Iconix Brand Group, Inc. (NASDAQ:ICON)’s share price traded down 2.7% on Thursday . The company traded as low as $0.14 and last traded at $0.14. 12,411 shares changed hands during trading, a decline of 99% from the average session volume of 1,412,649 shares. The stock had previously closed at $0.14.
The company has a market cap of $10.53 million, a price-to-earnings ratio of 0.47 and a beta of 1.03.
Iconix Brand Group (NASDAQ:ICON) last released its quarterly earnings data on Friday, November 9th. The brand management company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.04). The company had revenue of $46.22 million for the quarter. Iconix Brand Group had a negative net margin of 1.22% and a negative return on equity of 30.83%.
In other Iconix Brand Group news, Chairman F Peter Cuneo sold 179,992 shares of Iconix Brand Group stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $0.26, for a total transaction of $46,797.92. Following the completion of the transaction, the chairman now owns 329,949 shares in the company, valued at approximately $85,786.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nomura Holdings Inc. grew its position in shares of Iconix Brand Group by 22.2% during the 2nd quarter. Nomura Holdings Inc. now owns 1,081,307 shares of the brand management company’s stock valued at $631,000 after acquiring an additional 196,793 shares during the period. Jane Street Group LLC acquired a new stake in shares of Iconix Brand Group during the 2nd quarter valued at about $147,000. Paloma Partners Management Co grew its position in shares of Iconix Brand Group by 610.7% during the 2nd quarter. Paloma Partners Management Co now owns 243,900 shares of the brand management company’s stock valued at $142,000 after acquiring an additional 209,581 shares during the period. Vanguard Group Inc. grew its position in shares of Iconix Brand Group by 17.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,461,444 shares of the brand management company’s stock valued at $1,384,000 after acquiring an additional 676,877 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Iconix Brand Group by 1,020.2% during the 3rd quarter. Renaissance Technologies LLC now owns 672,121 shares of the brand management company’s stock valued at $208,000 after acquiring an additional 612,121 shares during the period. Institutional investors and hedge funds own 19.73% of the company’s stock.
About Iconix Brand Group (NASDAQ:ICON)
Iconix Brand Group, Inc is a brand management company. As of December 31, 2016, the Company owned a portfolio of over 30 global consumer brands across women’s, men’s, and home categories. The Company operates through segments: men’s, women’s, home and international. The Company’s brand portfolio includes brands, such as Candie’s, Bongo, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Umbro, Lee Cooper and Artful Dodger, and interests in Material Girl, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands.
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