Insider Selling: Vince Holding Corp. (NYSE:VNCE) Major Shareholder Sells 7,218,385 Shares of Stock

Vince Holding Corp. (NYSE:VNCE) major shareholder Rodger R. Krouse sold 7,218,385 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $2.33, for a total value of $16,818,837.05. Following the transaction, the insider now owns 1,262,933 shares of the company’s stock, valued at $2,942,633.89. This represents a 85.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Vince Price Performance

Shares of VNCE traded down $0.61 during trading hours on Friday, hitting $3.29. The stock had a trading volume of 2,061,617 shares, compared to its average volume of 9,599,925. The stock has a market capitalization of $41.47 million, a price-to-earnings ratio of 8.89 and a beta of 1.47. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.74 and a quick ratio of 0.64. The company’s fifty day moving average is $2.79 and its two-hundred day moving average is $2.12. Vince Holding Corp. has a 52 week low of $1.27 and a 52 week high of $6.89.

Vince (NYSE:VNCE) last posted its quarterly earnings data on Tuesday, December 10th. The textile maker reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.11. Vince had a net margin of 1.60% and a negative return on equity of 5.77%. On average, analysts anticipate that Vince Holding Corp. will post 0.63 EPS for the current year.

Vince Company Profile

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.