Key Points
- Director Michael Merriman sold 500 shares of Regis (NYSE:RGS) on Dec. 17 at an average price of $28 for a $14,000 transaction, reducing his holding by 3.69% to 13,067 shares, according to an SEC filing.
- Regis opened at $29 with a 12‑month range of $15.00–$31.50; the company has a market cap of about $71.9M, a very low PE of 0.74, debt/equity of 1.67 and tight liquidity (current and quick ratios 0.40).
- Several hedge funds have recently built or increased positions in RGS (including Aspire Growth Partners), and institutional/hedge ownership totals roughly 31.5% of the stock.
Regis Co. (NYSE:RGS - Get Free Report) Director Michael Merriman sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $28.00, for a total transaction of $14,000.00. Following the sale, the director directly owned 13,067 shares of the company's stock, valued at $365,876. The trade was a 3.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Regis Trading Up 1.0%
RGS opened at $29.00 on Friday. Regis Co. has a 12-month low of $15.00 and a 12-month high of $31.50. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $71.92 million, a PE ratio of 0.74 and a beta of 1.48. The firm's fifty day moving average price is $28.60 and its 200 day moving average price is $25.17.
Hedge Funds Weigh In On Regis
A number of hedge funds have recently bought and sold shares of RGS. Aspire Growth Partners LLC increased its holdings in Regis by 14.5% in the second quarter. Aspire Growth Partners LLC now owns 14,649 shares of the company's stock valued at $327,000 after buying an additional 1,860 shares during the last quarter. Kent Lake PR LLC bought a new position in Regis during the 2nd quarter worth approximately $412,000. Mink Brook Asset Management LLC acquired a new position in shares of Regis in the 3rd quarter worth approximately $267,000. GSA Capital Partners LLP bought a new stake in shares of Regis in the 3rd quarter valued at approximately $335,000. Finally, Diametric Capital LP bought a new stake in shares of Regis in the 2nd quarter valued at approximately $233,000. 31.50% of the stock is currently owned by institutional investors and hedge funds.
About Regis
(
Get Free Report)
Regis Corporation is a leading global provider of hair salon services, operating a diverse portfolio of branded businesses across the beauty care industry. The company specializes in professional hair cutting, styling, coloring and treatment services delivered through both company-owned and franchised locations. With a focus on affordability, convenience and quality, Regis serves individual consumers seeking personal grooming solutions as well as franchisees looking for established salon concepts.
The company's brand portfolio includes nationally recognized names such as Supercuts, Cost Cutters, SmartStyle (located inside Walmart stores) and Roosters Men's Grooming Center, among others.
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