Otelco Inc (NASDAQ:OTEL) major shareholder Ira Sochet bought 1,678 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was purchased at an average cost of $14.13 per share, with a total value of $23,710.14. Following the transaction, the insider now directly owns 676,196 shares in the company, valued at approximately $9,554,649.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Ira Sochet also recently made the following trade(s):
- On Wednesday, February 7th, Ira Sochet bought 25,778 shares of Otelco stock. The stock was purchased at an average cost of $14.11 per share, with a total value of $363,727.58.
- On Tuesday, November 21st, Ira Sochet bought 287,366 shares of Otelco stock. The stock was purchased at an average cost of $11.95 per share, with a total value of $3,434,023.70.
- On Monday, November 27th, Ira Sochet bought 289,076 shares of Otelco stock. The stock was purchased at an average cost of $11.94 per share, with a total value of $3,451,567.44.
Otelco Inc (NASDAQ:OTEL) opened at $14.25 on Thursday. Otelco Inc has a 52-week low of $5.70 and a 52-week high of $15.50. The company has a debt-to-equity ratio of -13.79, a quick ratio of 1.48 and a current ratio of 1.73. The firm has a market capitalization of $47.19, a P/E ratio of 8.69 and a beta of 0.53.
An institutional investor recently bought a new position in Otelco stock. Yacktman Asset Management LP acquired a new stake in shares of Otelco Inc (NASDAQ:OTEL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 34,031 shares of the technology company’s stock, valued at approximately $454,000. Yacktman Asset Management LP owned approximately 1.02% of Otelco as of its most recent SEC filing. 12.47% of the stock is owned by institutional investors and hedge funds.
Separately, ValuEngine raised Otelco from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st.
Otelco Company Profile
Otelco Inc provides a range of telecommunications services on a retail and wholesale basis. Otelco Inc, together with its subsidiaries, provides a range of telecommunication services on a retail and wholesale basis. It offers local services, including voice access 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; directory advertising services; and other telephone related services comprising leasing, selling, installing, and maintaining customer premise telecommunications equipment, as well as the publication of local telephone directories and wireline voice telephone services.
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