Franchise Group (NYSE:FRG) Major Shareholder Buys $1,162,500.00 in Stock

Franchise Group (NYSE:FRG) major shareholder B. Riley Financial, Inc. purchased 50,000 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was bought at an average cost of $23.25 per share, for a total transaction of $1,162,500.00. Following the acquisition, the insider now owns 350,000 shares in the company, valued at approximately $8,137,500. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

B. Riley Financial, Inc. also recently made the following trade(s):

  • On Monday, June 29th, B. Riley Financial, Inc. bought 25,000 shares of Franchise Group stock. The stock was bought at an average cost of $21.44 per share, for a total transaction of $536,000.00.
  • On Friday, April 24th, B. Riley Financial, Inc. sold 150,000 shares of Franchise Group stock. The shares were sold at an average price of $10.00, for a total value of $1,500,000.00.
  • On Wednesday, April 1st, B. Riley Financial, Inc. purchased 516,734 shares of Franchise Group stock. The shares were purchased at an average price of $17.00 per share, with a total value of $8,784,478.00.

Shares of FRG stock opened at $20.76 on Friday. Franchise Group has a 12-month low of $5.75 and a 12-month high of $27.49. The business has a 50 day simple moving average of $19.16 and a 200 day simple moving average of $18.47.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Monday, June 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date is Friday, June 19th.

Separately, TheStreet lowered shares of Franchise Group from a “c-” rating to a “d+” rating in a research note on Monday, April 13th.

Hedge funds have recently bought and sold shares of the stock. Citigroup Inc. lifted its holdings in Franchise Group by 2,644.9% in the first quarter. Citigroup Inc. now owns 3,239 shares of the company’s stock worth $28,000 after purchasing an additional 3,121 shares during the period. American Financial Group Inc. raised its position in shares of Franchise Group by 62.4% during the 1st quarter. American Financial Group Inc. now owns 306,328 shares of the company’s stock worth $2,670,000 after buying an additional 117,648 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Franchise Group by 34.2% in the 1st quarter. Bank of New York Mellon Corp now owns 55,085 shares of the company’s stock worth $480,000 after acquiring an additional 14,028 shares during the period. Cannell Capital LLC bought a new position in shares of Franchise Group in the fourth quarter valued at approximately $31,289,000. Finally, Kayne Anderson Capital Advisors LP acquired a new position in shares of Franchise Group during the first quarter valued at approximately $10,900,000.

Franchise Group Company Profile

Franchise Group, Inc, through its subsidiaries, provides tax preparation services in the United States and Canada. The company also facilitates refund-based tax settlement financial products, such as refund transfer products and personal income tax refund discounting, as well as provides an online digital Do-It-Yourself tax program in the United States.

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Insider Buying and Selling by Quarter for Franchise Group (NYSE:FRG)

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