Portsmouth Square Inc (PRSI) Major Shareholder Acquires $36,000.00 in Stock
Portsmouth Square Inc (OTCMKTS:PRSI) major shareholder Corp Intergroup bought 600 shares of the company’s stock in a transaction dated Monday, March 20th. The stock was purchased at an average price of $60.00 per share, with a total value of $36,000.00. Following the completion of the transaction, the insider now directly owns 98,562 shares in the company, valued at approximately $5,913,720. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Portsmouth Square Inc (OTCMKTS:PRSI) remained flat at $60.50 during trading on Monday. The stock’s market cap is $44.41 million. Portsmouth Square Inc has a 52-week low of $50.01 and a 52-week high of $75.00. The firm has a 50 day moving average price of $60.15 and a 200 day moving average price of $54.14.
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About Portsmouth Square
Portsmouth Square, Inc operates in San Francisco hotel industry. The Company’s principal business is conducted through its general and limited partnership interest in Justice Investors Limited Partnership (Justice). It operates through two segments: Hotel Operations, which is engaged in the operation of the Hilton San Francisco Financial District (the Hotel), and Investment Transactions, which includes the investment of its cash in marketable securities and other investments.
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