Robert G. Wolfe Acquires 7,970 Shares of Red Lion Hotels Corporation (RLH) Stock

Red Lion Hotels Corporation (NYSE:RLH) Director Robert G. Wolfe bought 7,970 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was bought at an average cost of $6.72 per share, for a total transaction of $53,558.40. Following the completion of the transaction, the director now directly owns 46,926 shares of the company’s stock, valued at $315,342.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Red Lion Hotels Corporation (NYSE:RLH) traded down 4.62% on Friday, hitting $6.20. The stock had a trading volume of 87,332 shares. The firm has a 50 day moving average price of $6.51 and a 200-day moving average price of $7.41. The company’s market cap is $145.95 million. Red Lion Hotels Corporation has a 52 week low of $6.18 and a 52 week high of $9.40.

Red Lion Hotels Corporation (NYSE:RLH) last issued its quarterly earnings data on Monday, May 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.08. Red Lion Hotels Corporation had a negative return on equity of 1.91% and a negative net margin of 2.03%. The firm had revenue of $39.96 million during the quarter, compared to the consensus estimate of $42.23 million. Analysts anticipate that Red Lion Hotels Corporation will post ($0.20) EPS for the current year.

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RLH has been the topic of several analyst reports. Zacks Investment Research raised Red Lion Hotels Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, March 16th. TheStreet lowered Red Lion Hotels Corporation from a “c” rating to a “d+” rating in a report on Tuesday, March 7th. Finally, B. Riley reissued a “buy” rating and set a $12.50 price target on shares of Red Lion Hotels Corporation in a report on Friday, May 12th.

Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Red Lion Hotels Corporation by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,743,770 shares of the company’s stock worth $12,294,000 after buying an additional 23,720 shares during the last quarter. Wellington Management Group LLP increased its stake in Red Lion Hotels Corporation by 0.9% in the first quarter. Wellington Management Group LLP now owns 721,743 shares of the company’s stock worth $5,088,000 after buying an additional 6,100 shares during the last quarter. First Washington CORP increased its stake in Red Lion Hotels Corporation by 28.5% in the third quarter. First Washington CORP now owns 689,995 shares of the company’s stock worth $5,755,000 after buying an additional 153,095 shares during the last quarter. ARS Investment Partners LLC purchased a new stake in Red Lion Hotels Corporation during the fourth quarter worth $5,415,000. Finally, Vanguard Group Inc. increased its stake in Red Lion Hotels Corporation by 1.9% in the first quarter. Vanguard Group Inc. now owns 535,679 shares of the company’s stock worth $3,776,000 after buying an additional 9,796 shares during the last quarter. Institutional investors own 63.19% of the company’s stock.

About Red Lion Hotels Corporation

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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