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

Francesca’s Holdings Corp (NASDAQ:FRAN) major shareholder Cross River Capital Management purchased 97,189 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was acquired at an average price of $0.40 per share, for a total transaction of $38,875.60. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions 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 purchased 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 acquired 15,000 shares of Francesca’s stock. The shares were purchased 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 acquired 15,000 shares of Francesca’s stock. The shares were purchased 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 acquired 5,000 shares of Francesca’s stock. The shares were purchased 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 acquired 15,000 shares of Francesca’s stock. The shares were 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 acquired 20,000 shares of Francesca’s stock. The shares were 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 acquired 25,000 shares of Francesca’s stock. The shares were 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 acquired 175,000 shares of Francesca’s stock. The shares were purchased at an average price of $0.54 per share, for a total transaction of $94,500.00.
  • On Monday, May 20th, Cross River Capital Management acquired 78,000 shares of Francesca’s stock. The shares were purchased at an average price of $0.56 per share, for a total transaction of $43,680.00.
  • On Thursday, May 16th, Cross River Capital Management acquired 20,000 shares of Francesca’s stock. The shares were purchased at an average price of $0.55 per share, for a total transaction of $11,000.00.

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

Francesca’s (NASDAQ:FRAN) last posted its quarterly earnings data on Friday, May 3rd. The specialty retailer reported ($0.12) earnings per share for the quarter, topping the 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 cut Zumiez from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $24.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FRAN. Rhumbline Advisers grew its holdings in shares of Francesca’s by 16.5% during the 4th quarter. Rhumbline Advisers now owns 98,116 shares of the specialty retailer’s stock worth $95,000 after purchasing an additional 13,864 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Francesca’s by 49.4% during the 4th quarter. California Public Employees Retirement System now owns 188,175 shares of the specialty retailer’s stock worth $183,000 after purchasing an additional 62,245 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Francesca’s by 14,059.6% during the 4th quarter. Citigroup Inc. now owns 33,275 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 33,040 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Francesca’s by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,985,647 shares of the specialty retailer’s stock worth $2,898,000 after purchasing an additional 79,840 shares in the last quarter. Finally, Stone Ridge Asset Management LLC grew its holdings in shares of Francesca’s by 73.1% during the 4th quarter. Stone Ridge Asset Management LLC now owns 121,646 shares of the specialty retailer’s stock worth $118,000 after purchasing an additional 51,361 shares in the last quarter. 67.35% of the stock is currently owned by institutional investors.

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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