ALJ Regional (ALJJ) Stock Rating Lowered by TheStreet

TheStreet cut shares of ALJ Regional (NASDAQ:ALJJ) from a c- rating to a d+ rating in a report issued on Tuesday.

Shares of ALJ Regional opened at $1.59 on Tuesday, Marketbeat reports. The company has a quick ratio of 1.23, a current ratio of 1.42 and a debt-to-equity ratio of 0.97. ALJ Regional has a 1 year low of $1.42 and a 1 year high of $3.75. The firm has a market cap of $58.40 million, a price-to-earnings ratio of 51.33 and a beta of 1.69.

In other ALJ Regional news, insider Jess M. Ravich purchased 72,821 shares of ALJ Regional stock in a transaction on Friday, March 16th. The stock was bought at an average price of $2.09 per share, for a total transaction of $152,195.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 47.82% of the company’s stock.

A number of hedge funds have recently made changes to their positions in ALJJ. Cove Street Capital LLC boosted its position in ALJ Regional by 69.0% during the 4th quarter. Cove Street Capital LLC now owns 780,300 shares of the basic materials company’s stock worth $2,458,000 after acquiring an additional 318,471 shares during the period. Monarch Partners Asset Management LLC boosted its position in ALJ Regional by 42.8% during the 1st quarter. Monarch Partners Asset Management LLC now owns 167,090 shares of the basic materials company’s stock worth $351,000 after acquiring an additional 50,110 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in ALJ Regional by 66.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 139,117 shares of the basic materials company’s stock worth $292,000 after acquiring an additional 55,658 shares during the period. Institutional investors own 6.33% of the company’s stock.

ALJ Regional Company Profile

ALJ Regional Holdings, Inc provides call center, back office, staffing, and toll collection services to government and commercial clients in the healthcare, utility, toll, and transportation industries in the United States. It operates through three segments: Faneuil, Carpets, and Phoenix. The Faneuil segment offers customer contact centers, fulfillment operations, and information technology services, as well as manual and electronic toll collection, violation processing, and medical device tracking services.

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