Franchise Group (NYSE:FRG) Major Shareholder B. Riley Financial, Inc. Purchases 25,000 Shares

Franchise Group (NYSE:FRG) major shareholder B. Riley Financial, Inc. acquired 25,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was bought at an average price of $21.44 per share, for a total transaction of $536,000.00. Following the completion of the transaction, the insider now owns 350,000 shares of the company’s stock, valued at approximately $7,504,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

B. Riley Financial, Inc. also recently made the following trade(s):

  • On Friday, June 26th, B. Riley Financial, Inc. bought 50,000 shares of Franchise Group stock. The shares were bought at an average price of $23.25 per share, with a total value of $1,162,500.00.
  • 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 transaction of $1,500,000.00.
  • On Wednesday, April 1st, B. Riley Financial, Inc. acquired 516,734 shares of Franchise Group stock. The shares were 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. The stock has a 50-day moving average price of $18.95 and a 200-day moving average price of $18.41. Franchise Group has a 12-month low of $5.75 and a 12-month high of $27.49.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Monday, June 22nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 19th. This represents a $1.00 dividend on an annualized basis and a yield of 4.65%.

Separately, TheStreet lowered shares of Franchise Group from a “c-” rating to a “d+” rating in a research report on Monday, April 13th.

A number of institutional investors and hedge funds have recently modified their holdings of FRG. Citigroup Inc. lifted its stake in Franchise Group by 2,644.9% in the first quarter. Citigroup Inc. now owns 3,239 shares of the company’s stock worth $28,000 after purchasing an additional 3,121 shares during the last quarter. Cowen Prime Services LLC purchased a new position in shares of Franchise Group in the first quarter worth about $66,000. Bank of America Corp DE bought a new stake in shares of Franchise Group in the 4th quarter valued at about $404,000. Bank of New York Mellon Corp bought a new stake in shares of Franchise Group in the 4th quarter valued at about $952,000. Finally, Geode Capital Management LLC purchased a new stake in Franchise Group during the 1st quarter valued at about $385,000.

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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Insider Buying and Selling by Quarter for Franchise Group (NYSE:FRG)

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