InterGroup Corp (NASDAQ:INTG) major shareholder Corp Intergroup purchased 400 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was bought at an average cost of $37.00 per share, for a total transaction of $14,800.00. Following the completion of the purchase, the insider now directly owns 1,021,370 shares of the company’s stock, valued at approximately $37,790,690. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Corp Intergroup also recently made the following trade(s):
- On Friday, September 6th, Corp Intergroup purchased 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 purchased 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.
- On Thursday, June 27th, Corp Intergroup bought 3,000 shares of InterGroup stock. The shares were acquired at an average cost of $36.00 per share, for a total transaction of $108,000.00.
InterGroup stock remained flat at $$29.71 during mid-day trading on Friday. 790 shares of the company’s stock traded hands, compared to its average volume of 1,255. The firm has a market capitalization of $68.88 million, a PE ratio of 12.43 and a beta of 0.20. InterGroup Corp has a 52-week low of $28.89 and a 52-week high of $39.35. The business has a fifty day moving average price of $29.68 and a 200 day moving average price of $30.47.
An institutional investor recently raised its position in InterGroup stock. Vanguard Group Inc. boosted its holdings in shares of InterGroup Corp (NASDAQ:INTG) by 6.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,686 shares of the financial services provider’s stock after buying an additional 700 shares during the quarter. Vanguard Group Inc. owned about 0.50% of InterGroup worth $357,000 at the end of the most recent quarter. 10.16% of the stock is owned by institutional investors.
InterGroup Company Profile
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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