Clipper Realty (NYSE:CLPR) Stock: Insider Sam Levinson Buys 13,606 Shares

Key Points

• Director Sam Levinson bought 13,606 Clipper Realty shares at an average price of $3.38, investing $45,988 and increasing his direct holdings by 3.51% to 401,704 shares.
• Levinson has made a series of additional purchases since August, including 110,710 shares on September 9, signaling sustained insider buying.
• Clipper Realty shares recently traded at $3.31, while the company maintains a quarterly dividend of $0.095 per share, equivalent to an annualized yield of about 11.5%; however, Wall Street Zen downgraded the stock to “sell.”

Clipper Realty Inc. (NYSE:CLPR - Get Free Report) Director Sam Levinson acquired 13,606 shares of the firm's stock in a transaction on Wednesday, September 23rd. The stock was purchased at an average price of $3.38 per share, for a total transaction of $45,988.28. Following the acquisition, the director directly owned 401,704 shares in the company, valued at $1,357,759.52. This represents a 3.51% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, September 24th, Sam Levinson bought 9,317 shares of Clipper Realty stock. The shares were bought at an average price of $3.38 per share, for a total transaction of $31,491.46.
• On Tuesday, September 15th, Sam Levinson acquired 4,315 shares of Clipper Realty stock. The shares were bought at an average price of $3.30 per share, for a total transaction of $14,239.50.
• On Monday, September 14th, Sam Levinson purchased 4,769 shares of Clipper Realty stock. The shares were purchased at an average cost of $3.28 per share, for a total transaction of $15,642.32.
• On Wednesday, September 9th, Sam Levinson purchased 110,710 shares of Clipper Realty stock. The shares were purchased at an average price of $3.31 per share, with a total value of $366,450.10.
• On Tuesday, September 8th, Sam Levinson purchased 6,842 shares of Clipper Realty stock. The shares were acquired at an average price of $3.24 per share, with a total value of $22,168.08.
• On Wednesday, September 2nd, Sam Levinson acquired 5,387 shares of Clipper Realty stock. The stock was purchased at an average price of $3.25 per share, for a total transaction of $17,507.75.
• On Tuesday, September 1st, Sam Levinson bought 934 shares of Clipper Realty stock. The stock was purchased at an average cost of $3.20 per share, with a total value of $2,988.80.
• On Monday, August 31st, Sam Levinson bought 1,742 shares of Clipper Realty stock. The shares were bought at an average cost of $3.25 per share, with a total value of $5,661.50.
• On Thursday, August 20th, Sam Levinson bought 2,392 shares of Clipper Realty stock. The stock was purchased at an average cost of $3.19 per share, for a total transaction of $7,630.48.
• On Wednesday, August 19th, Sam Levinson purchased 9,260 shares of Clipper Realty stock. The stock was acquired at an average price of $3.14 per share, for a total transaction of $29,076.40.

Clipper Realty Price Performance

Shares of Clipper Realty stock traded down $0.10 during trading hours on Friday, hitting $3.31. The company had a trading volume of 39,249 shares, compared to its average volume of 80,480. The company's 50-day moving average is $3.15 and its two-hundred day moving average is $3.12. The company has a market cap of $53.49 million, a P/E ratio of -3.56 and a beta of 0.99. Clipper Realty Inc. has a twelve month low of $2.69 and a twelve month high of $4.32.

Clipper Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 18th were given a dividend of $0.0950 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $0.38 annualized dividend and a yield of 11.5%. Clipper Realty's payout ratio is -40.86%.

Hedge Funds Weigh In On Clipper Realty

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Clipper Realty from a "hold" rating to a "sell" rating in a research report on Sunday, May 31st.

About Clipper Realty

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.

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