INNOVATE Corp. (NYSE:VATE) Director Avram A. Glazer Buys 100,242 Shares

INNOVATE Corp. (NYSE:VATEGet Rating) Director Avram A. Glazer purchased 100,242 shares of the firm’s stock in a transaction dated Friday, May 6th. The shares were bought at an average price of $2.92 per share, with a total value of $292,706.64. Following the purchase, the director now owns 19,084,196 shares in the company, valued at approximately $55,725,852.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of NYSE:VATE opened at $2.31 on Wednesday. The firm’s 50 day simple moving average is $3.48. INNOVATE Corp. has a twelve month low of $2.22 and a twelve month high of $4.83. The company has a market cap of $181.18 million, a P/E ratio of -0.70 and a beta of 1.99.

Large investors have recently made changes to their positions in the stock. Luxor Capital Group LP bought a new stake in INNOVATE during the 3rd quarter valued at approximately $1,071,000. Fuller & Thaler Asset Management Inc. bought a new stake in INNOVATE during the 3rd quarter valued at approximately $3,118,000. Jump Financial LLC bought a new stake in INNOVATE during the 3rd quarter valued at approximately $172,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in INNOVATE during the 3rd quarter valued at approximately $1,367,000. Finally, Beacon Pointe Advisors LLC bought a new stake in INNOVATE during the 3rd quarter valued at approximately $52,000. Hedge funds and other institutional investors own 38.81% of the company’s stock.

INNOVATE Company Profile (Get Rating)

INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. It provides industrial construction, structural steel, and facility maintenance services for use in commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants.

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