Cross River Capital Management Acquires 78,000 Shares of Francesca’s Holdings Corp (NASDAQ:FRAN) Stock

Francesca’s Holdings Corp (NASDAQ:FRAN) major shareholder Cross River Capital Management purchased 78,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average price of $0.56 per share, for a total transaction of $43,680.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more 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 purchased 5,000 shares of Francesca’s stock. The shares were acquired at an average price of $0.42 per share, for a total transaction of $2,100.00.
  • On Wednesday, June 12th, Cross River Capital Management purchased 15,000 shares of Francesca’s stock. The shares were acquired at an average price of $0.49 per share, for a total transaction of $7,350.00.
  • On Monday, June 10th, Cross River Capital Management purchased 15,000 shares of Francesca’s stock. The shares were acquired at an average price of $0.50 per share, for a total transaction of $7,500.00.
  • On Wednesday, June 5th, Cross River Capital Management purchased 5,000 shares of Francesca’s stock. The shares were acquired at an average price of $0.50 per share, for a total transaction of $2,500.00.
  • On Monday, June 3rd, Cross River Capital Management bought 15,000 shares of Francesca’s stock. The stock was purchased at an average price of $0.49 per share, for a total transaction of $7,350.00.
  • On Wednesday, May 29th, Cross River Capital Management bought 20,000 shares of Francesca’s stock. The stock was purchased at an average price of $0.50 per share, for a total transaction of $10,000.00.
  • On Friday, May 24th, Cross River Capital Management bought 25,000 shares of Francesca’s stock. The stock was purchased at an average price of $0.52 per share, for a total transaction of $13,000.00.
  • On Wednesday, May 22nd, Cross River Capital Management bought 175,000 shares of Francesca’s stock. The stock was purchased at an average price of $0.54 per share, for a total transaction of $94,500.00.
  • On Thursday, May 16th, Cross River Capital Management bought 20,000 shares of Francesca’s stock. The stock was purchased at an average price of $0.55 per share, for a total transaction of $11,000.00.
  • On Wednesday, July 10th, Cross River Capital Management bought 24,574 shares of Francesca’s stock. The stock was purchased at an average price of $4.62 per share, for a total transaction of $113,531.88.

Shares of FRAN opened at $4.11 on Friday. The company has a fifty day moving average price of $1.41. The company has a debt-to-equity ratio of 3.69, a quick ratio of 0.43 and a current ratio of 0.82. Francesca’s Holdings Corp has a 1 year low of $4.01 and a 1 year high of $99.24.

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

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

Institutional investors and hedge funds have recently modified their holdings of the business. Apis Capital Advisors LLC bought a new position in Francesca’s in the 1st quarter worth $119,000. Shah Capital Management bought a new position in Francesca’s in the 1st quarter worth $988,000. Hanson & Doremus Investment Management raised its holdings in Francesca’s by 700.7% in the 1st quarter. Hanson & Doremus Investment Management now owns 39,557 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 34,617 shares during the period. Hodges Capital Management Inc. raised its holdings in Francesca’s by 20.0% in the 1st quarter. Hodges Capital Management Inc. now owns 300,000 shares of the specialty retailer’s stock worth $203,000 after purchasing an additional 50,000 shares during the period. Finally, Deutsche Bank AG raised its holdings in Francesca’s by 1,561.8% in the 4th quarter. Deutsche Bank AG now owns 1,175,093 shares of the specialty retailer’s stock worth $1,139,000 after purchasing an additional 1,104,383 shares during the period. Hedge funds and other institutional investors own 67.35% of the company’s stock.

About Francesca’s

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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