Francesca’s Holdings Corp (NASDAQ:FRAN) Major Shareholder Acquires $94,500.00 in Stock

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Francesca’s Holdings Corp (NASDAQ:FRAN) major shareholder Cross River Capital Management acquired 175,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was purchased at an average cost of $0.54 per share, with a total value of $94,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Cross River Capital Management also recently made the following trade(s):

  • On Tuesday, June 18th, Cross River Capital Management bought 5,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.42 per share, with a total value of $2,100.00.
  • On Wednesday, June 12th, Cross River Capital Management bought 15,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.49 per share, with a total value of $7,350.00.
  • On Monday, June 10th, Cross River Capital Management bought 15,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.50 per share, with a total value of $7,500.00.
  • On Wednesday, June 5th, Cross River Capital Management bought 5,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.50 per share, with a total value of $2,500.00.
  • On Monday, June 3rd, Cross River Capital Management bought 15,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.49 per share, with a total value of $7,350.00.
  • On Wednesday, May 29th, Cross River Capital Management bought 20,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.50 per share, with a total value of $10,000.00.
  • On Friday, May 24th, Cross River Capital Management bought 25,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.52 per share, with a total value of $13,000.00.
  • On Monday, May 20th, Cross River Capital Management bought 78,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.56 per share, with a total value of $43,680.00.
  • On Thursday, May 16th, Cross River Capital Management bought 20,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.55 per share, with a total value of $11,000.00.
  • On Wednesday, July 10th, Cross River Capital Management bought 24,574 shares of Francesca’s stock. The shares were bought at an average cost of $4.62 per share, with a total value of $113,531.88.

NASDAQ:FRAN opened at $4.11 on Friday. The company’s 50 day moving average is $1.41. Francesca’s Holdings Corp has a 52 week low of $4.01 and a 52 week high of $99.24. The company has a debt-to-equity ratio of 3.69, a current ratio of 0.82 and a quick ratio of 0.43.

Francesca’s (NASDAQ:FRAN) last posted its earnings results on Friday, May 3rd. The specialty retailer reported ($0.12) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.20) by $1.08. The company had revenue of $119.31 million during the quarter. Francesca’s had a negative return on equity of 14.30% and a negative net margin of 11.38%.

Separately, ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a report on Monday, May 13th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $24.00.

Several hedge funds and other institutional investors have recently modified their holdings of FRAN. Two Sigma Securities LLC acquired a new position in shares of Francesca’s during the fourth quarter worth approximately $25,000. Hanson & Doremus Investment Management boosted its position in shares of Francesca’s by 700.7% during the first quarter. Hanson & Doremus Investment Management now owns 39,557 shares of the specialty retailer’s stock worth $27,000 after buying an additional 34,617 shares during the period. Citigroup Inc. boosted its position in shares of Francesca’s by 14,059.6% during the fourth quarter. Citigroup Inc. now owns 33,275 shares of the specialty retailer’s stock worth $32,000 after buying an additional 33,040 shares during the period. Rhumbline Advisers boosted its position in shares of Francesca’s by 16.5% during the fourth quarter. Rhumbline Advisers now owns 98,116 shares of the specialty retailer’s stock worth $95,000 after buying an additional 13,864 shares during the period. Finally, Stone Ridge Asset Management LLC boosted its position in shares of Francesca’s by 73.1% during the fourth quarter. Stone Ridge Asset Management LLC now owns 121,646 shares of the specialty retailer’s stock worth $118,000 after buying an additional 51,361 shares during the period. Institutional investors and hedge funds own 67.35% of the company’s stock.

About Francesca’s

Francesca's Holdings Corporation, through its subsidiaries, operates a chain of boutiques. The company offers fashion apparel, jewelry, accessories, and gifts for women between the ages of 18 and 35. Its apparel products include dresses, fashion tops, sweaters, cardigans and wraps, bottoms, outerwear and jackets, tees and tanks, and intimates; and jewelry comprise necklaces, earrings, bracelets, and rings.

Further Reading: How are institutional investors different from individual investors?

Insider Buying and Selling by Quarter for Francesca`s (NASDAQ:FRAN)

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