In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Presidential Realty Corp. (OTCMKTS:PDNLB) reported that Kcg Americas Llc. has picked up 19,666 of common stock as of 2017-02-08.
The acquisition brings the aggregate amount owned by Kcg Americas Llc. to a total of 19,666 representing a 4.44% stake in the company.
For those not familiar with the company, Presidential Realty Corporation is a self-administrated, self-managed real estate investment trust. The Company holds, directly or indirectly, interests in real estate and interests in entities that own real estate. The Company’s segment includes investments in real estate related assets. The Company holds interests in the Mapletree Industrial Center located in Palmer, Massachusetts. The Mapletree Industrial Center is a multi-tenant rental facility. The Mapletree Industrial Center property consists of approximately 30 buildings located on over 50 acres. The property offers traditional office space and industrial/warehouse space, along with vacant land with rail access ready for development. The buildings comprise a total of approximately 418,680 square feet, with over 393,488 square feet of rentable space.
A glance at Presidential Realty Corp. (OTCMKTS:PDNLB)’s key stats reveals a current market capitalization of 2.00 million based on 3.85 million shares outstanding and a price at last close of $0.284 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2012-07-24, Rogers picked up 40,000 at a purchase price of $0.75. This brings their total holding to 40,076 as of the date of the filing.
On the sell side, the most recent transaction saw Singley unload 93,333 shares at a sale price of $0.75. This brings their total holding to 286,219.
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 Presidential Realty Corp. (OTCMKTS:PDNLB) as things move forward to see if its progress aligns with these transactions.
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