Franchise Group (NYSE:FRG) insider Brc Partners Opportunity Fund, bought 75,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was acquired at an average cost of $22.65 per share, for a total transaction of $1,698,750.00.
FRG opened at $21.51 on Wednesday. Franchise Group has a 52 week low of $5.75 and a 52 week high of $27.49. The business has a 50 day moving average price of $18.95 and a two-hundred day moving average price of $18.41.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, June 22nd will be paid a $0.25 dividend. The ex-dividend date is Friday, June 19th. This represents a $1.00 annualized dividend and a dividend yield of 4.65%.
Large investors have recently added to or reduced their stakes in the company. American Financial Group Inc. purchased a new stake in shares of Franchise Group during the fourth quarter worth approximately $4,378,000. Cannell Capital LLC purchased a new position in Franchise Group during the 4th quarter worth $31,289,000. Bank of New York Mellon Corp purchased a new position in Franchise Group during the 4th quarter worth $952,000. Bank of America Corp DE acquired a new stake in shares of Franchise Group in the 4th quarter worth $404,000. Finally, Cowen Prime Services LLC purchased a new stake in shares of Franchise Group in the first quarter valued at about $66,000.
Separately, TheStreet cut 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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