Ramsey Quantitative Systems buys $1,107,516 stake in Sequential Brands Group Inc (SQBG)

Sequential Brands Group Inc (SQBG) : Ramsey Quantitative Systems scooped up 91,777 additional shares in Sequential Brands Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 156,872 shares of Sequential Brands Group Inc which is valued at $1,107,516.Sequential Brands Group Inc makes up approximately 1.17% of Ramsey Quantitative Systems’s portfolio.

Other Hedge Funds, Including , Credit Suisse Ag boosted its stake in SQBG in the latest quarter, The investment management firm added 10,484 additional shares and now holds a total of 25,796 shares of Sequential Brands Group Inc which is valued at $182,120.New York State Common Retirement Fund boosted its stake in SQBG in the latest quarter, The investment management firm added 13,246 additional shares and now holds a total of 40,551 shares of Sequential Brands Group Inc which is valued at $286,290.Ubs Asset Management Americas Inc boosted its stake in SQBG in the latest quarter, The investment management firm added 8,400 additional shares and now holds a total of 28,800 shares of Sequential Brands Group Inc which is valued at $201,312.Teacher Retirement System Of Texas boosted its stake in SQBG in the latest quarter, The investment management firm added 3,123 additional shares and now holds a total of 7,537 shares of Sequential Brands Group Inc which is valued at $55,246.Tocqueville Asset Management boosted its stake in SQBG in the latest quarter, The investment management firm added 84,785 additional shares and now holds a total of 750,482 shares of Sequential Brands Group Inc which is valued at $6,101,419. Sequential Brands Group Inc makes up approx 0.08% of Tocqueville Asset Management’s portfolio.

Sequential Brands Group Inc opened for trading at $6.87 and hit $6.99 on the upside on Tuesday, eventually ending the session at $6.89, with a gain of 1.03% or 0.07 points. The heightened volatility saw the trading volume jump to 3,14,939 shares. Company has a market cap of $429 M.

On the company’s financial health, Sequential Brands Group Inc reported $0.06 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.06. The company had revenue of $34.20 million for the quarter, compared to analysts expectations of $31.23 million. The company’s revenue was up 69.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

Sequential Brands Group Inc. formerly Singer Madeline Holdings Inc. owns a portfolio of consumer brands in the fashion active and lifestyle categories. The Company promotes markets and licenses these brands and intends to pursue acquisitions of additional brands or rights to brands. The Company’s brands include JOE’S which offers casual chic lifestyle brand synonymous with classic modernized wardrobe staples; Ellen Tracy; Martha Stewart; Jessica Simpson which offers footwear apparel fragrance fashion accessories maternity apparel girls’ clothing and accessories; AND1; REVO; William Rast which offers sportswear outerwear and leathers; Emeril Lagasse; Heelys which offers wheeled categories bags backpacks and back-to-school accessories; CARIBBEAN JOE; Avia which offers products ranging from footwear to serious athletes and DVS which offers footwear brand.

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