B. Riley Wealth Advisors Inc. Has $59,000 Holdings in Clipper Realty Inc. (NYSE:CLPR)

B. Riley Wealth Advisors Inc. lessened its stake in shares of Clipper Realty Inc. (NYSE:CLPR) by 44.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,342 shares of the company’s stock after selling 8,142 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Clipper Realty were worth $59,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC boosted its position in Clipper Realty by 3.2% during the third quarter. Geode Capital Management LLC now owns 292,811 shares of the company’s stock worth $1,669,000 after purchasing an additional 9,009 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of Clipper Realty by 23.0% during the 3rd quarter. Penserra Capital Management LLC now owns 255,470 shares of the company’s stock worth $1,456,000 after buying an additional 47,740 shares during the period. Barclays PLC grew its stake in Clipper Realty by 18.8% in the 3rd quarter. Barclays PLC now owns 82,621 shares of the company’s stock valued at $472,000 after buying an additional 13,100 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Clipper Realty by 192.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 78,703 shares of the company’s stock valued at $449,000 after buying an additional 51,819 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Clipper Realty by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,569 shares of the company’s stock worth $180,000 after acquiring an additional 1,873 shares during the period. Institutional investors and hedge funds own 37.57% of the company’s stock.

Clipper Realty Price Performance

CLPR stock opened at $5.80 on Monday. The stock has a market capitalization of $93.25 million, a price-to-earnings ratio of -20.00 and a beta of 1.26. The company has a 50-day moving average of $5.66 and a two-hundred day moving average of $4.87. Clipper Realty Inc. has a 52-week low of $3.38 and a 52-week high of $7.12.

Clipper Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $0.095 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.38 annualized dividend and a yield of 6.55%. Clipper Realty’s payout ratio is -131.03%.

Clipper Realty Profile

Clipper Realty Inc (NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates, and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn.