A Major Shareholder at Griffin Land & Nurseries (GRIF) is Buying Shares


Today, a Major Shareholder at Griffin Land & Nurseries (NASDAQ: GRIF), Lucy Danziger, bought shares of GRIF for $496.1K.

Following this transaction Lucy Danziger’s holding in the company was increased by 23.61% to a total of $14.17 million. Following Lucy Danziger’s last GRIF Buy transaction on April 22, 2015, the stock climbed by 8.8%.

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Based on Griffin Land & Nurseries’ latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $8.31 million and GAAP net loss of $1.72 million. In comparison, last year the company earned revenue of $6.98 million and had a GAAP net loss of $939K. GRIF’s market cap is $199.5M and the company has a P/E ratio of 52.48. Currently, Griffin Land & Nurseries has an average volume of 878.

In the last 30 days, insiders have sold $188.7K worth of GRIF shares and purchased $1.2M worth of GRIF shares. The insider sentiment on Griffin Land & Nurseries has been neutral according to 26 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Griffin Industrial Realty, Inc. is engaged in in developing, managing and leasing industrial/warehouse properties, and to a lesser extent, office/flex properties. The company was founded in 1970 and is headquartered in New York, NY.

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