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

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

The InterGroup Trading Up 1.6 %

The InterGroup stock opened at $14.18 on Tuesday. The firm has a 50 day moving average of $14.17 and a 200 day moving average of $16.57. The firm has a market capitalization of $30.74 million, a price-to-earnings ratio of -3.54 and a beta of 0.26. The InterGroup has a 12-month low of $12.00 and a 12-month high of $25.89.

Insiders Place Their Bets

In other The InterGroup news, Director John C. Love sold 10,485 shares of the company’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 value of $149,411.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 81.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC grew its position in shares of The InterGroup Co. (NASDAQ:INTG) by 3.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 341,990 shares of the financial services provider’s stock after acquiring an additional 11,302 shares during the quarter. PFG Investments LLC owned about 15.64% of The InterGroup worth $5,280,000 at the end of the most recent reporting period. 3.36% of the stock is currently owned by hedge funds and other institutional investors.

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.