Retail Value Inc (NYSE:RVI) Major Shareholder Katharina Otto-Bernstein Sells 13,040 Shares

Retail Value Inc (NYSE:RVI) major shareholder Katharina Otto-Bernstein sold 13,040 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $36.88, for a total transaction of $480,915.20. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Thursday, October 3rd, Katharina Otto-Bernstein sold 31,513 shares of Retail Value stock. The shares were sold at an average price of $36.88, for a total transaction of $1,162,199.44.
  • On Tuesday, October 1st, Katharina Otto-Bernstein sold 25,694 shares of Retail Value stock. The shares were sold at an average price of $37.19, for a total transaction of $955,559.86.
  • On Thursday, September 26th, Katharina Otto-Bernstein sold 147,836 shares of Retail Value stock. The shares were sold at an average price of $37.41, for a total transaction of $5,530,544.76.
  • On Tuesday, September 24th, Katharina Otto-Bernstein sold 66,799 shares of Retail Value stock. The shares were sold at an average price of $37.04, for a total transaction of $2,474,234.96.
  • On Friday, September 20th, Katharina Otto-Bernstein sold 58,053 shares of Retail Value stock. The shares were sold at an average price of $37.44, for a total transaction of $2,173,504.32.
  • On Tuesday, September 17th, Katharina Otto-Bernstein sold 27,800 shares of Retail Value stock. The shares were sold at an average price of $37.50, for a total transaction of $1,042,500.00.
  • On Friday, September 13th, Katharina Otto-Bernstein sold 48,600 shares of Retail Value stock. The shares were sold at an average price of $37.40, for a total transaction of $1,817,640.00.
  • On Wednesday, September 11th, Katharina Otto-Bernstein sold 30,800 shares of Retail Value stock. The shares were sold at an average price of $36.94, for a total transaction of $1,137,752.00.
  • On Monday, September 9th, Katharina Otto-Bernstein sold 28,600 shares of Retail Value stock. The shares were sold at an average price of $37.44, for a total transaction of $1,070,784.00.
  • On Thursday, September 5th, Katharina Otto-Bernstein sold 34,381 shares of Retail Value stock. The shares were sold at an average price of $37.18, for a total transaction of $1,278,285.58.

RVI traded up $0.14 during midday trading on Wednesday, hitting $36.70. 327 shares of the company traded hands, compared to its average volume of 90,816. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $696.85 million, a PE ratio of 30.98 and a beta of 1.44. The company’s 50-day moving average is $37.25 and its 200 day moving average is $35.01. Retail Value Inc has a 52 week low of $24.50 and a 52 week high of $38.59.

Retail Value (NYSE:RVI) last posted its earnings results on Tuesday, August 6th. The company reported $0.72 earnings per share (EPS) for the quarter. The business 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%. On average, sell-side analysts predict that Retail Value Inc will post -1.09 earnings per share for the current fiscal year.

Several analysts recently commented on the stock. ValuEngine downgraded shares of Retail Value from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Morgan Stanley cut shares of Retail Value from an “overweight” rating to an “equal weight” rating and set a $38.00 target price on the stock. in a research note on Friday, August 2nd. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Retail Value from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Thursday, August 22nd.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Indaba Capital Management L.P. lifted its stake in Retail Value by 36.2% during the 2nd quarter. Indaba Capital Management L.P. now owns 908,108 shares of the company’s stock valued at $31,602,000 after acquiring an additional 241,598 shares during the period. Royal Bank of Canada lifted its stake in Retail Value by 218.7% during 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. Amundi Pioneer Asset Management Inc. lifted its stake in Retail Value by 295.4% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 30,104 shares of the company’s stock valued at $1,047,000 after acquiring an additional 22,490 shares during the period. Susquehanna International Group LLP bought a new position in Retail Value during the 2nd quarter valued at about $301,000. Finally, Schroder Investment Management Group lifted 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 during the period. Institutional investors and hedge funds own 67.26% of the company’s stock.

Retail Value Company Profile

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.

Read More: Compound Interest

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

Receive News & Ratings for Retail Value Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Value and related companies with MarketBeat.com's FREE daily email newsletter.