Insider Selling: Retail Value Inc (NYSE:RVI) Major Shareholder Sells 29,127 Shares of Stock

Retail Value Inc (NYSE:RVI) major shareholder Katharina Otto-Bernstein sold 29,127 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $36.02, for a total transaction of $1,049,154.54. Large shareholders that own more than 10% 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 Wednesday, October 16th, Katharina Otto-Bernstein sold 47,525 shares of Retail Value stock. The shares were sold at an average price of $36.02, for a total transaction of $1,711,850.50.
  • On Monday, October 7th, Katharina Otto-Bernstein sold 13,040 shares of Retail Value stock. The shares were sold at an average price of $36.88, for a total transaction of $480,915.20.
  • On Thursday, October 3rd, Katharina Otto-Bernstein sold 31,513 shares of Retail Value stock. The shares were sold at an average price of $36.88, for a total transaction of $1,162,199.44.
  • On Tuesday, October 1st, Katharina Otto-Bernstein sold 25,694 shares of Retail Value stock. The shares were sold at an average price of $37.19, for a total transaction of $955,559.86.
  • On Thursday, September 26th, Katharina Otto-Bernstein sold 147,836 shares of Retail Value stock. The shares were sold at an average price of $37.41, for a total transaction of $5,530,544.76.
  • On Tuesday, September 24th, Katharina Otto-Bernstein sold 66,799 shares of Retail Value stock. The shares were sold at an average price of $37.04, for a total transaction of $2,474,234.96.
  • On Friday, September 20th, Katharina Otto-Bernstein sold 58,053 shares of Retail Value stock. The stock was sold at an average price of $37.44, for a total transaction of $2,173,504.32.
  • On Tuesday, September 17th, Katharina Otto-Bernstein sold 27,800 shares of Retail Value stock. The stock was sold at an average price of $37.50, for a total transaction of $1,042,500.00.
  • 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 Wednesday, September 11th, Katharina Otto-Bernstein sold 30,800 shares of Retail Value stock. The stock was sold at an average price of $36.94, for a total transaction of $1,137,752.00.

NYSE:RVI opened at $35.93 on Friday. Retail Value Inc has a 52 week low of $24.50 and a 52 week high of $38.59. The firm has a market cap of $686.26 million, a price-to-earnings ratio of 30.27 and a beta of 1.44. The firm’s 50-day simple moving average is $37.06 and its 200 day simple moving average is $35.25. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.95 and a current ratio of 2.95.

Retail Value (NYSE:RVI) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.72 EPS for the quarter. Retail Value had a net margin of 8.64% and a return on equity of 3.30%. The business had revenue of $60.89 million for the quarter. Sell-side analysts anticipate that Retail Value Inc will post -1.09 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its holdings in Retail Value by 21.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 14,964 shares of the company’s stock valued at $554,000 after buying an additional 2,617 shares during the period. Indaba Capital Management L.P. increased its holdings in Retail Value by 36.2% in the 2nd quarter. Indaba Capital Management L.P. now owns 908,108 shares of the company’s stock valued at $31,602,000 after buying an additional 241,598 shares during the period. Royal Bank of Canada increased its holdings in Retail Value by 218.7% in the 2nd quarter. Royal Bank of Canada now owns 819 shares of the company’s stock valued at $29,000 after buying an additional 562 shares during the period. Amundi Pioneer Asset Management Inc. increased its holdings in Retail Value by 295.4% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 30,104 shares of the company’s stock valued at $1,047,000 after buying an additional 22,490 shares during the period. Finally, Susquehanna International Group LLP bought a new position in Retail Value in the 2nd quarter valued at about $301,000. 67.23% of the stock is currently owned by hedge funds and other institutional investors.

RVI has been the topic of a number of recent research reports. ValuEngine lowered shares of Retail Value from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Morgan Stanley lowered shares of Retail Value from an “overweight” rating to an “equal weight” rating and set a $38.00 price target on the stock. in a research report on Friday, August 2nd. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Retail Value from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock 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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