Clipper Realty (NYSE:CLPR) Director Sam Levinson Buys 6,842 Shares

Clipper Realty Inc. (NYSE:CLPRGet Free Report) Director Sam Levinson acquired 6,842 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were acquired at an average price of $3.24 per share, for a total transaction of $22,168.08. Following the completion of the purchase, the director owned 268,304 shares of the company’s stock, valued at approximately $869,304.96. This represents a 2.62% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Sam Levinson also recently made the following trade(s):

  • On Wednesday, September 9th, Sam Levinson acquired 110,710 shares of Clipper Realty stock. The stock was acquired at an average cost of $3.31 per share, with a total value of $366,450.10.
  • On Wednesday, September 2nd, Sam Levinson bought 5,387 shares of Clipper Realty stock. The shares were bought at an average price of $3.25 per share, with a total value of $17,507.75.
  • On Tuesday, September 1st, Sam Levinson bought 934 shares of Clipper Realty stock. The shares were bought at an average price of $3.20 per share, with a total value of $2,988.80.
  • On Monday, August 31st, Sam Levinson bought 1,742 shares of Clipper Realty stock. The shares were bought at an average cost of $3.25 per share, for a total transaction of $5,661.50.
  • On Thursday, August 20th, Sam Levinson purchased 2,392 shares of Clipper Realty stock. The stock was bought at an average price of $3.19 per share, for a total transaction of $7,630.48.
  • On Wednesday, August 19th, Sam Levinson purchased 9,260 shares of Clipper Realty stock. The stock was bought at an average price of $3.14 per share, for a total transaction of $29,076.40.
  • On Tuesday, August 18th, Sam Levinson purchased 86,983 shares of Clipper Realty stock. The stock was bought at an average cost of $3.15 per share, with a total value of $273,996.45.
  • On Friday, August 14th, Sam Levinson acquired 3,945 shares of Clipper Realty stock. The shares were bought at an average price of $3.29 per share, with a total value of $12,979.05.
  • On Thursday, August 13th, Sam Levinson acquired 81,647 shares of Clipper Realty stock. The shares were bought at an average price of $3.21 per share, with a total value of $262,086.87.
  • On Wednesday, August 12th, Sam Levinson acquired 69,172 shares of Clipper Realty stock. The shares were bought at an average cost of $3.09 per share, for a total transaction of $213,741.48.

Clipper Realty Stock Performance

CLPR traded down $0.01 on Thursday, hitting $3.38. The company had a trading volume of 130,147 shares, compared to its average volume of 82,193. The stock has a fifty day moving average price of $3.04 and a 200-day moving average price of $3.11. Clipper Realty Inc. has a 12-month low of $2.69 and a 12-month high of $4.46. The stock has a market capitalization of $54.54 million, a price-to-earnings ratio of -3.63 and a beta of 0.99.

Clipper Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Tuesday, August 18th were given a $0.095 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 11.3%. Clipper Realty’s payout ratio is presently -40.86%.

Institutional Trading of Clipper Realty

A number of institutional investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in Clipper Realty during the 4th quarter worth $42,000. Bank of New York Mellon Corp purchased a new stake in Clipper Realty in the second quarter valued at about $31,000. Russell Investments Group Ltd. raised its stake in Clipper Realty by 161.4% in the third quarter. Russell Investments Group Ltd. now owns 12,673 shares of the company’s stock valued at $48,000 after buying an additional 7,824 shares during the last quarter. Abel Hall LLC acquired a new stake in Clipper Realty in the third quarter worth about $52,000. Finally, Wells Fargo & Company MN boosted its holdings in Clipper Realty by 48.0% in the fourth quarter. Wells Fargo & Company MN now owns 15,485 shares of the company’s stock worth $59,000 after acquiring an additional 5,023 shares in the last quarter. Institutional investors and hedge funds own 37.57% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Clipper Realty from a “hold” rating to a “sell” rating in a research note on Sunday, May 31st.

Read Our Latest Stock Report on CLPR

Clipper Realty Company Profile

(Get Free Report)

Clipper Realty Inc is a publicly traded real estate investment trust that acquires, owns and manages multifamily residential and mixed‐use properties in the Greater New York metropolitan area. Since its initial public offering in early 2017, the company has focused on strategically sourcing apartment buildings and retail space in Manhattan and Brooklyn, with an emphasis on value‐add opportunities that can benefit from in‐house leasing, renovation and operational efficiencies.

The company’s primary activities include property acquisition, selective repositioning and asset management.

See Also

Insider Buying and Selling by Quarter for Clipper Realty (NYSE:CLPR)

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