In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Trinity Place Holdings Inc. (NYSEMKT:TPHS) reported that Marcato Capital Management has picked up 4,136,481 of common stock as of 2017-04-05.

The acquisition brings the aggregate amount owned by Marcato Capital Management to a total of 4,136,481 representing a 14.1% stake in the company.

For those not familiar with the company, Trinity Place Holdings Inc. is a publicly traded vertically integrated real estate company focused on appropriate risk-adjusted real estate investments in the United States. The Company currently has over 500,000 square feet in active management and/or under development.

A glance at Trinity Place Holdings Inc. (NYSEMKT:TPHS)’s key stats reveals a current market capitalization of 212.45 Million based on 29.34 Million shares outstanding and a price at last close of $7.24 per share.

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

Specifically, on 2017-02-14, Mfp picked up 136,449 at a purchase price of $7.50. This brings their total holding to 3,670,577 as of the date of the filing.

On the sell side, the most recent transaction saw Marcato unload 12,200 shares at a sale price of $7.24. This brings their total holding to 4,136,481.

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 Trinity Place Holdings Inc. (NYSEMKT:TPHS) as things move forward to see if its progress aligns with these transactions.

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