Iconix Brand Group (NASDAQ:ICON) posted its quarterly earnings results on Friday. The brand management company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04), MarketWatch Earnings reports. Iconix Brand Group had a negative return on equity of 52.93% and a negative net margin of 281.71%. The firm had revenue of $46.22 million for the quarter. Iconix Brand Group updated its FY 2018 guidance to EPS.

ICON stock traded down $0.04 during trading on Friday, reaching $0.17. 5,901,328 shares of the stock were exchanged, compared to its average volume of 1,536,186. Iconix Brand Group has a twelve month low of $0.14 and a twelve month high of $2.56. The company has a market cap of $14.35 million, a P/E ratio of 0.40 and a beta of 1.14.

In related news, Chairman F Peter Cuneo sold 179,992 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $0.26, for a total transaction of $46,797.92. Following the transaction, the chairman now directly owns 329,949 shares of the company’s stock, valued at approximately $85,786.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Paloma Partners Management Co raised its stake in shares of Iconix Brand Group by 610.7% in the second quarter. Paloma Partners Management Co now owns 243,900 shares of the brand management company’s stock worth $142,000 after purchasing an additional 209,581 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Iconix Brand Group in the second quarter worth approximately $147,000. Finally, Nomura Holdings Inc. raised its stake in shares of Iconix Brand Group by 22.2% in the second quarter. Nomura Holdings Inc. now owns 1,081,307 shares of the brand management company’s stock worth $631,000 after purchasing an additional 196,793 shares during the last quarter. 26.67% of the stock is owned by hedge funds and other institutional investors.

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About Iconix Brand Group

Iconix Brand Group, Inc is a brand management company. As of December 31, 2016, the Company owned a portfolio of over 30 global consumer brands across women’s, men’s, and home categories. The Company operates through segments: men’s, women’s, home and international. The Company’s brand portfolio includes brands, such as Candie’s, Bongo, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Umbro, Lee Cooper and Artful Dodger, and interests in Material Girl, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands.

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Earnings History for Iconix Brand Group (NASDAQ:ICON)

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