S& P 500 hits all time highs U.S.-Japan trade deal optimism
NEW YORK—MFP Partners LP, a significant shareholder in Trinity Place Holdings Inc. (AMEX:TPHS), disclosed the sale of 300,000 shares of the company’s common stock, according to a recent SEC filing. The shares were sold at a price of $0.05 each, totaling $15,000. Following the transaction on February 6, MFP Partners retains ownership of 8,232,617 shares. The sale comes as TPHS, currently valued at $3.4 million in market capitalization, has seen its stock price decline 76% over the past year. InvestingPro analysis indicates the company’s overall financial health score is currently weak.
The sale was reported jointly by MFP Partners, MFP Investors LLC, and Jennifer Cook Price, who is a managing director of both entities. While MFP Partners directly owns the shares, the other parties involved are considered indirect beneficial owners, although they disclaim ownership beyond their pecuniary interest. Despite recent challenges, InvestingPro data shows the stock has posted a 15% gain over the past week, with 8 additional real-time insights available to subscribers.
This transaction is part of the ongoing activities of MFP Partners, a major investor in the real estate operator Trinity Place Holdings, which is based in New York. The company maintains a current ratio of 1.01, indicating its ability to meet short-term obligations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.