Sequential Brands Group Inc (NASDAQ:SQBG) major shareholder Tcp Wr Acquisition Llc purchased 194,464 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average price of $1.64 per share, for a total transaction of $318,920.96. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Sequential Brands Group Inc (NASDAQ:SQBG) opened at $1.79 on Monday. Sequential Brands Group Inc has a one year low of $1.36 and a one year high of $5.50. The stock has a market cap of $113.04, a price-to-earnings ratio of 9.42, a P/E/G ratio of 0.25 and a beta of 0.47. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.16.
Sequential Brands Group (NASDAQ:SQBG) last released its quarterly earnings results on Thursday, November 9th. The textile maker reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Sequential Brands Group had a negative net margin of 14.35% and a positive return on equity of 2.26%. The company had revenue of $39.00 million during the quarter, compared to analyst estimates of $43.66 million. During the same period in the prior year, the business posted $0.12 EPS. Sequential Brands Group’s revenue was down 7.1% compared to the same quarter last year. equities analysts expect that Sequential Brands Group Inc will post 0.48 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in SQBG. Goldman Sachs Group Inc. grew its stake in Sequential Brands Group by 1,114.2% in the 2nd 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 period. Emerald Advisers Inc. PA lifted its holdings in Sequential Brands Group by 14.5% in the 3rd quarter. Emerald Advisers Inc. PA now owns 1,362,730 shares of the textile maker’s stock valued at $4,075,000 after purchasing an additional 172,382 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in Sequential Brands Group in the 2nd quarter valued at $407,000. Eagle Asset Management Inc. lifted its holdings in Sequential Brands Group by 41.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 317,945 shares of the textile maker’s stock valued at $953,000 after purchasing an additional 92,433 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Sequential Brands Group by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,626,499 shares of the textile maker’s stock valued at $6,489,000 after purchasing an additional 61,722 shares in the last quarter. 50.29% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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