Franchise Group (NYSE:FRG) major shareholder B. Riley Financial, Inc. bought 50,000 shares of Franchise Group stock in a transaction that occurred on Friday, June 26th. The shares were acquired at an average price of $23.25 per share, with a total value of $1,162,500.00. Following the completion of the transaction, the insider now owns 350,000 shares of the company’s stock, valued at $8,137,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock 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. purchased 25,000 shares of Franchise Group stock. The stock was acquired 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 stock was 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. acquired 516,734 shares of Franchise Group stock. The stock was bought at an average price of $17.00 per share, for a total transaction of $8,784,478.00.
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’s fifty day simple moving average is $18.95 and its 200 day simple moving average is $18.41.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, June 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Friday, June 19th.
Separately, TheStreet cut shares of Franchise Group from a “c-” rating to a “d+” rating in a research note on Monday, April 13th.
Several institutional investors and hedge funds have recently made changes to their positions in FRG. Cannell Capital LLC bought a new position in shares of Franchise Group during the 4th quarter valued at $31,289,000. Kayne Anderson Capital Advisors LP purchased a new stake in Franchise Group during the 1st quarter valued at about $10,900,000. American Financial Group Inc. purchased a new position in Franchise Group in the 4th quarter worth approximately $4,378,000. Geode Capital Management LLC bought a new stake in Franchise Group during the 1st quarter valued at $385,000. Finally, Bank of New York Mellon Corp purchased a new stake in Franchise Group during the 4th quarter valued at $952,000.
About Franchise Group
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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