Insider Selling: Retail Value Inc (NYSE:RVI) Major Shareholder Sells 29,248 Shares of Stock

Retail Value Inc (NYSE:RVI) major shareholder Katharina Otto-Bernstein sold 29,248 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $36.72, for a total value of $1,073,986.56. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Monday, October 14th, Katharina Otto-Bernstein sold 29,127 shares of Retail Value stock. The shares were sold at an average price of $36.02, for a total value of $1,049,154.54.
  • On Wednesday, October 16th, Katharina Otto-Bernstein sold 47,525 shares of Retail Value stock. The shares were sold at an average price of $36.02, for a total value of $1,711,850.50.
  • On Monday, October 7th, Katharina Otto-Bernstein sold 13,040 shares of Retail Value stock. The shares were sold at an average price of $36.88, for a total value of $480,915.20.
  • 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $1,817,640.00.

Shares of Retail Value stock opened at $35.80 on Wednesday. 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 company has a market cap of $700.85 million, a PE ratio of 30.19 and a beta of 1.44. The business has a 50 day moving average of $36.99 and a 200 day moving average of $35.33. Retail Value Inc has a 52 week low of $24.50 and a 52 week high of $38.59.

Retail Value (NYSE:RVI) last announced its earnings results on Tuesday, August 6th. The company reported $0.72 EPS for the quarter. The company had revenue of $60.89 million during the quarter. Retail Value had a return on equity of 3.30% and a net margin of 8.64%. On average, research analysts anticipate that Retail Value Inc will post -1.09 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in RVI. Convergence Investment Partners LLC bought a new position in Retail Value in the third quarter valued at about $153,000. Nisa Investment Advisors LLC lifted its holdings in Retail Value by 21.2% in the third quarter. Nisa Investment Advisors LLC now owns 14,964 shares of the company’s stock valued at $554,000 after acquiring an additional 2,617 shares during the period. Indaba Capital Management L.P. lifted its holdings in Retail Value by 36.2% in the second 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 holdings in Retail Value by 218.7% in the second 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. Finally, Amundi Pioneer Asset Management Inc. raised its stake in shares of Retail Value by 295.4% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 30,104 shares of the company’s stock worth $1,047,000 after buying an additional 22,490 shares during the period. Institutional investors own 67.23% of the company’s stock.

Several analysts have weighed in on RVI shares. ValuEngine downgraded Retail Value from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Morgan Stanley downgraded Retail Value from an “overweight” rating to an “equal weight” rating and set a $38.00 price objective for the company. in a research report on Friday, August 2nd. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded Retail Value from a “buy” rating to a “hold” rating in a report on Tuesday.

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.

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

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