InterGroup Corp (NASDAQ:INTG) Major Shareholder Acquires $37,440.00 in Stock

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InterGroup Corp (NASDAQ:INTG) major shareholder Corp Intergroup bought 1,040 shares of the firm’s stock in a transaction on Friday, June 26th. The shares were bought at an average price of $36.00 per share, for a total transaction of $37,440.00. Following the completion of the transaction, the insider now directly owns 99,602 shares in the company, valued at approximately $3,585,672. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Corp Intergroup also recently made the following trade(s):

  • On Friday, June 19th, Corp Intergroup purchased 500 shares of InterGroup stock. The stock was bought at an average price of $29.20 per share, with a total value of $14,600.00.

INTG stock opened at $26.50 on Wednesday. The firm has a 50 day moving average of $27.28 and a 200-day moving average of $31.44. The company has a market cap of $60.66 million, a price-to-earnings ratio of 11.04 and a beta of 0.43. InterGroup Corp has a 12-month low of $23.85 and a 12-month high of $38.60.

Separately, TheStreet downgraded shares of InterGroup from a “c-” rating to a “d” rating in a report on Wednesday, June 24th.

An institutional investor recently raised its position in InterGroup stock. Wedbush Securities Inc. boosted its position in shares of InterGroup Corp (NASDAQ:INTG) by 7.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 48,541 shares of the financial services provider’s stock after purchasing an additional 3,541 shares during the quarter. Wedbush Securities Inc. owned approximately 2.11% of InterGroup worth $1,408,000 at the end of the most recent reporting period. 8.53% of the stock is owned by institutional investors and hedge funds.

About InterGroup

The InterGroup Corporation, through its subsidiaries, operates a hotel under the Hilton San Francisco Financial District name located in San Francisco, California. It operates through three segments: Hotel Operations, Real Estate Operations, and Investment Transactions. The company's hotel consists of 544 guest rooms and luxury suites with approximately 22,000 square feet of meeting room space, grand ballroom, five level underground parking garage, pedestrian bridge, and Chinese culture center.

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