Dimensional Fund Advisors LP maintained its position in shares of Sequential Brands Group, Inc. (NASDAQ:SQBG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 398,702 shares of the textile maker’s stock at the end of the second quarter. Dimensional Fund Advisors LP owned about 0.63% of Sequential Brands Group worth $1,591,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings in shares of Sequential Brands Group by 1,188.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 194,684 shares of the textile maker’s stock worth $757,000 after acquiring an additional 179,575 shares during the period. Rhumbline Advisers raised its holdings in Sequential Brands Group by 3.9% in the 2nd quarter. Rhumbline Advisers now owns 47,762 shares of the textile maker’s stock valued at $191,000 after buying an additional 1,780 shares during the period. Vanguard Group Inc. raised its holdings in Sequential Brands Group by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,626,499 shares of the textile maker’s stock valued at $6,489,000 after buying an additional 61,722 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in Sequential Brands Group by 3.0% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 1,706,200 shares of the textile maker’s stock valued at $6,808,000 after buying an additional 50,000 shares during the period. Finally, Parametric Portfolio Associates LLC raised its holdings in Sequential Brands Group by 4.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 215,368 shares of the textile maker’s stock valued at $859,000 after buying an additional 9,002 shares during the period. Institutional investors and hedge funds own 50.29% of the company’s stock.

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

Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Sequential Brands Group from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Roth Capital set a $3.00 price objective on shares of Sequential Brands Group and gave the company a “buy” rating in a report on Monday, October 23rd. Canaccord Genuity lowered shares of Sequential Brands Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $6.00 to $1.50 in a report on Friday, November 10th. ValuEngine upgraded shares of Sequential Brands Group from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Finally, Cowen restated a “hold” rating and issued a $6.00 price objective on shares of Sequential Brands Group in a report on Thursday, September 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Sequential Brands Group has an average rating of “Hold” and a consensus price target of $6.92.

Sequential Brands Group, Inc. (NASDAQ SQBG) traded down $0.10 during midday trading on Friday, reaching $1.77. The company’s stock had a trading volume of 555,700 shares, compared to its average volume of 275,588. The firm has a market cap of $114.30, a P/E ratio of 9.26, a P/E/G ratio of 0.24 and a beta of 0.48. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.46 and a current ratio of 1.46. Sequential Brands Group, Inc. has a 52 week low of $1.36 and a 52 week high of $5.52.

Sequential Brands Group (NASDAQ:SQBG) last released 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). The firm had revenue of $39.00 million during the quarter, compared to analyst estimates of $43.66 million. Sequential Brands Group had a negative net margin of 14.35% and a positive return on equity of 2.26%. The business’s revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 earnings per share. sell-side analysts anticipate that Sequential Brands Group, Inc. will post 0.48 EPS for the current fiscal year.

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About Sequential Brands Group

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.

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

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