Insider Selling: Vince Holding Corp. (NYSE:VNCE) Major Shareholder Sells 7,641 Shares of Stock

Vince Holding Corp. (NYSE:VNCE) major shareholder Sk Financial Services, Llc sold 7,641 shares of the firm’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $1.76, for a total value of $13,448.16. Following the completion of the sale, the insider now owns 14,339 shares in the company, valued at $25,236.64. The trade was a 34.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Vince Price Performance

Shares of VNCE opened at $1.65 on Monday. The firm has a market capitalization of $21.19 million, a price-to-earnings ratio of 4.46 and a beta of 0.71. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.64 and a current ratio of 1.74. Vince Holding Corp. has a one year low of $1.27 and a one year high of $6.89. The stock’s fifty day moving average is $1.85 and its 200-day moving average is $2.43.

Vince (NYSE:VNCE) last issued its quarterly earnings results on Friday, May 2nd. The textile maker reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.16. The company had revenue of $79.95 million for the quarter, compared to analyst estimates of $72.98 million. Vince had a negative return on equity of 5.77% and a net margin of 1.60%. Equities analysts anticipate that Vince Holding Corp. will post 0.63 EPS for the current year.

Institutional Investors Weigh In On Vince

Several hedge funds and other institutional investors have recently bought and sold shares of VNCE. National Bank of Canada FI bought a new stake in Vince in the fourth quarter worth about $29,000. Jane Street Group LLC bought a new stake in Vince in the fourth quarter worth about $86,000. Geode Capital Management LLC raised its position in Vince by 12.4% in the fourth quarter. Geode Capital Management LLC now owns 33,769 shares of the textile maker’s stock worth $123,000 after acquiring an additional 3,731 shares in the last quarter. Finally, FreeGulliver LLC bought a new stake in Vince in the first quarter worth about $420,000. 16.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VNCE has been the topic of a number of research analyst reports. Noble Financial lowered Vince from a “strong-buy” rating to a “hold” rating in a report on Monday, May 5th. StockNews.com initiated coverage on Vince in a report on Thursday. They set a “hold” rating on the stock.

About Vince

Vince Holding Corp. provides luxury apparel and accessories in the United States and internationally. It operates through Vince Wholesale, Vince Direct-to-Consumer segments. The company offers a range of men's and women's products, such as cashmere sweaters, silk blouses, leather and suede products, and jackets, dresses, skirts, pants, t-shirts, footwear, outerwear, and accessories, as well as woven shirts, core and fashion pants, and blazers under the Vince brand.