StockNews.com Begins Coverage on InnSuites Hospitality Trust (NYSE:IHT)

Posted by Defense World Staff on Jun 7th, 2023

StockNews.com initiated coverage on shares of InnSuites Hospitality Trust (NYSE:IHT – Get Rating) in a research note issued on Wednesday. The brokerage set a “hold” rating on the stock.

InnSuites Hospitality Trust Trading Up 4.1 %

NYSE:IHT opened at $2.80 on Wednesday. InnSuites Hospitality Trust has a fifty-two week low of $1.14 and a fifty-two week high of $3.82. The company has a debt-to-equity ratio of 2.51, a current ratio of 2.30 and a quick ratio of 2.30. The stock has a market capitalization of $25.70 million, a PE ratio of 46.67 and a beta of 0.08. The business’s 50-day simple moving average is $1.53 and its 200-day simple moving average is $1.60.

Insider Buying and Selling at InnSuites Hospitality Trust

In other news, CEO James F. Wirth bought 500 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were purchased at an average price of $935.00 per share, for a total transaction of $467,500.00. Following the purchase, the chief executive officer now owns 5,933,661 shares of the company’s stock, valued at approximately $5,547,973,035. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO James F. Wirth bought 1,000 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were purchased at an average price of $1,935.00 per share, for a total transaction of $1,935,000.00. Following the purchase, the chief executive officer now owns 5,931,161 shares of the company’s stock, valued at approximately $11,476,796,535. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James F. Wirth purchased 500 shares of the stock in a transaction on Tuesday, May 30th. The shares were bought at an average cost of $935.00 per share, for a total transaction of $467,500.00. Following the transaction, the chief executive officer now directly owns 5,933,661 shares in the company, valued at $5,547,973,035. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 3,634 shares of company stock worth $9,744,945. Corporate insiders own 68.34% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in InnSuites Hospitality Trust stock. Brighton Jones LLC purchased a new position in shares of InnSuites Hospitality Trust (NYSE:IHT – Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 43,352 shares of the company’s stock, valued at approximately $83,000. Brighton Jones LLC owned about 0.48% of InnSuites Hospitality Trust as of its most recent SEC filing. Hedge funds and other institutional investors own 3.20% of the company’s stock.

InnSuites Hospitality Trust Company Profile

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InnSuites Hospitality Trust engages in the ownership and operation of hotel properties. It also offers management services, which focus on trademark and licensing. The company was founded by James F. Wirth on June 21, 1971 and is headquartered in Phoenix, AZ.