The InterGroup (NASDAQ:INTG) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of The InterGroup (NASDAQ:INTG) in a research note released on Monday morning. The brokerage issued a hold rating on the financial services provider’s stock.

The InterGroup Trading Down 2.4 %

Shares of NASDAQ INTG opened at $13.82 on Monday. The company has a market capitalization of $29.96 million, a P/E ratio of -3.45 and a beta of 0.26. The InterGroup has a 12 month low of $13.10 and a 12 month high of $26.68. The stock has a 50 day moving average of $14.20 and a 200-day moving average of $16.74.

Insider Buying and Selling at The InterGroup

In other news, Director John C. Love sold 10,485 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $14.25, for a total transaction of $149,411.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 81.90% of the company’s stock.

Institutional Trading of The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC grew its position in shares of The InterGroup Co. (NASDAQ:INTG) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 341,990 shares of the financial services provider’s stock after buying an additional 11,302 shares during the period. PFG Investments LLC owned approximately 15.64% of The InterGroup worth $5,280,000 at the end of the most recent quarter. Institutional investors and hedge funds own 3.36% of the company’s stock.

The 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. 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.