683 Capital Management, Llc Now Owns 3,078,179 Shares In Sequential Brands Group, Inc. (SQBG)

Sequential Brands Group, Inc. (NASDAQ:SQBG) is at least 19.12% than its current record low price of $1.36. There was a -7.95% decline on 12/06/2017 that led the price to move at $1.62. At recent session, the prices were hovering between $1.62 and $1.772. This company shares are 85.19% off its target price of $3 and the current market capitalization stands at $108.09M. The recent change has given its price a -30.98% deficit over SMA 50 and -70.55% deficit over its 52-week high. The stock witnessed -33.33% declines, -44.71% declines and -55% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SQBG’s volatility during a week at 6.55% and during a month it has been found around 10.64%.

Sequential Brands Group, Inc. (SQBG) Top Holders

Institutional investors currently hold around $56 million or 65.5% in SQBG stock. Look at its top three institutional owners. Carlyle Group L.P. owns $11.21 million in Sequential Brands Group, Inc., which represents roughly 10.37% of the company’s market cap and approximately 20.02% of the institutional ownership. Similar statistics are true for the second largest owner, 683 Capital Management, Llc, which owns 3,078,179 shares of the stock are valued at $5.42 million. The third largest holder is Blackrock Inc., which currently holds $4.14 million worth of this stock and that ownership represents nearly 3.83% of its market capitalization.

Sequential Brands Group, Inc. 13F Filings

At the end of 09/30/2017 reporting period, 32 institutional holders increased their position in Sequential Brands Group, Inc. (NASDAQ:SQBG) by some 1,206,241 shares, 34 decreased positions by 2,215,236 and 37 held positions by 28,317,959. That puts total institutional holdings at 31,739,436 shares, according to SEC filings. The stock grabbed 8 new institutional investments totaling 251,459 shares while 14 institutional investors sold out their entire positions totaling 515,381 shares.

Sequential Brands Group, Inc. (NASDAQ:SQBG) Insider Trades

Multiple company employees have indulged in significant insider trading. Sequential Brands Group, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Hollander Aaron P has acquired 20,000 shares of Sequential Brands Group, Inc. (SQBG) in trading session dated Nov. 20, 2017. These shares are worth $34,400 and were traded at $1.72 each. The SEC filing shows that Sweedler William performed a purchase of 86,036 shares. The Director, 10% Owner added these shares by way of transaction on Nov. 17, 2017. The company’s shares were assimilated at $1.68 per share worth to an investment of some $144,540 on account of Sweedler William.

10% Owner, Tcp Wr Acquisition Llc, purchased 194,464 common shares of Sequential Brands Group, Inc. (SQBG) in the open market. In a transaction dated Nov. 16, 2017, the shares were bought at an average price of $1.64, giving away a sum of $318,921. After this purchase, 9,499,435 common shares of SQBG are directly owned by the insider, with total stake valued at $15,389,085.

In the transaction dated Nov. 15, 2017, the great number of shares acquired came courtesy the CEO; Murray Karen added a total of 9,000 shares at an average price of $1.62, amounting to approximately $14,580. The insider now directly owns 230,485 shares worth $373,386.

Sequential Brands Group, Inc. (SQBG) Analyst Guide

Several analysts have released their opinion on Sequential Brands Group, Inc. (NASDAQ:SQBG), with 0 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 3 average brokerage recommendation.

SHARE