Insider Selling: Retail Value Inc (NYSE:RVI) Major Shareholder Sells 34,381 Shares of Stock

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Retail Value Inc (NYSE:RVI) major shareholder Katharina Otto-Bernstein sold 34,381 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $37.18, for a total value of $1,278,285.58. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • 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 value of $1,070,784.00.
  • 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 value 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 value of $471,980.80.
  • On Tuesday, August 27th, Katharina Otto-Bernstein sold 25,670 shares of Retail Value stock. The shares were sold at an average price of $37.27, for a total value of $956,720.90.

NYSE RVI opened at $36.87 on Thursday. Retail Value Inc has a 52 week low of $24.50 and a 52 week 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. The stock has a market cap of $707.98 million, a price-to-earnings ratio of 31.23 and a beta of 1.45. The company has a 50-day moving average price of $37.22 and a two-hundred day moving average price of $34.24.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its position 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 acquiring an additional 562 shares during the period. Point72 Hong Kong Ltd bought a new stake in Retail Value during the 2nd quarter valued at $31,000. Machina Capital S.A.S. bought a new stake in Retail Value during the 2nd quarter valued at $40,000. Schroder Investment Management Group raised its stake in Retail Value by 2,196.1% during the 2nd 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 in the last quarter. Finally, Bank of Montreal Can boosted its position in Retail Value by 1,885.9% during the 2nd quarter. Bank of Montreal Can now owns 1,410 shares of the company’s stock worth $49,000 after acquiring an additional 1,339 shares during the period. Institutional investors and hedge funds own 67.24% of the company’s stock.

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

About Retail Value

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.

Further Reading: How is Preferred Stock Different from Common Stock?

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

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