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

StockNews.com initiated coverage on shares of The InterGroup (NASDAQ:INTG) in a research report sent to investors on Wednesday. The firm issued a hold rating on the financial services provider’s stock.

The InterGroup Stock Down 5.8 %

NASDAQ:INTG opened at $12.73 on Wednesday. The firm has a market capitalization of $27.62 million, a PE ratio of -3.17 and a beta of 0.26. The InterGroup has a 12-month low of $12.00 and a 12-month high of $25.89. The firm has a 50-day moving average price of $14.09 and a 200 day moving average price of $16.19.

Insider Buying and Selling

In other news, Director John C. Love sold 10,485 shares of the company’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 document filed with the SEC, which is available at this hyperlink. 81.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC grew its position in The InterGroup Co. (NASDAQ:INTG) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 343,949 shares of the financial services provider’s stock after acquiring 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 reporting period. 3.36% of the stock is owned by hedge funds and other institutional investors.

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.