StockNews.com Begins Coverage on The InterGroup (NASDAQ:INTG)

Equities research analysts at StockNews.com assumed coverage on shares of The InterGroup (NASDAQ:INTG) in a research report issued on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

The InterGroup Trading Down 4.5 %

INTG opened at $12.16 on Wednesday. The stock has a fifty day simple moving average of $14.09 and a two-hundred day simple moving average of $16.19. The company has a market cap of $26.36 million, a price-to-earnings ratio of -3.03 and a beta of 0.26. The InterGroup has a 12-month low of $11.75 and a 12-month high of $25.89.

Insider Transactions at The InterGroup

In other news, Director John C. Love sold 10,485 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $14.25, for a total value of $149,411.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 81.90% of the company’s stock.

Institutional Investors Weigh In On The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC raised its stake in The InterGroup Co. (NASDAQ:INTG) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 341,990 shares of the financial services provider’s stock after acquiring an additional 11,302 shares during the period. PFG Investments LLC owned approximately 15.64% of The InterGroup worth $5,280,000 as of its most recent SEC filing. 3.36% of the stock is currently owned by institutional investors.

About The InterGroup

The InterGroup Corporation, through its subsidiaries, operates a hotel under the Hilton San Francisco Financial District name located in San Francisco, California. The company operates through three segments: Hotel Operations, Real Estate Operations, and Investment Transactions. Its hotel consists of guest rooms and luxury suites, a restaurant, a lounge, a private dining room, meeting room space, a gym, a grand ballroom, 5-level underground parking garage, a pedestrian bridge, and a Chinese culture center.