Pacific Grove Capital LP Purchases New Position in FORM Holdings Corp. (FH)

Pacific Grove Capital LP acquired a new position in FORM Holdings Corp. (NASDAQ:FH) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 443,163 shares of the company’s stock, valued at approximately $616,000. Pacific Grove Capital LP owned about 1.67% of FORM at the end of the most recent quarter.

Separately, Manatuck Hill Partners LLC boosted its holdings in FORM by 25.0% in the 2nd quarter. Manatuck Hill Partners LLC now owns 125,000 shares of the company’s stock worth $206,000 after buying an additional 25,000 shares during the last quarter. 22.65% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research cut FORM from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th.

In related news, Director Andrew R. Heyer bought 100,000 shares of the stock in a transaction dated Wednesday, September 13th. The shares were acquired at an average cost of $1.32 per share, for a total transaction of $132,000.00. Following the acquisition, the director now directly owns 115,000 shares in the company, valued at approximately $151,800. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have bought 120,000 shares of company stock worth $157,300. Insiders own 26.40% of the company’s stock.

Shares of FORM Holdings Corp. (NASDAQ FH) opened at $1.16 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.68 and a debt-to-equity ratio of 0.12. FORM Holdings Corp. has a twelve month low of $1.11 and a twelve month high of $2.60.

FORM (NASDAQ:FH) last posted its quarterly earnings data on Thursday, November 9th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.08). The firm had revenue of $17.73 million during the quarter, compared to analyst estimates of $18.68 million. FORM had a negative return on equity of 34.86% and a negative net margin of 43.21%. sell-side analysts anticipate that FORM Holdings Corp. will post -0.96 EPS for the current year.

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FORM Profile

FORM Holdings Corp., together with its subsidiaries, develops, acquires, and monetizes intellectual property worldwide. It operates through four segments: XpresSpa, Group Mobile, FLI Charge, and Intellectual Property. The company offers spa services and related products that include massage services for the neck, back, feet, and whole body; nail care, such as pedicures, manicures, and polish changes; and travel products comprising neck pillows, blankets, massage tools, and eye masks.

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