Levinson Sam is Buying Clipper Realty Inc. (NYSE:CLPR) Shares


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Clipper Realty Inc. (NYSE:CLPR) reported that Levinson Sam has picked up 8,848,104 of common stock as of 2017-06-13.

The acquisition brings the aggregate amount owned by Levinson Sam to a total of 8,848,104 representing 35.2% stake in the company.

For those not familiar with the company, Clipper Realty, Inc. is a real estate investment trust, which acquires, owns, manages, operates and repositions multi-family residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. The Company’s segments include Commercial and Residential. As of June 30, 2016, it owned two residential/retail rental properties at 50 Murray Street and 53 Park Place in the Tribeca neighborhood of Manhattan, referred to as the Tribeca House properties. As of June 30, 2016, it also owned a residential property complex in the East Flatbush neighborhood of Brooklyn consisting of 59 buildings, referred to as the Flatbush Gardens properties or complex. As of June 30, 2016, it owned two primarily commercial properties in Downtown Brooklyn (one of which included 36 residential apartment units), referred to as the 141 Livingston Street property and the 250 Livingston Street property, and also owned the Aspen property.

A glance at Clipper Realty Inc. (NYSE:CLPR) key stats reveals a current market capitalization of 248.94 Million based on 17.81 Million shares outstanding and a price at last close of $12.35 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-06-09, Levinson picked up 13,000 at a purchase price of $11.25. This brings their total holding to 134,482 as of the date of the filing.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Clipper Realty Inc. (NYSE:CLPR) as things move forward to see if its progress aligns with these transactions.

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