Insider Buying: HomeFed Co. (HOFD) Major Shareholder Acquires 783,889 Shares of Stock

HomeFed Co. (NASDAQ:HOFD) major shareholder National Corp Leucadia purchased 783,889 shares of HomeFed stock in a transaction on Thursday, March 23rd. The stock was bought at an average cost of $39.95 per share, with a total value of $31,316,365.55. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of HomeFed Co. (NASDAQ:HOFD) traded down 1.78% during mid-day trading on Monday, hitting $44.20. The company’s stock had a trading volume of 334 shares. HomeFed Co. has a 1-year low of $32.56 and a 1-year high of $50.05. The company has a 50-day moving average price of $45.75 and a 200-day moving average price of $45.71. The stock has a market cap of $682.80 million and a PE ratio of 18.59.

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About HomeFed

HomeFed Corporation is a developer and owner of residential and mixed-use real estate projects in California, Virginia, South Carolina, Florida, Maine and New York. The Company operates through three segments: real estate, farming and corporate. Its real estate operations consist of a range of residential and commercial land development projects and other unimproved land, all in various stages of development, and retail and office operating properties.

5 Day Chart for NASDAQ:HOFD

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