Ravich Jess M

disclosed that they own 36.6% of ALJ Regional Holdings, Inc. (NASDAQ:ALJJ) in a Schedule 13D disclosure that was filed with the Securities and Exchange Commission on Thursday, October 26th. The investor owns 13,891,266 shares of the stock valued at approximately $49,452,907. The disclosure is available through the SEC website at this link.

Ravich Jess M

provided the following explanation of their ownership:

This Schedule 13D is being filed because the number of Shares beneficially owned by Ravich, including options vesting within the immediately following 60 days, totaled 5% or greater ownership interest in the Issuer as of October 26,2017. On such date, Ravich acquired a restricted stock grant of Shares as compensation for services as Executive Chairman of the Issuer. The information supplied in this Schedule 13D is provided as of October 26,2017.
Except as set forth in this Item 4, the reporting person has no plans or proposals that relate to or would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D.

Other large investors have also recently modified their holdings of the company. Cove Street Capital LLC bought a new position in ALJ Regional Holdings during the 2nd quarter valued at about $1,478,000. Cambridge Investment Research Advisors Inc. bought a new position in ALJ Regional Holdings during the 2nd quarter valued at about $450,000. Advisor Group Inc. grew its holdings in ALJ Regional Holdings by 3,243.7% during the 2nd quarter. Advisor Group Inc. now owns 33,437 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 32,437 shares during the last quarter. Finally, LMR Partners LLP bought a new position in ALJ Regional Holdings in the 2nd quarter worth about $106,000. Institutional investors own 5.75% of the company’s stock.

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Shares of ALJ Regional Holdings, Inc. (ALJJ) traded down 1.11% during midday trading on Thursday, hitting $3.56. 21,648 shares of the stock traded hands. The stock has a 50-day moving average of $3.34 and a 200-day moving average of $3.27. The company has a market cap of $128.31 million, a price-to-earnings ratio of 12.23 and a beta of 1.50. ALJ Regional Holdings, Inc. has a 52-week low of $2.81 and a 52-week high of $4.87.

About ALJ Regional Holdings

ALJ Regional Holdings, Inc is a holding company. The Company’s segments include Faneuil, Inc (Faneuil), Floors-N-More, LLC (Carpets) and Phoenix Color Corp. (Phoenix). The Faneuil segment provides business processing solutions for a client portfolio that includes both commercial and government entities across several verticals, including transportation, government services, utilities and healthcare.

Institutional Ownership by Quarter for ALJ Regional Holdings (NASDAQ:ALJJ)

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