EAM Investors LLC bought a new position in shares of Vince Holding Corp (NYSE:VNCE) during the third quarter, Holdings Channel reports. The fund bought 34,696 shares of the textile maker’s stock, valued at approximately $512,000.
A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. raised its stake in Vince by 24.4% during the second quarter. BlackRock Inc. now owns 42,116 shares of the textile maker’s stock worth $694,000 after purchasing an additional 8,273 shares during the period. Dimensional Fund Advisors LP purchased a new position in Vince during the second quarter worth about $196,000. JPMorgan Chase & Co. raised its stake in Vince by 2,620.7% during the first quarter. JPMorgan Chase & Co. now owns 18,936 shares of the textile maker’s stock worth $169,000 after purchasing an additional 18,240 shares during the period. MYDA Advisors LLC purchased a new position in Vince during the second quarter worth about $330,000. Finally, Renaissance Technologies LLC raised its stake in Vince by 58.5% during the second quarter. Renaissance Technologies LLC now owns 117,104 shares of the textile maker’s stock worth $1,931,000 after purchasing an additional 43,204 shares during the period. 7.94% of the stock is currently owned by institutional investors.
Separately, TheStreet raised shares of Vince from a “d” rating to a “c-” rating in a research note on Wednesday, September 19th.
Vince (NYSE:VNCE) last released its quarterly earnings results on Thursday, September 13th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.34). The company had revenue of $63.13 million during the quarter. Vince had a net margin of 25.27% and a negative return on equity of 15.86%.
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Vince Holding Corp. designs, merchandises, and sells luxury apparel and accessories in the United States and internationally. The company operates in two segments, Wholesale and Direct-To-Consumer. It offers a range of women's products, such as cashmere sweaters, silk blouses, leather and suede leggings and jackets, dresses, skirts, denims, pants, T-shirts, handbags, footwear, and outerwear; and men's products comprising T-shirts, knit and woven tops, sweaters, denim, pants, blazers, footwear, and outerwear under the Vince brand.
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