INNOVATE Corp. (NYSE:VATE) CEO Buys $99,500.00 in Stock

INNOVATE Corp. (NYSE:VATE) CEO Paul Voigt purchased 25,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was bought at an average price of $3.98 per share, for a total transaction of $99,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 25,000 shares in the company, valued at approximately $99,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

INNOVATE Price Performance

VATE opened at $5.99 on Friday. The firm has a market capitalization of $79.43 million, a PE ratio of -1.67 and a beta of 2.38. The business’s 50-day moving average is $4.73 and its two-hundred day moving average is $5.25. INNOVATE Corp. has a 1 year low of $3.25 and a 1 year high of $14.60.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VATE. Gabelli Funds LLC raised its stake in INNOVATE by 20.9% in the second quarter. Gabelli Funds LLC now owns 289,801 shares of the company’s stock valued at $175,000 after buying an additional 50,000 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of INNOVATE in the 2nd quarter valued at approximately $35,000. Teton Advisors Inc. raised its position in shares of INNOVATE by 28.6% in the 1st quarter. Teton Advisors Inc. now owns 295,734 shares of the company’s stock valued at $207,000 after purchasing an additional 65,734 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in INNOVATE by 14.2% in the 1st quarter. Vanguard Group Inc. now owns 2,740,357 shares of the company’s stock worth $1,920,000 after purchasing an additional 341,653 shares in the last quarter. Institutional investors own 34.28% of the company’s stock.

About INNOVATE

INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of trusses and girders; and 3-D building information modeling and detailing for commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants.