Insider Buying: Mack D. Pridgen III Acquires 25,483 Shares of Trade Street Residential Stock (TSRE)
Trade Street Residential (NASDAQ:TSRE) Director Mack D. Pridgen III purchased 25,483 shares of Trade Street Residential stock in a transaction that occurred on Thursday, January 16th. The shares were purchased at an average cost of $6.33 per share, for a total transaction of $161,307.39. Following the completion of the purchase, the director now directly owns 28,983 shares in the company, valued at approximately $183,462. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Trade Street Residential (NASDAQ:TSRE) traded up 4.34% on Tuesday, hitting $7.21. 32,009 shares of the company’s stock traded hands. Trade Street Residential has a 52-week low of $0.0904 and a 52-week high of $16.4338. The stock has a 50-day moving average of $5.83 and a 200-day moving average of $5.95. The company has a market cap of $82.7 million and a P/E 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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