Wolverine Asset Management LLC Sells 14,986 Shares of Paramount Group, Inc. (NYSE:PGRE)

Wolverine Asset Management LLC lowered its holdings in shares of Paramount Group, Inc. (NYSE:PGRE) by 69.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,536 shares of the financial services provider’s stock after selling 14,986 shares during the period. Wolverine Asset Management LLC’s holdings in Paramount Group were worth $32,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PGRE. JPMorgan Chase & Co. boosted its position in Paramount Group by 21.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,517,829 shares of the financial services provider’s stock valued at $12,388,000 after buying an additional 443,777 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in Paramount Group by 782.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 356,825 shares of the financial services provider’s stock valued at $1,756,000 after buying an additional 316,399 shares during the period. Geode Capital Management LLC boosted its position in Paramount Group by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,695,561 shares of the financial services provider’s stock valued at $23,107,000 after buying an additional 345,450 shares during the period. Franklin Resources Inc. purchased a new stake in Paramount Group during the 3rd quarter valued at $643,000. Finally, Barclays PLC boosted its position in Paramount Group by 95.5% during the 3rd quarter. Barclays PLC now owns 455,700 shares of the financial services provider’s stock valued at $2,242,000 after buying an additional 222,656 shares during the period. Institutional investors own 65.64% of the company’s stock.

Paramount Group Trading Down 0.3 %

Shares of PGRE opened at $4.51 on Tuesday. The stock has a market capitalization of $979.92 million, a P/E ratio of -4.60 and a beta of 1.22. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91. The firm has a fifty day simple moving average of $4.75 and a two-hundred day simple moving average of $4.88. Paramount Group, Inc. has a twelve month low of $4.21 and a twelve month high of $5.47.

About Paramount Group

Paramount Group, Inc (“Paramount” or the “Company”) is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.