InterGroup Corp (NASDAQ:INTG) major shareholder Corp Intergroup purchased 300 shares of the stock in a transaction dated Friday, September 27th. The shares were purchased at an average cost of $37.50 per share, for a total transaction of $11,250.00. Following the completion of the acquisition, the insider now directly owns 1,022,170 shares in the company, valued at $38,331,375. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Corp Intergroup also recently made the following trade(s):
- On Wednesday, September 18th, Corp Intergroup bought 500 shares of InterGroup stock. The stock was bought at an average cost of $37.00 per share, for a total transaction of $18,500.00.
- On Friday, September 13th, Corp Intergroup bought 400 shares of InterGroup stock. The stock was bought at an average cost of $37.00 per share, for a total transaction of $14,800.00.
- On Friday, September 6th, Corp Intergroup bought 100 shares of InterGroup stock. The stock was bought at an average cost of $37.00 per share, for a total transaction of $3,700.00.
- On Wednesday, September 4th, Corp Intergroup bought 700 shares of InterGroup stock. The stock was bought at an average cost of $35.71 per share, for a total transaction of $24,997.00.
InterGroup stock traded up $0.26 during trading on Monday, reaching $30.01. The company had a trading volume of 102 shares, compared to its average volume of 1,718. InterGroup Corp has a 52 week low of $28.89 and a 52 week high of $36.10. The firm’s 50-day simple moving average is $29.47 and its 200 day simple moving average is $30.42. The firm has a market capitalization of $68.72 million, a price-to-earnings ratio of 12.40 and a beta of 0.20.
A hedge fund recently raised its stake in InterGroup stock. Vanguard Group Inc. increased its stake in InterGroup Corp (NASDAQ:INTG) by 6.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,686 shares of the financial services provider’s stock after purchasing an additional 700 shares during the quarter. Vanguard Group Inc. owned approximately 0.50% of InterGroup worth $357,000 at the end of the most recent quarter. 10.16% of the stock is currently owned by institutional investors.
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.
See Also: Diversification
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