Key Points
- CEO James Wirth sold 10,000 shares at an average price of $1.37 on Nov. 18 for $13,700, leaving him with 6,059,296 shares (a 0.16% reduction in his position).
- InnSuites (IHT) was trading flat at $1.30 with a 52-week range of $1.26–$4.24 and a market cap of $11.43 million, while showing low volume versus average and a high debt-to-equity ratio of 5.82.
- Institutional activity included Citadel Advisors buying a new stake of 21,121 shares (~$39,000) in Q3, leaving total institutional ownership at only 2.46%.
InnSuites Hospitality Trust (NYSE:IHT - Get Free Report) CEO James Wirth sold 10,000 shares of the firm's stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $1.37, for a total value of $13,700.00. Following the completion of the transaction, the chief executive officer owned 6,059,296 shares of the company's stock, valued at $8,301,235.52. The trade was a 0.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
InnSuites Hospitality Trust Stock Performance
IHT remained flat at $1.30 on Friday. The company had a trading volume of 14,436 shares, compared to its average volume of 175,631. InnSuites Hospitality Trust has a fifty-two week low of $1.26 and a fifty-two week high of $4.24. The company has a market cap of $11.43 million, a P/E ratio of -13.00 and a beta of 0.06. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 5.82. The company has a 50 day moving average price of $1.64 and a two-hundred day moving average price of $1.99.
Institutional Investors Weigh In On InnSuites Hospitality Trust
An institutional investor recently bought a new position in InnSuites Hospitality Trust stock. Citadel Advisors LLC bought a new stake in InnSuites Hospitality Trust (NYSE:IHT - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,121 shares of the company's stock, valued at approximately $39,000. Citadel Advisors LLC owned approximately 0.24% of InnSuites Hospitality Trust at the end of the most recent quarter. 2.46% of the stock is currently owned by institutional investors.
InnSuites Hospitality Trust Company Profile
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Get Free Report)
InnSuites Hospitality Trust (NYSE American symbol: IHT) first listed on the NYSE in 1971 is headquartered in Phoenix, Arizona is an unincorporated Ohio Business. Trust that owns and manages hotels under the InnSuites Hotels name. IHT qualifies as a Real Estate Investment Trust (REIT) for tax treatment currently taxed as a corporation with the IRS.
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