Financial Sector Recent Insider Buying: Citigroup (NYSE:C), Cedar Realty Trust (NYSE:CDR), Tri-Continental Corporation (NYSE:TY), HCI Group (NYSE:HCI)

Posted by on Apr 18, 2014

Citigroup Inc. (NYSE:C) upgraded shares of Yelp (NASDAQ:YELP) from a neutral rating to a buy rating in a report issued on Wednesday, TheFlyOnTheWall.com reports. They currently have $64.90 target price on the stock, down from their previous target price of $115.00.Citigroup Inc (NYSE:C) shares after opening at $48.19 moved to $48.44 on last trade day and at the end of the day closed at $48.22. Company price to sales ratio in past twelve months was calculated as 2.33 and price to cash ratio as 0.22. Citigroup Inc (NYSE:C) showed a positive weekly performance of 4.30%.

Cedar Realty Trust (NYSE:CDR) Insider Bruce Schanzer bought 4,000 shares of the company’s stock in a transaction dated Monday, April 7th. The shares were purchased at an average cost of $5.99 per share, for a total transaction of $23,960.00.Cedar Realty Trust Inc (NYSE:CDR) shares fell -0.98% in last trading session and ended the day on $6.04. CDR return on equity ratio is recorded as -0.90% and its return on assets is -0.20%. Cedar Realty Trust Inc (NYSE:CDR) yearly performance is 2.55%.

Tri-Continental (NYSE:TY) Portfolio Manager Brian Matthew Condon purchased 2,855 shares of Tri-Continental stock in a transaction that occurred on Thursday, April 17th. The stock was purchased at an average cost of $20.06 per share, for a total transaction of $57,271.30. Following the acquisition, the portfolio manager now directly owns 7,500 shares in the company, valued at approximately $150,450. Tri-Continental Corporation (NYSE:TY) shares moved down -0.09% in last trading session and was closed at $20.06, while trading in range of $ 20.03 – 20.17. Tri-Continental Corporation (NYSE:TY) year to date (YTD) performance is 1.26%.

In its concerted effort to enhance shareholder value, the board of directors of HCI Group Inc. (NYSE:HCI) authorized the company to repurchase upto $40 million worth of shares. The company will buy back the shares over the next one year. HCI Group Inc (NYSE:HCI) weekly performance is 3.70%. On last trading day company shares ended up $36.12. HCI Group Inc (NYSE:HCI) distance from 50-day simple moving average (SMA50) is -9.47%. Analysts mean target price for the company is $50.00.

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