Franchise Group (NYSE:FRG) insider Brc Partners Opportunity Fund, purchased 75,000 shares of the stock in a transaction on Monday, June 29th. The shares were purchased at an average cost of $22.65 per share, with a total value of $1,698,750.00.
NYSE FRG traded down $1.40 during trading hours on Tuesday, reaching $21.51. The company’s stock had a trading volume of 633,400 shares, compared to its average volume of 107,059. The company’s 50-day moving average is $18.95 and its two-hundred day moving average is $18.41. Franchise Group has a 1-year low of $5.75 and a 1-year high of $27.49.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Monday, June 22nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend is Friday, June 19th.
Hedge funds have recently made changes to their positions in the company. Citigroup Inc. grew its stake in Franchise Group by 2,644.9% in the 1st quarter. Citigroup Inc. now owns 3,239 shares of the company’s stock valued at $28,000 after acquiring an additional 3,121 shares during the period. Cowen Prime Services LLC purchased a new position in Franchise Group during the first quarter valued at $66,000. Geode Capital Management LLC acquired a new stake in shares of Franchise Group in the first quarter valued at about $385,000. Bank of America Corp DE purchased a new stake in shares of Franchise Group during the fourth quarter worth about $404,000. Finally, Bank of New York Mellon Corp raised its position in shares of Franchise Group by 34.2% during the 1st quarter. Bank of New York Mellon Corp now owns 55,085 shares of the company’s stock worth $480,000 after purchasing an additional 14,028 shares during the last quarter.
Separately, TheStreet downgraded shares of Franchise Group from a “c-” rating to a “d+” rating in a report on Monday, April 13th.
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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