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

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

The InterGroup Price Performance

INTG opened at $14.16 on Monday. The firm has a market capitalization of $30.70 million, a PE ratio of -3.53 and a beta of 0.26. The business’s 50-day moving average is $14.20 and its two-hundred day moving average is $16.74. The InterGroup has a 1 year low of $13.10 and a 1 year high of $26.68.

Insider Activity at The InterGroup

In other The InterGroup news, Director John C. Love sold 10,485 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 81.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC boosted its position in shares of The InterGroup Co. (NASDAQ:INTG) by 3.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm 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 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.