Ira Sochet Buys 1,719 Shares of Otelco Inc (NASDAQ:OTEL) Stock

Otelco Inc (NASDAQ:OTEL) major shareholder Ira Sochet bought 1,719 shares of the stock in a transaction dated Monday, July 29th. The stock was purchased at an average cost of $14.73 per share, for a total transaction of $25,320.87. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, July 24th, Ira Sochet bought 1,275 shares of Otelco stock. The stock was purchased at an average cost of $14.74 per share, for a total transaction of $18,793.50.
  • On Friday, July 26th, Ira Sochet bought 9,473 shares of Otelco stock. The stock was purchased at an average cost of $14.79 per share, for a total transaction of $140,105.67.
  • On Thursday, July 18th, Ira Sochet bought 22,497 shares of Otelco stock. The stock was purchased at an average cost of $14.66 per share, for a total transaction of $329,806.02.
  • On Friday, July 12th, Ira Sochet bought 1,100 shares of Otelco stock. The stock was purchased at an average cost of $14.65 per share, for a total transaction of $16,115.00.
  • On Monday, July 15th, Ira Sochet bought 4,874 shares of Otelco stock. The stock was purchased at an average cost of $14.53 per share, for a total transaction of $70,819.22.
  • On Friday, June 7th, Ira Sochet bought 67,211 shares of Otelco stock. The stock was purchased at an average cost of $15.95 per share, for a total transaction of $1,072,015.45.
  • On Monday, May 20th, Ira Sochet bought 8,000 shares of Otelco stock. The stock was purchased at an average cost of $15.50 per share, for a total transaction of $124,000.00.
  • On Wednesday, May 22nd, Ira Sochet bought 27,941 shares of Otelco stock. The stock was purchased at an average cost of $15.32 per share, for a total transaction of $428,056.12.
  • On Wednesday, May 8th, Ira Sochet bought 1,343 shares of Otelco stock. The stock was purchased at an average cost of $17.60 per share, for a total transaction of $23,636.80.
  • On Thursday, May 2nd, Ira Sochet bought 5,819 shares of Otelco stock. The stock was purchased at an average cost of $17.36 per share, for a total transaction of $101,017.84.

NASDAQ OTEL traded down $0.07 on Tuesday, hitting $14.68. 9,286 shares of the company were exchanged, compared to its average volume of 8,046. The firm’s 50 day simple moving average is $15.18. The company has a market cap of $50.74 million, a P/E ratio of 5.26 and a beta of 0.72. The company has a current ratio of 1.31, a quick ratio of 1.02 and a debt-to-equity ratio of 5.26. Otelco Inc has a 1-year low of $14.37 and a 1-year high of $18.31.

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

An institutional investor recently raised its position in Otelco stock. LSV Asset Management increased its stake in shares of Otelco Inc (NASDAQ:OTEL) by 14.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,700 shares of the company’s stock after buying an additional 2,200 shares during the period. LSV Asset Management owned 0.52% of Otelco worth $290,000 at the end of the most recent quarter. 11.07% of the stock is currently owned by hedge funds and other institutional investors.

Otelco Company Profile

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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Insider Buying and Selling by Quarter for Otelco (NASDAQ:OTEL)

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