Prescott Group Capital Managem Purchases 151,900 Shares of Sequential Brands Group Inc (SQBG) Stock

Sequential Brands Group Inc (NASDAQ:SQBG) major shareholder Prescott Group Capital Managem bought 151,900 shares of Sequential Brands Group stock in a transaction dated Monday, November 19th. The stock was purchased at an average cost of $0.94 per share, with a total value of $142,786.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Sequential Brands Group stock opened at $0.95 on Friday. Sequential Brands Group Inc has a fifty-two week low of $0.90 and a fifty-two week high of $2.49. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $61.07 million, a PE ratio of 2.16, a PEG ratio of 0.17 and a beta of 0.15.

Sequential Brands Group (NASDAQ:SQBG) last posted its earnings results on Wednesday, November 7th. The textile maker reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.10). Sequential Brands Group had a negative net margin of 101.91% and a positive return on equity of 6.02%. The firm had revenue of $40.77 million during the quarter, compared to analysts’ expectations of $44.50 million. On average, equities research analysts expect that Sequential Brands Group Inc will post 0.38 EPS for the current year.

Several research firms have recently weighed in on SQBG. Roth Capital set a $2.00 target price on Sequential Brands Group and gave the company a “hold” rating in a report on Wednesday, August 8th. ValuEngine downgraded Sequential Brands Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 2nd. Finally, Zacks Investment Research downgraded Sequential Brands Group from a “hold” rating to a “sell” rating in a report on Saturday, November 10th.

Several institutional investors have recently bought and sold shares of SQBG. Hartford Investment Management Co. purchased a new stake in Sequential Brands Group during the 2nd quarter valued at approximately $188,000. JPMorgan Chase & Co. raised its stake in Sequential Brands Group by 70.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 144,210 shares of the textile maker’s stock valued at $241,000 after acquiring an additional 59,851 shares during the last quarter. LMR Partners LLP purchased a new stake in Sequential Brands Group during the 2nd quarter valued at approximately $257,000. Paloma Partners Management Co purchased a new stake in Sequential Brands Group during the 2nd quarter valued at approximately $381,000. Finally, Bank of America Corp DE raised its stake in Sequential Brands Group by 14.1% during the 2nd quarter. Bank of America Corp DE now owns 197,111 shares of the textile maker’s stock valued at $389,000 after acquiring an additional 24,363 shares during the last quarter. 44.39% of the stock is owned by institutional investors and hedge funds.

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Sequential Brands Group Company Profile

Sequential Brands Group, Inc owns, promotes, markets, and licenses a portfolio of consumer brands in the United States and internationally. It offers products in the apparel, footwear, eyewear, fashion accessories, and home goods categories under the Jessica Simpson, AND1, Avia, GAIAM, Joe's Jeans, Ellen Tracy, Emeril Lagasse, William Rast, Heelys, Revo, Caribbean Joe, DVS, The Franklin Mint, Linens N Things, SPRI, Nevados, and FUL brand names; and food, wine, magazines, books, and other print and digital content categories under the Martha Stewart brand name.

See Also: Intrinsic Value

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