Prescott Group Capital Managem Acquires 480,818 Shares of Sequential Brands Group Inc (SQBG) Stock

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Sequential Brands Group Inc (NASDAQ:SQBG) major shareholder Prescott Group Capital Managem bought 480,818 shares of the firm’s stock in a transaction on Monday, December 31st. The shares were bought at an average price of $0.71 per share, for a total transaction of $341,380.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Prescott Group Capital Managem also recently made the following trade(s):

  • On Tuesday, December 31st, Prescott Group Capital Managem bought 27,920 shares of Sequential Brands Group stock. The shares were bought at an average price of $0.79 per share, for a total transaction of $22,056.80.
  • On Saturday, December 28th, Prescott Group Capital Managem bought 452,898 shares of Sequential Brands Group stock. The shares were bought at an average price of $0.71 per share, for a total transaction of $321,557.58.
  • On Wednesday, December 26th, Prescott Group Capital Managem bought 338,358 shares of Sequential Brands Group stock. The shares were bought at an average price of $0.68 per share, for a total transaction of $230,083.44.
  • On Thursday, December 20th, Prescott Group Capital Managem bought 46,966 shares of Sequential Brands Group stock. The shares were bought at an average price of $0.74 per share, for a total transaction of $34,754.84.
  • On Friday, December 14th, Prescott Group Capital Managem bought 3,554 shares of Sequential Brands Group stock. The shares were bought at an average price of $0.78 per share, for a total transaction of $2,772.12.
  • On Monday, December 10th, Prescott Group Capital Managem bought 118,195 shares of Sequential Brands Group stock. The shares were bought at an average price of $0.87 per share, for a total transaction of $102,829.65.
  • On Wednesday, November 21st, Prescott Group Capital Managem acquired 11,942 shares of Sequential Brands Group stock. The stock was acquired at an average price of $0.92 per share, for a total transaction of $10,986.64.
  • On Monday, November 19th, Prescott Group Capital Managem acquired 151,900 shares of Sequential Brands Group stock. The stock was acquired at an average price of $0.94 per share, for a total transaction of $142,786.00.

SQBG stock opened at $0.92 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.69. The company has a market cap of $58.63 million, a P/E ratio of 2.08, a PEG ratio of 0.10 and a beta of 0.31. Sequential Brands Group Inc has a 12-month low of $0.67 and a 12-month high of $2.49.

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

A number of research firms have weighed in on SQBG. Zacks Investment Research upgraded Sequential Brands Group from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine lowered Sequential Brands Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd.

Several hedge funds have recently bought and sold shares of SQBG. JPMorgan Chase & Co. increased its holdings in shares of Sequential Brands Group by 70.9% during the third quarter. JPMorgan Chase & Co. now owns 144,210 shares of the textile maker’s stock valued at $241,000 after purchasing an additional 59,851 shares during the period. Paloma Partners Management Co acquired a new position in shares of Sequential Brands Group during the second quarter valued at $381,000. Bank of America Corp DE increased its holdings in shares of Sequential Brands Group by 14.1% during the second quarter. Bank of America Corp DE now owns 197,111 shares of the textile maker’s stock valued at $389,000 after purchasing an additional 24,363 shares during the period. Millennium Management LLC acquired a new position in shares of Sequential Brands Group during the second quarter valued at $1,118,000. Finally, Vanguard Group Inc. increased its holdings in shares of Sequential Brands Group by 14.3% during the third quarter. Vanguard Group Inc. now owns 1,580,464 shares of the textile maker’s stock valued at $2,640,000 after purchasing an additional 198,105 shares during the period. 42.57% of the stock is currently owned by institutional investors and hedge funds.

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About Sequential Brands Group

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.

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