The InterGroup (NASDAQ:INTG) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of The InterGroup (NASDAQ:INTG) in a research note released on Wednesday morning. The firm issued a hold rating on the financial services provider’s stock.

The InterGroup Stock Performance

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

Insider Activity

In other The InterGroup news, Director John C. Love sold 10,485 shares of the stock in a transaction on Friday, December 20th. The shares were 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 can be accessed through the SEC website. 81.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 341,990 shares of the financial services provider’s stock after acquiring an additional 11,302 shares during the period. PFG Investments LLC owned about 15.64% of The InterGroup worth $5,280,000 as of its most recent SEC filing. 3.36% of the stock is currently 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.