GSA Capital Partners LLP Acquires 144,539 Shares of Paramount Group, Inc. (NYSE:PGRE)

GSA Capital Partners LLP boosted its holdings in Paramount Group, Inc. (NYSE:PGRE) by 390.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 181,561 shares of the financial services provider’s stock after acquiring an additional 144,539 shares during the period. GSA Capital Partners LLP’s holdings in Paramount Group were worth $893,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of PGRE. Swedbank AB purchased a new position in shares of Paramount Group during the first quarter valued at approximately $688,000. BNP Paribas Financial Markets lifted its holdings in shares of Paramount Group by 17.7% during the 1st quarter. BNP Paribas Financial Markets now owns 111,072 shares of the financial services provider’s stock valued at $521,000 after buying an additional 16,717 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Paramount Group by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 129,471 shares of the financial services provider’s stock worth $608,000 after buying an additional 6,583 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Paramount Group by 4,007.2% in the second quarter. Millennium Management LLC now owns 953,947 shares of the financial services provider’s stock worth $4,417,000 after acquiring an additional 930,721 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its position in Paramount Group by 23.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 160,000 shares of the financial services provider’s stock valued at $745,000 after acquiring an additional 30,000 shares during the last quarter. Institutional investors own 65.64% of the company’s stock.

Paramount Group Trading Down 4.2 %

NYSE:PGRE opened at $4.82 on Friday. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -4.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.45 and a quick ratio of 4.45. The business has a fifty day moving average price of $5.03 and a 200-day moving average price of $4.88. Paramount Group, Inc. has a one year low of $4.21 and a one year high of $5.92.

Analyst Ratings Changes

Separately, Wells Fargo & Company raised their target price on Paramount Group from $3.50 to $4.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 11th.

Paramount Group Company Profile

Paramount Group, Inc (“Paramount” or the “Company”) is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.