Insider Buying: Clipper Realty (NYSE:CLPR) Director Buys $273,996.45 in Stock

Clipper Realty Inc. (NYSE:CLPR) Director Sam Levinson acquired 86,983 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was bought at an average price of $3.15 per share, with a total value of $273,996.45. Following the purchase, the director directly owned 241,747 shares in the company, valued at approximately $761,503.05. This trade represents a 56.20% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, August 20th, Sam Levinson acquired 2,392 shares of Clipper Realty stock. The shares were bought 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 shares were purchased at an average price of $3.14 per share, for a total transaction of $29,076.40.
• On Friday, August 14th, Sam Levinson bought 3,945 shares of Clipper Realty stock. The stock was purchased at an average cost of $3.29 per share, for a total transaction of $12,979.05.
• On Thursday, August 13th, Sam Levinson purchased 81,647 shares of Clipper Realty stock. The stock was purchased at an average price of $3.21 per share, with a total value of $262,086.87.
• On Wednesday, August 12th, Sam Levinson purchased 69,172 shares of Clipper Realty stock. The stock was purchased at an average price of $3.09 per share, with a total value of $213,741.48.

Clipper Realty Stock Up 2.2%

NYSE CLPR traded up $0.07 on Thursday, hitting $3.23. 35,719 shares of the stock were exchanged, compared to its average volume of 84,604. Clipper Realty Inc. has a fifty-two week low of $2.69 and a fifty-two week high of $4.61. The company has a market cap of $52.20 million, a PE ratio of -3.47 and a beta of 0.97. The company has a 50-day moving average price of $2.96 and a 200-day moving average price of $3.12.

Clipper Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Tuesday, August 18th will be paid a dividend of $0.095 per share. The ex-dividend date is Tuesday, August 18th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 11.8%. Clipper Realty’s payout ratio is presently -40.86%.

Institutional Trading of Clipper Realty

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in shares of Clipper Realty in the 2nd quarter valued at about $31,000. Virtu Financial LLC purchased a new position in Clipper Realty during the 4th quarter worth approximately $42,000. Russell Investments Group Ltd. grew its stake in Clipper Realty by 161.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 12,673 shares of the company’s stock worth $48,000 after buying an additional 7,824 shares during the last quarter. Abel Hall LLC acquired a new position in Clipper Realty during the third quarter worth approximately $52,000. Finally, Equitable Holdings Inc. acquired a new position in Clipper Realty during the second quarter worth approximately $58,000. Institutional investors and hedge funds own 37.57% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Clipper Realty from a “hold” rating to a “sell” rating in a report on Sunday, May 31st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Clipper Realty Company Profile

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.