Emmis Communications Corporation (EMMS) Director Sells $30,701.93 in Stock
Emmis Communications Corporation (NASDAQ:EMMS) Director Richard A. Leventhal sold 8,951 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $3.43, for a total transaction of $30,701.93. Following the transaction, the director now owns 88,413 shares of the company’s stock, valued at approximately $303,256.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
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An institutional investor recently raised its position in Emmis Communications Corporation stock. Kennedy Capital Management Inc. lifted its stake in shares of Emmis Communications Corporation (NASDAQ:EMMS) by 1.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,149 shares of the company’s stock after acquiring an additional 1,388 shares during the quarter. Kennedy Capital Management Inc. owned approximately 1.14% of Emmis Communications Corporation worth $408,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 36.01% of the company’s stock.
Emmis Communications Corporation Company Profile
Emmis Communications Corporation is a media company, which focuses on radio broadcasting. The Company operates through three business segments: Radio, Publishing, and Corporate & Emerging Technologies. As of February 29, 2016, the Company owned 19 frequency modulation (FM) and four amplitude modulation (AM) radio stations in New York, Los Angeles, St.
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