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

StockNews.com assumed coverage on shares of The InterGroup (NASDAQ:INTG) in a research report report published on Friday morning. The firm issued a hold rating on the financial services provider’s stock.

The InterGroup Trading Down 1.7 %

Shares of INTG stock opened at $14.03 on Friday. The InterGroup has a 12-month low of $11.75 and a 12-month high of $25.30. The business’s 50 day moving average is $13.95 and its two-hundred day moving average is $15.45. The company has a market capitalization of $30.45 million, a P/E ratio of -3.50 and a beta of 0.25.

Insider Buying and Selling

In other news, Director John C. Love sold 10,485 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were 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 SEC, which is available through this link. 81.90% of the stock is owned by insiders.

Hedge Funds Weigh In On The InterGroup

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC increased its position in shares of The InterGroup Co. (NASDAQ:INTG) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 343,949 shares of the financial services provider’s stock after purchasing an additional 1,959 shares during the period. PFG Investments LLC owned 15.85% of The InterGroup worth $4,908,000 at the end of the most recent quarter. Institutional investors 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.