Otelco Inc (NASDAQ:OTEL) Director Gary L. Sugarman Buys 680 Shares

Otelco Inc (NASDAQ:OTEL) Director Gary L. Sugarman bought 680 shares of the stock in a transaction dated Wednesday, March 14th. The stock was purchased at an average cost of $14.73 per share, for a total transaction of $10,016.40. Following the acquisition, the director now owns 8,993 shares of the company’s stock, valued at $132,466.89. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

OTEL stock opened at $15.90 on Friday. Otelco Inc has a 52 week low of $6.50 and a 52 week high of $17.75. The stock has a market cap of $53.87, a P/E ratio of 10.82 and a beta of 0.51. The company has a current ratio of 1.32, a quick ratio of 1.10 and a debt-to-equity ratio of 53.37.

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Otelco (NASDAQ:OTEL) last announced its quarterly earnings results on Monday, March 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $16.79 million for the quarter. Otelco had a net margin of 17.68% and a negative return on equity of 94.93%.

Large investors have recently bought and sold shares of the company. Weber Alan W acquired a new position in shares of Otelco in the fourth quarter valued at approximately $125,000. Yacktman Asset Management LP acquired a new position in Otelco during the fourth quarter worth approximately $454,000. Meitav Dash Investments Ltd. acquired a new position in Otelco during the fourth quarter worth approximately $824,000. Finally, Wedbush Securities Inc. increased its position in Otelco by 4.1% during the fourth quarter. Wedbush Securities Inc. now owns 126,993 shares of the technology company’s stock worth $1,695,000 after purchasing an additional 5,000 shares during the last quarter. 15.12% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine raised shares of Otelco from a “sell” rating to a “hold” rating in a report on Sunday, December 31st.

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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.

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

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