ARS Investment Partners LLC Has $421,000 Stake in INNOVATE Corp. (NYSE:VATE)

ARS Investment Partners LLC lifted its position in shares of INNOVATE Corp. (NYSE:VATE) by 38.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,170 shares of the company’s stock after purchasing an additional 23,500 shares during the quarter. ARS Investment Partners LLC’s holdings in INNOVATE were worth $421,000 at the end of the most recent reporting period.

Separately, Point72 Asia Singapore Pte. Ltd. purchased a new stake in INNOVATE in the 2nd quarter valued at $35,000. 34.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at INNOVATE

In other INNOVATE news, CEO Paul Voigt bought 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was purchased at an average cost of $3.98 per share, with a total value of $99,500.00. Following the transaction, the chief executive officer now directly owns 25,000 shares in the company, valued at $99,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 55.20% of the stock is currently owned by insiders.

INNOVATE Price Performance

NYSE VATE opened at $5.11 on Tuesday. The business has a fifty day simple moving average of $5.27 and a 200 day simple moving average of $4.93. INNOVATE Corp. has a 12 month low of $3.25 and a 12 month high of $10.80.

INNOVATE Company Profile

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.