Insider Selling: Retail Value Inc (NYSE:RVI) Major Shareholder Sells 30,800 Shares of Stock

Retail Value Inc (NYSE:RVI) major shareholder Katharina Otto-Bernstein sold 30,800 shares of Retail Value stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $36.94, for a total transaction of $1,137,752.00. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Katharina Otto-Bernstein also recently made the following trade(s):

  • On Friday, September 13th, Katharina Otto-Bernstein sold 48,600 shares of Retail Value stock. The stock was sold at an average price of $37.40, for a total transaction of $1,817,640.00.
  • On Monday, September 9th, Katharina Otto-Bernstein sold 28,600 shares of Retail Value stock. The stock was sold at an average price of $37.44, for a total transaction of $1,070,784.00.
  • On Thursday, September 5th, Katharina Otto-Bernstein sold 34,381 shares of Retail Value stock. The stock was sold at an average price of $37.18, for a total transaction of $1,278,285.58.
  • On Thursday, August 29th, Katharina Otto-Bernstein sold 29,534 shares of Retail Value stock. The stock was sold at an average price of $37.34, for a total transaction of $1,102,799.56.
  • On Tuesday, September 3rd, Katharina Otto-Bernstein sold 12,715 shares of Retail Value stock. The stock was sold at an average price of $37.12, for a total transaction of $471,980.80.
  • On Tuesday, August 27th, Katharina Otto-Bernstein sold 25,670 shares of Retail Value stock. The stock was sold at an average price of $37.27, for a total transaction of $956,720.90.

Retail Value stock opened at $37.41 on Thursday. The stock has a market cap of $719.03 million, a P/E ratio of 31.71 and a beta of 1.45. The company has a fifty day simple moving average of $37.34 and a 200-day simple moving average of $34.43. Retail Value Inc has a 12-month low of $24.50 and a 12-month high of $38.59. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 1.08.

Retail Value (NYSE:RVI) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.72 earnings per share for the quarter. Retail Value had a net margin of 8.64% and a return on equity of 3.30%. The firm had revenue of $60.89 million during the quarter. As a group, sell-side analysts forecast that Retail Value Inc will post -1.09 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its position in Retail Value by 218.7% in the second quarter. Royal Bank of Canada now owns 819 shares of the company’s stock valued at $29,000 after acquiring an additional 562 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Retail Value in the second quarter valued at $31,000. Machina Capital S.A.S. purchased a new stake in Retail Value in the second quarter valued at $40,000. Schroder Investment Management Group lifted its position in Retail Value by 2,196.1% in the second quarter. Schroder Investment Management Group now owns 1,171 shares of the company’s stock valued at $41,000 after acquiring an additional 1,120 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in Retail Value by 1,885.9% in the second quarter. Bank of Montreal Can now owns 1,410 shares of the company’s stock valued at $49,000 after acquiring an additional 1,339 shares during the last quarter. 67.26% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on RVI shares. Morgan Stanley cut shares of Retail Value from an “overweight” rating to an “equal weight” rating and set a $38.00 price objective for the company. in a research report on Friday, August 2nd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Retail Value from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Thursday, August 22nd.

Retail Value Company Profile

RVI is an independent publicly traded company trading under the ticker symbol “RVI” on the New York Stock Exchange. RVI holds assets in the continental U.S. and Puerto Rico and is managed by one or more subsidiaries of SITE Centers Corp. RVI focuses on realizing value in its business through operations and sales of its assets.

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Insider Buying and Selling by Quarter for Retail Value (NYSE:RVI)

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