GSA Capital Partners LLP Has $893,000 Stake in Paramount Group, Inc. (NYSE:PGRE)

GSA Capital Partners LLP grew its position in Paramount Group, Inc. (NYSE:PGRE - Free Report) by 390.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 181,561 shares of the financial services provider's stock after purchasing an additional 144,539 shares during the period. GSA Capital Partners LLP owned approximately 0.08% of Paramount Group worth $893,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wolverine Asset Management LLC bought a new position in shares of Paramount Group in the third quarter worth $106,000. Asset Management One Co. Ltd. lifted its holdings in Paramount Group by 7.5% in the third quarter. Asset Management One Co. Ltd. now owns 257,029 shares of the financial services provider's stock worth $1,265,000 after purchasing an additional 18,005 shares during the period. Ground Swell Capital LLC bought a new position in Paramount Group in the 3rd quarter valued at about $67,000. Van ECK Associates Corp increased its stake in Paramount Group by 9.5% during the 3rd quarter. Van ECK Associates Corp now owns 36,906 shares of the financial services provider's stock valued at $190,000 after buying an additional 3,187 shares during the period. Finally, abrdn plc raised its position in shares of Paramount Group by 10.5% during the 3rd quarter. abrdn plc now owns 36,830 shares of the financial services provider's stock worth $181,000 after buying an additional 3,514 shares in the last quarter. Institutional investors own 65.64% of the company's stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company increased their price objective on shares of Paramount Group from $3.50 to $4.00 and gave the company an "underweight" rating in a report on Wednesday, September 11th.

Paramount Group Price Performance

PGRE stock traded down $0.21 during trading hours on Friday, hitting $4.82. 1,217,454 shares of the stock traded hands, compared to its average volume of 940,140. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.91. The stock has a 50-day simple moving average of $5.03 and a 200 day simple moving average of $4.88. Paramount Group, Inc. has a one year low of $4.21 and a one year high of $5.92. The company has a market cap of $1.05 billion, a P/E ratio of -4.92 and a beta of 1.25.

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.