Millennium Management LLC lowered its position in ALJ Regional Holdings, Inc. (NASDAQ:ALJJ) by 47.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,795 shares of the basic materials company’s stock after selling 17,940 shares during the period. Millennium Management LLC’s holdings in ALJ Regional were worth $26,000 at the end of the most recent reporting period.
Separately, Monarch Partners Asset Management LLC grew its holdings in shares of ALJ Regional by 16.4% in the fourth quarter. Monarch Partners Asset Management LLC now owns 249,344 shares of the basic materials company’s stock worth $327,000 after acquiring an additional 35,179 shares during the period. Institutional investors and hedge funds own 7.10% of the company’s stock.
In related news, insider Jess M. Ravich purchased 152,768 shares of the business’s stock in a transaction on Wednesday, February 20th. The stock was acquired at an average price of $1.82 per share, with a total value of $278,037.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jess M. Ravich purchased 21,909 shares of the business’s stock in a transaction on Tuesday, February 26th. The shares were bought at an average cost of $1.98 per share, with a total value of $43,379.82. The disclosure for this purchase can be found here. Insiders own 47.77% of the company’s stock.
Shares of ALJJ opened at $1.58 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.32 and a debt-to-equity ratio of 0.99. ALJ Regional Holdings, Inc. has a one year low of $1.05 and a one year high of $2.26.
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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, consumer goods, toll, and transportation industries in the United States. It operates through three segments: Faneuil, Carpets, and Phoenix.
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