Aigen Investment Management LP Takes $149,000 Position in Paramount Group, Inc. (NYSE:PGRE)

Aigen Investment Management LP purchased a new stake in shares of Paramount Group, Inc. (NYSE:PGRE) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 30,303 shares of the financial services provider’s stock, valued at approximately $149,000.

Other large investors have also recently modified their holdings of the company. GSA Capital Partners LLP increased its position in shares of Paramount Group by 390.4% during the third quarter. GSA Capital Partners LLP now owns 181,561 shares of the financial services provider’s stock worth $893,000 after buying an additional 144,539 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of Paramount Group during the third quarter worth $106,000. Asset Management One Co. Ltd. increased its position in shares of Paramount Group by 7.5% during the third quarter. Asset Management One Co. Ltd. now owns 257,029 shares of the financial services provider’s stock worth $1,265,000 after buying an additional 18,005 shares during the period. Ground Swell Capital LLC acquired a new stake in shares of Paramount Group during the third quarter worth $67,000. Finally, Van ECK Associates Corp increased its position in shares of Paramount Group by 9.5% during the third quarter. Van ECK Associates Corp now owns 36,906 shares of the financial services provider’s stock worth $190,000 after buying an additional 3,187 shares during the period. Institutional investors own 65.64% of the company’s stock.

Analyst Ratings Changes

Separately, Wells Fargo & Company increased their price objective on shares of Paramount Group from $3.50 to $4.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 11th.

Paramount Group Trading Down 4.2 %

NYSE:PGRE opened at $4.82 on Monday. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -4.92 and a beta of 1.25. The firm has a fifty day simple moving average of $5.03 and a two-hundred day simple moving average of $4.88. Paramount Group, Inc. has a 12 month low of $4.21 and a 12 month high of $5.92.

Paramount Group Company Profile

Paramount Group, Inc (“Paramount” or the “Company”) is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.