Water Island Capital LLC Invests $350,000 in HRG Group (HRG)

Water Island Capital LLC bought a new position in shares of HRG Group (NYSE:HRG) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 21,204 shares of the company’s stock, valued at approximately $350,000.

Several other hedge funds and other institutional investors also recently modified their holdings of HRG. First Mercantile Trust Co. purchased a new stake in shares of HRG Group in the 1st quarter worth about $140,000. MANA Advisors LLC purchased a new stake in shares of HRG Group in the 4th quarter worth about $175,000. Sei Investments Co. boosted its position in shares of HRG Group by 99.0% in the 1st quarter. Sei Investments Co. now owns 12,232 shares of the company’s stock worth $202,000 after buying an additional 6,084 shares in the last quarter. Wolverine Trading LLC boosted its position in shares of HRG Group by 197.0% in the 4th quarter. Wolverine Trading LLC now owns 12,122 shares of the company’s stock worth $205,000 after buying an additional 24,622 shares in the last quarter. Finally, Sciencast Management LP purchased a new stake in shares of HRG Group in the 4th quarter worth about $222,000. Institutional investors own 92.95% of the company’s stock.

Several equities research analysts recently commented on HRG shares. TheStreet lowered shares of HRG Group from a “c” rating to a “d” rating in a research report on Tuesday, May 22nd. ValuEngine lowered shares of HRG Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd.

HRG Group opened at $12.98 on Thursday, MarketBeat.com reports. HRG Group has a 52 week low of $9.42 and a 52 week high of $19.56. The company has a debt-to-equity ratio of 3.91, a quick ratio of 2.61 and a current ratio of 3.11.

HRG Group (NYSE:HRG) last released its earnings results on Friday, May 4th. The company reported ($0.18) earnings per share (EPS) for the quarter. The firm had revenue of $766.10 million during the quarter. HRG Group had a net margin of 11.05% and a negative return on equity of 7.35%.

About HRG Group

HRG Group, Inc, through its subsidiaries, provides various branded consumer products. It operates through two segments, Consumer Products; and Corporate and Other. Its product portfolio includes consumer batteries, such as alkaline and zinc carbon batteries, nickel metal hydride rechargeable batteries, battery chargers, battery-powered portable lighting products, hearing aid batteries, and other specialty battery products; small appliances comprising small kitchen appliances and home product appliances; and personal care products, such as electric shaving and grooming products, hair care appliances, and accessories.

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Institutional Ownership by Quarter for HRG Group (NYSE:HRG)

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