InterGroup Corp (NASDAQ:INTG) Major Shareholder Corp Intergroup Acquires 1,040 Shares

InterGroup Corp (NASDAQ:INTG) major shareholder Corp Intergroup acquired 1,040 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average cost of $36.00 per share, with a total value of $37,440.00. Following the transaction, the insider now directly owns 99,602 shares of the company’s stock, valued at $3,585,672. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own at least 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 acquired 500 shares of InterGroup stock. The shares were purchased at an average cost of $29.20 per share, with a total value of $14,600.00.

INTG traded down $0.15 on Tuesday, hitting $26.50. 400 shares of the stock were exchanged, compared to its average volume of 1,755. InterGroup Corp has a 12 month low of $23.85 and a 12 month high of $38.60. The business has a 50-day moving average of $27.35 and a two-hundred day moving average of $31.49.

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

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

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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