First Washington CORP Lowers Holdings in Red Lion Hotels Co. (RLH)
First Washington CORP lowered its holdings in shares of Red Lion Hotels Co. (NYSE:RLH) by 15.5% in the 4th quarter, Holdings Channel reports. The firm owned 521,666 shares of the company’s stock after selling 95,894 shares during the quarter. Red Lion Hotels comprises 2.4% of First Washington CORP’s portfolio, making the stock its 11th largest holding. First Washington CORP’s holdings in Red Lion Hotels were worth $5,138,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Segall Bryant & Hamill LLC purchased a new stake in shares of Red Lion Hotels in the third quarter valued at $1,306,000. Nationwide Fund Advisors raised its stake in shares of Red Lion Hotels by 71.3% in the third quarter. Nationwide Fund Advisors now owns 53,223 shares of the company’s stock valued at $460,000 after acquiring an additional 22,145 shares during the period. Vanguard Group Inc. raised its stake in shares of Red Lion Hotels by 2.3% in the second quarter. Vanguard Group Inc. now owns 548,140 shares of the company’s stock valued at $4,029,000 after acquiring an additional 12,461 shares during the period. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Red Lion Hotels in the fourth quarter valued at $447,000. Finally, Eidelman Virant Capital raised its stake in shares of Red Lion Hotels by 7.0% in the third quarter. Eidelman Virant Capital now owns 1,315,981 shares of the company’s stock valued at $11,383,000 after acquiring an additional 86,000 shares during the period. 67.05% of the stock is currently owned by institutional investors and hedge funds.
Shares of Red Lion Hotels Co. (RLH) opened at $10.45 on Monday. Red Lion Hotels Co. has a 12 month low of $6.15 and a 12 month high of $11.70. The company has a current ratio of 1.36, a quick ratio of 1.35 and a debt-to-equity ratio of 0.46.
In other Red Lion Hotels news, Director Pacific Opportunity F. Columbia sold 300,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $8.30, for a total transaction of $2,490,000.00. Following the transaction, the director now owns 1,510,105 shares of the company’s stock, valued at approximately $12,533,871.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $9.22, for a total transaction of $202,840.00. The disclosure for this sale can be found here. Company insiders own 14.70% of the company’s stock.
Red Lion Hotels Profile
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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