Insider Selling: Trinity Place Holdings Inc. (TPHS) Major Shareholder Sells 214,903 Shares of Stock
Trinity Place Holdings Inc. (OTCMKTS:TPHS) major shareholder Marcato Capital Management Lp sold 214,903 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $7.06, for a total value of $1,517,215.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Trinity Place Holdings Inc. (OTCMKTS TPHS) traded down 0.84% during trading on Thursday, reaching $7.08. The company had a trading volume of 12,894 shares. The firm has a 50-day moving average of $6.91 and a 200-day moving average of $7.20. The stock’s market capitalization is $222.63 million. Trinity Place Holdings Inc. has a 1-year low of $6.53 and a 1-year high of $10.15.
Institutional investors and hedge funds have recently made changes to their positions in the business. Boyar Asset Management Inc. boosted its holdings in Trinity Place Holdings by 2.6% in the 2nd quarter. Boyar Asset Management Inc. now owns 20,382 shares of the company’s stock valued at $145,000 after purchasing an additional 516 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Trinity Place Holdings during the 2nd quarter valued at approximately $162,000. Susquehanna International Group LLP acquired a new stake in shares of Trinity Place Holdings during the 2nd quarter valued at approximately $249,000. Northern Trust Corp lifted its position in shares of Trinity Place Holdings by 2.3% during the 2nd quarter. Northern Trust Corp now owns 201,250 shares of the company’s stock valued at $1,431,000 after acquiring an additional 4,433 shares during the period. Finally, Steel Canyon Capital LLC lifted its position in shares of Trinity Place Holdings by 11.3% during the 2nd quarter. Steel Canyon Capital LLC now owns 252,768 shares of the company’s stock valued at $1,797,000 after acquiring an additional 25,648 shares during the period.
Separately, TheStreet cut Trinity Place Holdings from a “c-” rating to a “d+” rating in a report on Friday, August 4th.
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