Clipper Realty (NYSE:CLPR) Stock: Insider Sam Levinson Purchases 9,317 Shares

Clipper Realty Inc. (NYSE:CLPR – Get Free Report) Director Sam Levinson acquired 9,317 shares of the company’s stock in a transaction dated Thursday, September 24th. The shares were purchased at an average price of $3.38 per share, for a total transaction of $31,491.46. Following the purchase, the director directly owned 411,021 shares of the company’s stock, valued at approximately $1,389,250.98. This trade represents a 2.32% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Wednesday, September 23rd, Sam Levinson bought 13,606 shares of Clipper Realty stock. The shares were acquired at an average price of $3.38 per share, with a total value of $45,988.28.
  • On Tuesday, September 15th, Sam Levinson purchased 4,315 shares of Clipper Realty stock. The stock was acquired at an average cost of $3.30 per share, with a total value of $14,239.50.
  • On Monday, September 14th, Sam Levinson purchased 4,769 shares of Clipper Realty stock. The shares were bought at an average cost of $3.28 per share, with a total value of $15,642.32.
  • On Wednesday, September 9th, Sam Levinson acquired 110,710 shares of Clipper Realty stock. The shares were bought at an average cost of $3.31 per share, with a total value of $366,450.10.
  • On Tuesday, September 8th, Sam Levinson acquired 6,842 shares of Clipper Realty stock. The stock was purchased at an average cost of $3.24 per share, with a total value of $22,168.08.
  • On Wednesday, September 2nd, Sam Levinson bought 5,387 shares of Clipper Realty stock. The stock was purchased at an average price of $3.25 per share, with a total value of $17,507.75.
  • On Tuesday, September 1st, Sam Levinson purchased 934 shares of Clipper Realty stock. The shares were purchased at an average cost of $3.20 per share, for a total transaction of $2,988.80.
  • On Monday, August 31st, Sam Levinson acquired 1,742 shares of Clipper Realty stock. The stock was acquired at an average cost of $3.25 per share, with a total value of $5,661.50.
  • On Thursday, August 20th, Sam Levinson acquired 2,392 shares of Clipper Realty stock. The shares were acquired at an average cost of $3.19 per share, with a total value of $7,630.48.
  • On Wednesday, August 19th, Sam Levinson bought 9,260 shares of Clipper Realty stock. The stock was bought at an average price of $3.14 per share, with a total value of $29,076.40.

Clipper Realty Price Performance

Shares of NYSE CLPR traded down $0.10 during mid-day trading on Friday, hitting $3.31. The company had a trading volume of 39,249 shares, compared to its average volume of 80,480. Clipper Realty Inc. has a 12 month low of $2.69 and a 12 month high of $4.32. The firm’s 50 day simple moving average is $3.15 and its two-hundred day simple moving average is $3.12. The stock has a market cap of $53.49 million, a price-to-earnings ratio of -3.56 and a beta of 0.99.

Clipper Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Tuesday, August 18th were paid a dividend of $0.0950 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date was Tuesday, August 18th. Clipper Realty’s payout ratio is currently -40.86%.

Wall Street Analyst Weigh In

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

Read Our Latest Research Report on CLPR

Institutional Investors Weigh In On Clipper Realty

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new stake in shares of Clipper Realty during the second quarter worth approximately $31,000. Equitable Holdings Inc. acquired a new position in shares of Clipper Realty during the 2nd quarter worth $58,000. GSA Capital Partners LLP bought a new position in shares of Clipper Realty during the 2nd quarter valued at $254,000. BlackRock Inc. acquired a new position in Clipper Realty during the second quarter worth $297,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Clipper Realty in the 2nd quarter worth approximately $412,000. 37.57% of the stock is currently owned by institutional investors and hedge funds.

Clipper Realty Company Profile

(Get Free Report)

Clipper Realty Inc (NYSE: CLPR) is a self-administered and self-managed real estate investment trust focused on owning, operating, and selectively acquiring multifamily residential properties in New York City. The company’s business is centered on generating rental income from apartment communities and managing the properties in its portfolio.

Clipper Realty’s portfolio has historically included residential properties in Manhattan and Brooklyn, including large apartment communities and multifamily buildings in established New York City neighborhoods.

Further Reading

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

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