Insider Selling: Colony Capital Inc (CLNY) Insider Sells 15,000 Shares of Stock

Colony Capital Inc (NYSE:CLNY) insider Neale Redington sold 15,000 shares of the business’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $6.00, for a total value of $90,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NYSE:CLNY traded down $0.08 during trading on Friday, hitting $6.07. The company’s stock had a trading volume of 2,645,849 shares, compared to its average volume of 2,372,172. The company has a debt-to-equity ratio of 0.98, a quick ratio of 4.07 and a current ratio of 4.07. Colony Capital Inc has a fifty-two week low of $5.28 and a fifty-two week high of $12.31. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 8.42 and a beta of 1.19.

Colony Capital (NYSE:CLNY) last released its quarterly earnings results on Wednesday, November 7th. The real estate investment trust reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.28). Colony Capital had a negative return on equity of 4.75% and a negative net margin of 17.64%. The business had revenue of $674.77 million during the quarter, compared to analyst estimates of $673.20 million. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. On average, equities research analysts predict that Colony Capital Inc will post 0.66 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 7.25%. The ex-dividend date of this dividend is Friday, December 28th.

Several research analysts recently commented on CLNY shares. ValuEngine upgraded Colony Capital from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 4th. Zacks Investment Research upgraded Colony Capital from a “hold” rating to a “strong-buy” rating and set a $6.75 price target on the stock in a research note on Tuesday, October 9th. Finally, JMP Securities set a $9.00 price target on Colony Capital and gave the stock a “buy” rating in a research note on Tuesday, October 16th.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Centaurus Financial Inc. acquired a new stake in Colony Capital during the second quarter valued at approximately $114,000. Dimensional Fund Advisors LP acquired a new stake in Colony Capital during the second quarter valued at approximately $116,000. CIBC Asset Management Inc acquired a new stake in Colony Capital during the second quarter valued at approximately $119,000. Jane Street Group LLC acquired a new stake in Colony Capital during the second quarter valued at approximately $119,000. Finally, LexAurum Advisors LLC acquired a new stake in shares of Colony Capital during the 2nd quarter worth approximately $128,000. Hedge funds and other institutional investors own 81.16% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/12/08/insider-selling-colony-capital-inc-clny-insider-sells-15000-shares-of-stock.html.

Colony Capital Company Profile

Colony Capital, Inc (NYSE: CLNY) is a leading global investment management firm with assets under management of $44 billion. The Company manages capital on behalf of its stockholders, as well as institutional and retail investors in private funds, non-traded and traded real estate investment trusts and registered investment companies.

Featured Story: Moving Average – How it Helps Investors in Stock Selection

Receive News & Ratings for Colony Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colony Capital and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply