Iconix Brand Group (ICON) Sets New 52-Week Low at $0.15

Iconix Brand Group, Inc. (NASDAQ:ICON) shares reached a new 52-week low on Friday . The stock traded as low as $0.15 and last traded at $0.16, with a volume of 83930 shares trading hands. The stock had previously closed at $0.21.

The company has a market cap of $14.33 million, a price-to-earnings ratio of 0.40 and a beta of 1.14.

Iconix Brand Group (NASDAQ:ICON) last released its quarterly earnings data on Wednesday, August 8th. The brand management company reported $0.12 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. The firm had revenue of $50.21 million for the quarter. Iconix Brand Group had a negative net margin of 281.71% and a negative return on equity of 52.93%.

In other Iconix Brand Group news, Chairman F Peter Cuneo sold 179,992 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $0.26, for a total value of $46,797.92. Following the transaction, the chairman now owns 329,949 shares in the company, valued at approximately $85,786.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of ICON. Nomura Holdings Inc. raised its position in Iconix Brand Group by 22.2% in the second quarter. Nomura Holdings Inc. now owns 1,081,307 shares of the brand management company’s stock valued at $631,000 after purchasing an additional 196,793 shares during the period. Jane Street Group LLC purchased a new stake in Iconix Brand Group in the second quarter valued at approximately $147,000. Finally, Paloma Partners Management Co increased its position in shares of Iconix Brand Group by 610.7% during the second quarter. Paloma Partners Management Co now owns 243,900 shares of the brand management company’s stock worth $142,000 after acquiring an additional 209,581 shares during the period. 26.67% of the stock is owned by institutional investors.

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Iconix Brand Group Company Profile (NASDAQ:ICON)

Iconix Brand Group, Inc is a brand management company. As of December 31, 2016, the Company owned a portfolio of over 30 global consumer brands across women’s, men’s, and home categories. The Company operates through segments: men’s, women’s, home and international. The Company’s brand portfolio includes brands, such as Candie’s, Bongo, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Umbro, Lee Cooper and Artful Dodger, and interests in Material Girl, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands.

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