FNY Investment Advisers LLC increased its holdings in Differential Brands Group Inc (NASDAQ:DFBG) by 96.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 78,600 shares of the textile maker’s stock after acquiring an additional 38,600 shares during the quarter. FNY Investment Advisers LLC’s holdings in Differential Brands Group were worth $319,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Family Management Corp purchased a new stake in shares of Differential Brands Group in the second quarter worth $808,000. Altfest L J & Co. Inc. raised its position in shares of Differential Brands Group by 381.3% in the second quarter. Altfest L J & Co. Inc. now owns 94,306 shares of the textile maker’s stock worth $363,000 after buying an additional 74,713 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Differential Brands Group by 28.0% in the second quarter. Renaissance Technologies LLC now owns 61,782 shares of the textile maker’s stock worth $238,000 after buying an additional 13,500 shares in the last quarter. Institutional investors own 6.71% of the company’s stock.
NASDAQ DFBG opened at $4.21 on Tuesday. Differential Brands Group Inc has a twelve month low of $0.70 and a twelve month high of $6.89. The company has a quick ratio of 1.01, a current ratio of 2.07 and a debt-to-equity ratio of 1.55.
Separately, Zacks Investment Research upgraded Differential Brands Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 18th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $1.50.
About Differential Brands Group
Differential Brands Group Inc engages in the design, development, sale, and licensing of apparel products and accessories under the Robert Graham brand name worldwide. It operates through Wholesale and Consumer Direct segments. The company's product line includes men's sport shirts, knits, sweaters, polos, T-shirts, denim jeans, bottoms, shorts, sport coats, outerwear, and swimwear; shoes, belts, small leather goods, dress shirts, neckwear, tailored clothing, headwear, eye and sun glasses, jewelry, hosiery, underwear, loungewear, and fragrances for men that are produced through third parties under various license agreements; and women's apparel.
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