17,600 Shares in Movado Group, Inc (MOV) Purchased by Investors Research Corp
Investors Research Corp purchased a new position in shares of Movado Group, Inc (NYSE:MOV) during the fourth quarter, HoldingsChannel reports. The fund purchased 17,600 shares of the company’s stock, valued at approximately $567,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in MOV. Hillsdale Investment Management Inc. purchased a new stake in Movado Group during the third quarter worth $101,000. Aperio Group LLC purchased a new stake in Movado Group during the fourth quarter worth $204,000. Delta Capital Management LLC purchased a new stake in Movado Group during the fourth quarter worth $206,000. Crossmark Global Holdings Inc. purchased a new stake in Movado Group during the fourth quarter worth $206,000. Finally, Van Hulzen Asset Management LLC purchased a new stake in Movado Group during the third quarter worth $210,000. 63.50% of the stock is currently owned by hedge funds and other institutional investors.
Movado Group, Inc (NYSE MOV) opened at $31.85 on Friday. The company has a current ratio of 4.80, a quick ratio of 3.12 and a debt-to-equity ratio of 0.05. The stock has a market cap of $699.64, a price-to-earnings ratio of 30.92 and a beta of -0.03. Movado Group, Inc has a twelve month low of $20.50 and a twelve month high of $33.95.
In other Movado Group news, Director Richard Cote sold 1,600 shares of the stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $32.02, for a total transaction of $51,232.00. Following the transaction, the director now directly owns 397,296 shares of the company’s stock, valued at $12,721,417.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard D. Isserman sold 2,650 shares of the stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $32.07, for a total transaction of $84,985.50. Following the transaction, the director now directly owns 11,184 shares in the company, valued at $358,670.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,350 shares of company stock worth $364,233. Insiders own 32.98% of the company’s stock.
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Movado Group Company Profile
Movado Group, Inc designs, sources, markets and distributes watches. The Company operates through two segments: Wholesale and Retail. The Wholesale segment includes the design, development, sourcing, marketing and distribution of watches, and after-sales service activities and shipping. It sells all of its brands to jewelry store chains and department stores, as well as independent jewelers.
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