Sequential Brands Group Inc (NASDAQ:SQBG) Major Shareholder Matthew Eby Purchases 91,200 Shares

Sequential Brands Group Inc (NASDAQ:SQBG) major shareholder Matthew Eby acquired 91,200 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average price of $1.60 per share, with a total value of $145,920.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Sequential Brands Group Inc (NASDAQ:SQBG) opened at $1.79 on Monday. Sequential Brands Group Inc has a 52-week low of $1.36 and a 52-week high of $5.50. The stock has a market cap of $113.04, a P/E ratio of 9.42, a price-to-earnings-growth ratio of 0.25 and a beta of 0.47. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.16.

Sequential Brands Group (NASDAQ:SQBG) last announced its earnings results on Thursday, November 9th. The textile maker reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.02). Sequential Brands Group had a positive return on equity of 2.26% and a negative net margin of 14.35%. The business had revenue of $39.00 million for the quarter, compared to analyst estimates of $43.66 million. During the same quarter in the previous year, the company earned $0.12 EPS. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. sell-side analysts expect that Sequential Brands Group Inc will post 0.48 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of SQBG. Goldman Sachs Group Inc. raised its stake in shares of Sequential Brands Group by 1,114.2% during the second quarter. Goldman Sachs Group Inc. now owns 2,363,853 shares of the textile maker’s stock valued at $9,432,000 after acquiring an additional 2,169,169 shares during the last quarter. Prescott Group Capital Management L.L.C. raised its stake in shares of Sequential Brands Group by 2.8% during the second quarter. Prescott Group Capital Management L.L.C. now owns 1,876,134 shares of the textile maker’s stock valued at $7,486,000 after acquiring an additional 51,000 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co increased its position in shares of Sequential Brands Group by 120.0% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 110,000 shares of the textile maker’s stock worth $329,000 after buying an additional 60,000 shares during the period. Emerald Advisers Inc. PA increased its position in shares of Sequential Brands Group by 14.5% during the third quarter. Emerald Advisers Inc. PA now owns 1,362,730 shares of the textile maker’s stock worth $4,075,000 after buying an additional 172,382 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Sequential Brands Group by 15.3% during the first quarter. Wells Fargo & Company MN now owns 41,404 shares of the textile maker’s stock worth $161,000 after buying an additional 5,482 shares during the period. Institutional investors and hedge funds own 50.29% of the company’s stock.

SQBG has been the subject of several research analyst reports. B. Riley reissued a “buy” rating and issued a $7.00 price target on shares of Sequential Brands Group in a report on Monday, November 6th. Cowen reaffirmed a “hold” rating and issued a $6.00 price objective on shares of Sequential Brands Group in a research report on Thursday, September 28th. ValuEngine cut shares of Sequential Brands Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Roth Capital cut shares of Sequential Brands Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $3.25 to $2.00 in a report on Monday, November 13th. < Finally, Canaccord Genuity cut shares of Sequential Brands Group from a "buy" rating to a "hold" rating and dropped their target price for the company from $6.00 to $1.50 in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Sequential Brands Group currently has a consensus rating of "Hold" and an average price target of $6.92.

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About Sequential Brands Group

Sequential Brands Group, Inc owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories. The Company’s portfolio of consumer brands includes Martha Stewart, Emeril Lagasse, Jessica Simpson, Joe’s Jeans, William Rast, Ellen Tracy, Revo, AND1 and Avia. The Company’s brands are licensed for a range of product categories, including apparel, footwear, eyewear, fashion accessories and home goods.

Insider Buying and Selling by Quarter for Sequential Brands Group (NASDAQ:SQBG)

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