Regis (NYSE:RGS) Director Michael Merriman Sells 500 Shares

Regis Co. (NYSE:RGS) Director Michael Merriman sold 500 shares of the stock in a transaction 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 completion of 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 Securities & Exchange Commission, which is accessible through this link.

Regis Stock Performance

NYSE:RGS opened at $29.00 on Friday. The firm’s fifty day simple moving average is $28.60 and its 200 day simple moving average is $25.17. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.67. Regis Co. has a twelve month low of $15.00 and a twelve month high of $31.50. The firm has a market capitalization of $71.92 million, a price-to-earnings ratio of 0.74 and a beta of 1.48.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RGS. Aspire Growth Partners LLC boosted its stake in shares of Regis by 119.7% in the third quarter. Aspire Growth Partners LLC now owns 32,187 shares of the company’s stock valued at $938,000 after purchasing an additional 17,538 shares during the period. Kent Lake PR LLC acquired a new position in Regis in the 2nd quarter worth $412,000. GSA Capital Partners LLP purchased a new position in Regis in the 3rd quarter valued at about $335,000. Diametric Capital LP acquired a new stake in shares of Regis during the second quarter valued at about $233,000. Finally, Mink Brook Asset Management LLC purchased a new stake in shares of Regis during the third quarter worth about $267,000. 31.50% of the stock is owned by institutional investors and hedge funds.

Regis Company Profile

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.