Insider Buying: Generation Income Properties (NASDAQ:GIPR) CEO Buys 20,200 Shares of Stock

Generation Income Properties, Inc. (NASDAQ:GIPR - Get Free Report) CEO David Sobelman bought 20,200 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was bought at an average cost of $1.02 per share, for a total transaction of $20,604.00. Following the completion of the purchase, the chief executive officer directly owned 203,998 shares of the company's stock, valued at $208,077.96. This represents a 10.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Generation Income Properties Trading Up 5.6%

Shares of GIPR opened at $0.9445 on Friday. The firm's 50 day simple moving average is $1.30 and its 200 day simple moving average is $1.50. The company has a market capitalization of $5.14 million, a P/E ratio of -0.50 and a beta of -0.07. The company has a debt-to-equity ratio of 20.28, a current ratio of 0.16 and a quick ratio of 0.29. Generation Income Properties, Inc. has a 1-year low of $0.7806 and a 1-year high of $2.71.

Generation Income Properties (NASDAQ:GIPR - Get Free Report) last announced its earnings results on Friday, August 15th. The company reported ($0.63) earnings per share for the quarter, missing analysts' consensus estimates of ($0.43) by ($0.20). The company had revenue of $2.43 million during the quarter, compared to analysts' expectations of $2.38 million. Generation Income Properties had a negative net margin of 105.40% and a negative return on equity of 247.43%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Generation Income Properties stock. Gator Capital Management LLC grew its holdings in shares of Generation Income Properties, Inc. (NASDAQ:GIPR - Free Report) by 12.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 228,643 shares of the company's stock after acquiring an additional 24,443 shares during the quarter. Gator Capital Management LLC owned 4.20% of Generation Income Properties worth $334,000 at the end of the most recent quarter. 20.72% of the stock is owned by hedge funds and other institutional investors.

About Generation Income Properties

(Get Free Report)

Generation Income Properties, Inc, located in Tampa, Florida, is an internally managed real estate investment trust formed to acquire and own, directly and jointly, real estate investments focused on retail, office, and industrial net lease properties in densely populated submarkets.

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