Insider Buying: David Levin Purchases 165,528 Shares of Trade Street Residential Stock (TSRE)
Trade Street Residential (NASDAQ:TSRE) Chairman David Levin purchased 165,528 shares of Trade Street Residential stock in a transaction dated Thursday, January 16th. The shares were purchased at an average cost of $6.33 per share, with a total value of $1,047,792.24. Following the completion of the acquisition, the chairman now directly owns 285,694 shares of the company’s stock, valued at approximately $1,808,443. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Trade Street Residential (NASDAQ:TSRE) traded up 4.34% during mid-day trading on Tuesday, hitting $7.21. The stock had a trading volume of 32,009 shares. Trade Street Residential has a 1-year low of $0.0904 and a 1-year high of $16.4338. The stock’s 50-day moving average is $5.83 and its 200-day moving average is $5.95. The company has a market cap of $82.7 million and a price-to-earnings ratio of 19.14.
Trade Street Residential, Inc, is a full service, vertically integrated, self-administered and self-managed corporation focused on acquiring, owning, operating and managing garden-style and mid-rise apartment communities in mid-sized cities and suburban submarkets primarily in the southeastern United States, including Texas.
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