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 sent to investors on Wednesday morning. The brokerage issued a hold rating on the financial services provider’s stock.

The InterGroup Stock Up 1.6 %

Shares of The InterGroup stock opened at $12.36 on Wednesday. The InterGroup has a 52 week low of $11.75 and a 52 week high of $25.40. The firm’s 50 day moving average is $14.01 and its two-hundred day moving average is $16.10. The firm has a market capitalization of $26.82 million, a P/E ratio of -3.08 and a beta of 0.26.

Insider Buying and Selling

In other The InterGroup news, Director John C. Love sold 10,485 shares of the firm’s stock in a transaction dated 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 document filed with the SEC, which is accessible through this hyperlink. 81.90% of the stock is owned by company insiders.

Institutional Trading of The InterGroup

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC raised its position in The InterGroup Co. (NASDAQ:INTG) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 341,990 shares of the financial services provider’s stock after buying an additional 11,302 shares during the quarter. PFG Investments LLC owned approximately 15.64% of The InterGroup worth $5,280,000 as of its most recent filing with the Securities and Exchange Commission. 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.