Insider Buying: Francesca’s Holdings Corp (NASDAQ:FRAN) Major Shareholder Acquires 78,000 Shares of Stock

Francesca’s Holdings Corp (NASDAQ:FRAN) major shareholder Cross River Capital Management acquired 78,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were bought at an average cost of $0.56 per share, for a total transaction of $43,680.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, June 18th, Cross River Capital Management acquired 5,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.42 per share, for a total transaction of $2,100.00.
  • On Wednesday, June 12th, Cross River Capital Management acquired 15,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.49 per share, for a total transaction of $7,350.00.
  • On Monday, June 10th, Cross River Capital Management acquired 15,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.50 per share, for a total transaction of $7,500.00.
  • On Wednesday, June 5th, Cross River Capital Management acquired 5,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.50 per share, for a total transaction of $2,500.00.
  • On Monday, June 3rd, Cross River Capital Management acquired 15,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.49 per share, for a total transaction of $7,350.00.
  • On Wednesday, May 29th, Cross River Capital Management acquired 20,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.50 per share, for a total transaction of $10,000.00.
  • On Friday, May 24th, Cross River Capital Management acquired 25,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.52 per share, for a total transaction of $13,000.00.
  • On Wednesday, May 22nd, Cross River Capital Management acquired 175,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.54 per share, for a total transaction of $94,500.00.
  • On Thursday, May 16th, Cross River Capital Management acquired 20,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.55 per share, for a total transaction of $11,000.00.
  • On Wednesday, July 10th, Cross River Capital Management acquired 24,574 shares of Francesca’s stock. The shares were bought at an average cost of $4.62 per share, for a total transaction of $113,531.88.

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

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FRAN. Apis Capital Advisors LLC acquired a new position in shares of Francesca’s in the 1st quarter worth $119,000. Shah Capital Management acquired a new position in shares of Francesca’s in the 1st quarter worth $988,000. Hanson & Doremus Investment Management grew its holdings 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 valued at $27,000 after buying an additional 34,617 shares in the last quarter. Hodges Capital Management Inc. grew its holdings in shares of Francesca’s by 20.0% during the first quarter. Hodges Capital Management Inc. now owns 300,000 shares of the specialty retailer’s stock valued at $203,000 after buying an additional 50,000 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Francesca’s by 1,561.8% during the fourth quarter. Deutsche Bank AG now owns 1,175,093 shares of the specialty retailer’s stock valued at $1,139,000 after buying an additional 1,104,383 shares in the last quarter. Hedge funds and other institutional investors own 67.35% of the company’s stock.

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

Francesca’s Company Profile

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.

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

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