Trinity Place Holdings Inc (NYSEAMERICAN:TPHS) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 966,600 shares, a growth of 8.5% from the May 15th total of 890,900 shares. Approximately 3.7% of the company’s stock are short sold. Based on an average daily volume of 43,500 shares, the days-to-cover ratio is currently 22.2 days.
In related news, insider Mfp Partners Lp acquired 2,127,146 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were purchased at an average cost of $3.60 per share, with a total value of $7,657,725.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 2,128,396 shares of company stock worth $7,662,643 over the last ninety days.
Institutional investors and hedge funds have recently made changes to their positions in the company. O Keefe Stevens Advisory Inc. grew its position in shares of Trinity Place by 2,149.7% in the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 358,825 shares of the company’s stock valued at $1,417,000 after buying an additional 342,875 shares during the last quarter. CIBC World Markets Inc. grew its position in Trinity Place by 89.1% during the 1st quarter. CIBC World Markets Inc. now owns 69,502 shares of the company’s stock worth $278,000 after purchasing an additional 32,752 shares during the last quarter. Teton Advisors Inc. grew its position in Trinity Place by 22.2% during the 1st quarter. Teton Advisors Inc. now owns 55,023 shares of the company’s stock worth $220,000 after purchasing an additional 10,000 shares during the last quarter. Boyar Asset Management Inc. grew its position in Trinity Place by 27.8% during the 1st quarter. Boyar Asset Management Inc. now owns 74,262 shares of the company’s stock worth $297,000 after purchasing an additional 16,160 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of Trinity Place in the 4th quarter worth $137,000.
Trinity Place (NYSEAMERICAN:TPHS) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.07) EPS for the quarter. The firm had revenue of $1.29 million for the quarter.
Trinity Place Company Profile
Trinity Place Holdings Inc, a real estate holding, investment, and asset management company, primarily acquires, invests in, owns, manages, develops or redevelops, and sells real estate assets and/or real estate related securities in the United States. The company's principal asset is located at 77 Greenwich Street in Lower Manhattan.
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