Naked Brand Group Ltd (NASDAQ:NAKD) traded down 11.3% during mid-day trading on Thursday . The stock traded as low as $1.45 and last traded at $1.42. 500 shares were traded during trading, a decline of 100% from the average session volume of 525,816 shares. The stock had previously closed at $1.60.
An institutional investor recently bought a new position in Naked Brand Group stock. Maso Capital Partners Ltd purchased a new stake in shares of Naked Brand Group Ltd (NASDAQ:NAKD) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 1,333,334 shares of the company’s stock, valued at approximately $8,453,000. Naked Brand Group comprises about 4.8% of Maso Capital Partners Ltd’s investment portfolio, making the stock its 5th biggest position. Maso Capital Partners Ltd owned 5.81% of Naked Brand Group as of its most recent filing with the SEC. Hedge funds and other institutional investors own 13.59% of the company’s stock.
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Naked Brand Group Limited designs, manufactures, and markets intimate, apparel, and swimwear products worldwide. The company has a portfolio of 11 company-owned and licensed brands, including Heidi Klum Intimates, Heidi Klum Accessories, Bendon, Fayreform, Pleasure State, Lovable, Heidi Klum Swim, Naked, Hickory, Bendon Man, and Davenport.
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