Cross River Capital Management Acquires 97,189 Shares of Francesca’s Holdings Corp (NASDAQ:FRAN) Stock

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Francesca’s Holdings Corp (NASDAQ:FRAN) major shareholder Cross River Capital Management acquired 97,189 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were bought at an average price of $0.40 per share, with a total value of $38,875.60. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares 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 price of $0.42 per share, with a total value 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 price of $0.49 per share, with a total value 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 price of $0.50 per share, with a total value 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 price of $0.50 per share, with a total value 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 price of $0.49 per share, with a total value 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 price of $0.50 per share, with a total value of $10,000.00.
  • On Friday, May 24th, Cross River Capital Management purchased 25,000 shares of Francesca’s stock. The stock was acquired 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 purchased 175,000 shares of Francesca’s stock. The stock was acquired at an average cost of $0.54 per share, for a total transaction of $94,500.00.
  • On Monday, May 20th, Cross River Capital Management purchased 78,000 shares of Francesca’s stock. The stock was acquired at an average cost of $0.56 per share, for a total transaction of $43,680.00.
  • On Thursday, May 16th, Cross River Capital Management purchased 20,000 shares of Francesca’s stock. The stock was acquired at an average cost of $0.55 per share, for a total transaction of $11,000.00.

Shares of NASDAQ:FRAN opened at $4.11 on Friday. The stock has a 50-day simple moving average of $1.41. 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 Holdings Corp has a 12-month low of $4.01 and a 12-month high of $99.24.

Francesca’s (NASDAQ:FRAN) last issued its quarterly earnings results on Friday, May 3rd. The specialty retailer reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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.

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

A number of large investors have recently modified their holdings of the business. Rhumbline Advisers boosted its stake in Francesca’s by 16.5% in the 4th 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 last quarter. Two Sigma Securities LLC acquired a new stake in Francesca’s in the 4th quarter worth about $25,000. Citigroup Inc. lifted its stake in shares of Francesca’s by 14,059.6% in the 4th quarter. Citigroup Inc. now owns 33,275 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 33,040 shares in the last quarter. Hanson & Doremus Investment Management lifted its stake in shares of Francesca’s by 700.7% in the 1st quarter. Hanson & Doremus Investment Management now owns 39,557 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 34,617 shares in the last quarter. Finally, Hodges Capital Management Inc. lifted its stake in shares of Francesca’s by 20.0% in the 1st quarter. Hodges Capital Management Inc. now owns 300,000 shares of the specialty retailer’s stock valued at $203,000 after purchasing an additional 50,000 shares in the last quarter. 67.35% of the stock is currently owned by hedge funds and other institutional investors.

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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