Prescott Group Capital Management L.L.C. lifted its position in shares of Sequential Brands Group Inc (NASDAQ:SQBG) by 57.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,831,035 shares of the textile maker’s stock after acquiring an additional 1,028,739 shares during the period. Sequential Brands Group makes up approximately 1.0% of Prescott Group Capital Management L.L.C.’s investment portfolio, making the stock its 21st largest position. Prescott Group Capital Management L.L.C.’s holdings in Sequential Brands Group were worth $5,039,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SQBG. Rhumbline Advisers raised its stake in shares of Sequential Brands Group by 3.9% during the 2nd quarter. Rhumbline Advisers now owns 47,762 shares of the textile maker’s stock worth $191,000 after buying an additional 1,780 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Sequential Brands Group by 11.5% during the 2nd quarter. Teachers Advisors LLC now owns 77,412 shares of the textile maker’s stock worth $309,000 after buying an additional 7,958 shares during the last quarter. Northern Trust Corp raised its stake in shares of Sequential Brands Group by 2.2% during the 2nd quarter. Northern Trust Corp now owns 451,074 shares of the textile maker’s stock worth $1,799,000 after buying an additional 9,535 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Sequential Brands Group by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,626,499 shares of the textile maker’s stock worth $6,489,000 after buying an additional 61,722 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Sequential Brands Group by 4.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 215,368 shares of the textile maker’s stock worth $859,000 after buying an additional 9,002 shares during the last quarter. 50.37% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Karen Murray bought 62,500 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average price of $1.47 per share, with a total value of $91,875.00. Following the purchase, the chief executive officer now owns 188,115 shares of the company’s stock, valued at approximately $276,529.05. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Aaron P. Hollander acquired 20,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were bought at an average cost of $1.72 per share, with a total value of $34,400.00. The disclosure for this purchase can be found here. Insiders purchased a total of 473,200 shares of company stock valued at $765,636 in the last three months. 27.30% of the stock is currently owned by corporate insiders.

Sequential Brands Group Inc (SQBG) opened at $1.58 on Friday. Sequential Brands Group Inc has a one year low of $1.36 and a one year high of $4.25. The firm has a market cap of $99.78, a PE ratio of 8.32, a P/E/G ratio of 0.19 and a beta of -0.03. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.16.

Sequential Brands Group (NASDAQ:SQBG) last announced its earnings results on Thursday, November 9th. The textile maker reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Sequential Brands Group had a negative net margin of 14.35% and a positive return on equity of 2.26%. The firm had revenue of $39.00 million during the quarter, compared to analyst estimates of $43.66 million. During the same period in the previous year, the firm posted $0.12 EPS. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. equities analysts expect that Sequential Brands Group Inc will post 0.45 earnings per share for the current fiscal year.

Several research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Sequential Brands Group from a “hold” rating to a “sell” rating in a research note on Friday. Canaccord Genuity downgraded shares of Sequential Brands Group from a “buy” rating to a “hold” rating and cut their target price for the company from $6.00 to $1.50 in a research note on Friday, November 10th. Roth Capital downgraded shares of Sequential Brands Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $3.25 to $2.00 in a research note on Monday, November 13th. < B. Riley reissued a "buy" rating and issued a $7.00 target price on shares of Sequential Brands Group in a research note on Monday, November 6th. Finally, ValuEngine downgraded shares of Sequential Brands Group from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $6.92.

COPYRIGHT VIOLATION WARNING: This news story was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://theolympiareport.com/2018/02/11/prescott-group-capital-management-l-l-c-grows-stake-in-sequential-brands-group-inc-sqbg.html.

Sequential Brands Group Profile

Sequential Brands Group, Inc owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories. The Company’s portfolio of consumer brands includes Martha Stewart, Emeril Lagasse, Jessica Simpson, Joe’s Jeans, William Rast, Ellen Tracy, Revo, AND1 and Avia. The Company’s brands are licensed for a range of product categories, including apparel, footwear, eyewear, fashion accessories and home goods.

Want to see what other hedge funds are holding SQBG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sequential Brands Group Inc (NASDAQ:SQBG).

Institutional Ownership by Quarter for Sequential Brands Group (NASDAQ:SQBG)

Receive News & Ratings for Sequential Brands Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sequential Brands Group and related companies with MarketBeat.com's FREE daily email newsletter.