|Day's Range||16.91 - 17.05|
|52 Week Range||15.54 - 19.16|
|PE Ratio (TTM)||8.77|
|Earnings Date||May 11, 2017 - May 12, 2017|
|Dividend & Yield||0.40 (2.38%)|
|1y Target Est||21.50|
Q1 2017 Owens Realty Mortgage Inc Earnings Call
SEATTLE, June 22, 2017 /PRNewswire/ -- Freestone Capital Management, LLC, together with its affiliates ("Freestone"), a long-term stockholder and the largest stockholder of Owens Realty Mortgage, Inc. ("ORM" or the "Company") (NYSE MKT: ORM) today commented on the results of the Company's 2017 Annual Meeting of Stockholders (the "Annual Meeting"), highlighting the fact that holders of only 33% of the Company's outstanding shares supported the Company's Board nominee, Gary C. Wallace. Freestone believes that the 67% of stockholders that did not vote for Gary Wallace are registering their displeasure with the continuation of the failed business model that serves to enrich management at the expense of stockholders. Freestone calls on the Board of Directors to abandon that flawed strategy and finally act upon their fiduciary duty to stockholders and liquidate the Company to maximize value for stockholders.
WALNUT CREEK, Calif., June 15, 2017 /PRNewswire/ -- Owens Realty Mortgage, Inc. (NYSE MKT: ORM) (the "Company") today announced that it has issued a letter in response to Freestone Capital Management's June 1, 2017 open letter to the Company's Chairman and Board of Directors. On behalf of the Board of Directors of Owens Realty Mortgage, Inc. (the "Company"), I am writing in response to your letter of June 1, 2017. We value the constructive conversations we have held with you over the years and appreciate your continued feedback, perspective and interest in the Company. Considering our longstanding history of respectful engagement with you, we were surprised to see your concerns aired in a public letter without first giving us an opportunity to discuss these matters with you privately. We remain open to continuing an ongoing engagement with you, just like with any of our other stockholders. However, in light of the numerous misleading and inaccurate statements and statistics in your public letter, we feel compelled to set the record straight.