An issue of Revlon, Inc. (NYSE:REV) debt rose 2.5% against its face value during trading on Wednesday. The debt issue has a 6.25% coupon and will mature on August 1, 2024. The bonds in the issue are now trading at $81.00 and were trading at $77.00 last week. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price.

Separately, BidaskClub downgraded shares of Revlon from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th.

Revlon, Inc. (REV) traded down 0.78% during midday trading on Wednesday, reaching $19.10. 648,878 shares of the company’s stock traded hands. The company’s 50-day moving average price is $21.87 and its 200 day moving average price is $25.98. Revlon, Inc. has a 52 week low of $15.60 and a 52 week high of $37.96. The stock’s market capitalization is $1.00 billion.

Revlon (NYSE:REV) last announced its quarterly earnings results on Friday, August 4th. The company reported ($0.46) EPS for the quarter. Revlon had a negative net margin of 4.35% and a negative return on equity of 3.09%. The company had revenue of $645.70 million for the quarter. On average, equities research analysts expect that Revlon, Inc. will post $1.80 earnings per share for the current year.

In related news, Director Ronald O. Perelman purchased 100,000 shares of the stock in a transaction on Friday, May 12th. The shares were bought at an average price of $20.00 per share, for a total transaction of $2,000,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald O. Perelman purchased 419,127 shares of the stock in a transaction on Tuesday, August 8th. The shares were bought at an average price of $18.55 per share, for a total transaction of $7,774,805.85. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 2,149,565 shares of company stock worth $43,770,375. Corporate insiders own 78.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in REV. Rhumbline Advisers increased its position in shares of Revlon by 2.1% in the second quarter. Rhumbline Advisers now owns 13,793 shares of the company’s stock valued at $327,000 after buying an additional 280 shares during the period. Pioneer Investment Management Inc. bought a new position in shares of Revlon during the second quarter valued at approximately $1,186,000. Schwab Charles Investment Management Inc. increased its position in shares of Revlon by 1.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 61,610 shares of the company’s stock valued at $1,461,000 after buying an additional 745 shares during the period. Finally, K.J. Harrison & Partners Inc increased its position in shares of Revlon by 5.4% in the second quarter. K.J. Harrison & Partners Inc now owns 100,300 shares of the company’s stock valued at $2,377,000 after buying an additional 5,124 shares during the period. Institutional investors own 19.18% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Revlon, Inc. (NYSE:REV) Bonds Trading 2.5% Higher” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.watchlistnews.com/revlon-inc-nyserev-bonds-trading-2-5-higher/1466717.html.

About Revlon

Revlon, Inc manufactures, markets and sells around the world a range of beauty and personal care products, including color cosmetics, hair color, hair care and hair treatments, as well as beauty tools, men’s grooming products, anti-perspirant deodorants, fragrances, skincare and other beauty care products.

Receive News & Ratings for Revlon Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Revlon Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.