Sam Levinson Acquires 4,769 Shares of Clipper Realty (NYSE:CLPR) Stock

Key Points

• Director Sam Levinson purchased 4,769 Clipper Realty shares at an average price of $3.28, investing $15,642.32 and increasing his direct holdings to 383,783 shares.
• Levinson has made multiple additional purchases in recent weeks, including 110,710 shares on September 9 and 86,983 shares on August 18, indicating sustained insider buying.
• Clipper Realty shares recently traded at $3.43, while the company maintains a quarterly dividend of $0.095 per share, equivalent to an annualized yield of approximately 11.1%; Wall Street Zen downgraded the stock from “hold” to “sell.”

Clipper Realty Inc. (NYSE:CLPR - Get Free Report) Director Sam Levinson purchased 4,769 shares of the business's stock in a transaction on Monday, September 14th. The shares were acquired at an average price of $3.28 per share, for a total transaction of $15,642.32. Following the completion of the acquisition, the director directly owned 383,783 shares in the company, valued at approximately $1,258,808.24. This represents a 1.26% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, September 15th, Sam Levinson acquired 4,315 shares of Clipper Realty stock. The shares were bought at an average cost of $3.30 per share, with a total value of $14,239.50.
• On Wednesday, September 9th, Sam Levinson acquired 110,710 shares of Clipper Realty stock. The stock was bought at an average price of $3.31 per share, with a total value of $366,450.10.
• On Tuesday, September 8th, Sam Levinson bought 6,842 shares of Clipper Realty stock. The shares were bought at an average price of $3.24 per share, for a total transaction of $22,168.08.
• On Wednesday, September 2nd, Sam Levinson bought 5,387 shares of Clipper Realty stock. The shares were bought 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 shares were bought at an average cost of $3.20 per share, for a total transaction of $2,988.80.
• On Monday, August 31st, Sam Levinson purchased 1,742 shares of Clipper Realty stock. The stock was bought at an average price of $3.25 per share, with a total value of $5,661.50.
• On Thursday, August 20th, Sam Levinson purchased 2,392 shares of Clipper Realty stock. The stock was bought at an average price of $3.19 per share, with a total value of $7,630.48.
• On Wednesday, August 19th, Sam Levinson purchased 9,260 shares of Clipper Realty stock. The stock was bought at an average cost of $3.14 per share, with a total value of $29,076.40.
• On Tuesday, August 18th, Sam Levinson acquired 86,983 shares of Clipper Realty stock. The shares were bought at an average price of $3.15 per share, for a total transaction of $273,996.45.
• On Friday, August 14th, Sam Levinson acquired 3,945 shares of Clipper Realty stock. The shares were bought at an average cost of $3.29 per share, for a total transaction of $12,979.05.

Clipper Realty Price Performance

Shares of CLPR traded up $0.08 during trading hours on Wednesday, hitting $3.43. The stock had a trading volume of 60,867 shares, compared to its average volume of 81,328. Clipper Realty Inc. has a 1-year low of $2.69 and a 1-year high of $4.34. The firm has a market capitalization of $55.43 million, a P/E ratio of -3.69 and a beta of 0.99. The firm has a 50 day simple moving average of $3.07 and a 200-day simple moving average of $3.11.

Clipper Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Tuesday, August 18th were issued a dividend of $0.095 per share. The ex-dividend date was Tuesday, August 18th. This represents a $0.38 annualized dividend and a dividend yield of 11.1%. Clipper Realty's payout ratio is currently -40.86%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new stake in Clipper Realty during the second quarter worth $31,000. Equitable Holdings Inc. bought a new stake in shares of Clipper Realty in the 2nd quarter worth $58,000. GSA Capital Partners LLP bought a new stake in shares of Clipper Realty in the 2nd quarter worth $254,000. BlackRock Inc. purchased a new stake in shares of Clipper Realty in the second quarter valued at about $297,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Clipper Realty in the second quarter valued at about $412,000. Hedge funds and other institutional investors own 37.57% of the company's stock.

Wall Street Analyst Weigh In

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

About Clipper Realty

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.

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