Eidelman Virant Capital Lowers stake in Red Lion Hotels Corporation (RLH)

Red Lion Hotels Corporation (RLH) : Eidelman Virant Capital reduced its stake in Red Lion Hotels Corporation by 2.61% during the most recent quarter end. The investment management company now holds a total of 1,394,873 shares of Red Lion Hotels Corporation which is valued at $10.5 Million after selling 37,314 shares in Red Lion Hotels Corporation , the firm said in a disclosure report filed with the SEC on May 11, 2016.Red Lion Hotels Corporation makes up approximately 7.43% of Eidelman Virant Capital’s portfolio.

Other Hedge Funds, Including , Gsa Capital Partners Llp sold out all of its stake in RLH during the most recent quarter. The investment firm sold 17,996 shares of RLH which is valued $135,150.First Washington Corp boosted its stake in RLH in the latest quarter, The investment management firm added 1,400 additional shares and now holds a total of 531,800 shares of Red Lion Hotels Corporation which is valued at $4 Million. Red Lion Hotels Corporation makes up approx 2.41% of First Washington Corp’s portfolio.Russell Frank Co reduced its stake in RLH by selling 35,262 shares or 17.94% in the most recent quarter. The Hedge Fund company now holds 161,260 shares of RLH which is valued at $1.3 Million.

Red Lion Hotels Corporation opened for trading at $7.53 and hit $7.89 on the upside on Monday, eventually ending the session at $7.86, with a gain of 4.66% or 0.35 points. The heightened volatility saw the trading volume jump to 10,673 shares. Company has a market cap of $158 M.

Red Lion Hotels Corporation (RLHC) is a hospitality and leisure company primarily engaged in the management franchising and ownership of hotels under the brands including Hotel RL Red Lion Hotels Red Lion Inns & Suites and Leo Hotel Collection (the Red Lion Brands). The Company operates in three segments: hotels segment franchise segment and entertainment segment. The hotels segment is engaged in guest room rentals and food and beverage operations at its hotels. The franchise segment is engaged primarily in licensing the Red Lion Brands to franchisees. This segment generates revenue from franchise fees that are based on % of room revenues and are charged to hotel owners in exchange for the use of its brands and access to the central services programs. The entertainment segment is involved in the promotion and presentation of entertainment productions under the trade name WestCoast Entertainment and from ticketing services under the trade name TicketsWest.

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