INNOVATE Corp. (NYSE:VATE) CEO Paul Voigt Purchases 25,000 Shares

INNOVATE Corp. (NYSE:VATE) CEO Paul Voigt acquired 25,000 shares of INNOVATE stock in a transaction on Tuesday, November 19th. The shares were bought at an average price of $3.98 per share, with a total value of $99,500.00. Following the purchase, the chief executive officer now directly owns 25,000 shares in the company, valued at approximately $99,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

INNOVATE Stock Up 23.9 %

Shares of INNOVATE stock traded up $0.93 on Thursday, hitting $4.82. The company’s stock had a trading volume of 134,118 shares, compared to its average volume of 37,978. INNOVATE Corp. has a 52-week low of $3.25 and a 52-week high of $14.60. The firm has a fifty day moving average price of $4.67 and a 200-day moving average price of $5.26. The company has a market capitalization of $63.91 million, a P/E ratio of -1.17 and a beta of 2.38.

Institutional Trading of INNOVATE

Several large investors have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in INNOVATE in the 2nd quarter valued at $35,000. Gabelli Funds LLC grew its position in shares of INNOVATE by 20.9% in the 2nd quarter. Gabelli Funds LLC now owns 289,801 shares of the company’s stock valued at $175,000 after buying an additional 50,000 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of INNOVATE by 14.2% in the 1st quarter. Vanguard Group Inc. now owns 2,740,357 shares of the company’s stock valued at $1,920,000 after purchasing an additional 341,653 shares during the period. Finally, Teton Advisors Inc. increased its stake in INNOVATE by 28.6% in the first quarter. Teton Advisors Inc. now owns 295,734 shares of the company’s stock valued at $207,000 after purchasing an additional 65,734 shares in the last quarter. Institutional investors own 34.28% of the company’s stock.

About INNOVATE

INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of trusses and girders; and 3-D building information modeling and detailing for 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.