StockNews.com Begins Coverage on The InterGroup (NASDAQ:INTG)

Research analysts at StockNews.com initiated coverage on shares of The InterGroup (NASDAQ:INTG) in a research report issued on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

The InterGroup Stock Performance

NASDAQ:INTG opened at $14.10 on Tuesday. The InterGroup has a fifty-two week low of $12.00 and a fifty-two week high of $25.89. The company has a 50 day simple moving average of $14.15 and a two-hundred day simple moving average of $16.46. The company has a market capitalization of $30.57 million, a PE ratio of -3.52 and a beta of 0.26.

Insider Buying and Selling at The InterGroup

In other The InterGroup news, Director John C. Love sold 10,485 shares of The InterGroup 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 boosted its stake in The InterGroup Co. (NASDAQ:INTG) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 341,990 shares of the financial services provider’s stock after purchasing an additional 11,302 shares during the quarter. PFG Investments LLC owned about 15.64% of The InterGroup worth $5,280,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 3.36% of the company’s stock.

About The InterGroup

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.