300,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $8.30, for a total value of $2,490,000.00. Following the sale, the director now directly owns 1,510,105 shares of the company’s stock, valued at $12,533,871.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas L. Mckeirnan sold 22,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $9.22, for a total value of $202,840.00. The disclosure for this sale can be found here. 14.70% of the stock is owned by company insiders.

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About Red Lion Hotels

Red Lion Hotels Corporation (RLHC) is a hospitality and leisure company. The Company is engaged in the franchising, management and ownership of hotels under the brands, including Hotel RL, Red Lion Hotel, Red Lion Inn & Suites, GuestHouse and Settle Inn & Suites (collectively the RLHC Brands). The RLHC brands represent upscale, midscale and economy hotels.

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Institutional Ownership by Quarter for Red Lion Hotels (NYSE:RLH)

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