Regis (NYSE:RGS) Director 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 value of $14,000.00. Following the transaction, the director owned 13,067 shares of the company’s stock, valued at $365,876. This represents a 3.69% 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.

Regis Price Performance

Shares of RGS traded up $0.30 during trading hours on Friday, hitting $29.00. The stock had a trading volume of 5,496 shares, compared to its average volume of 15,640. The stock has a market capitalization of $71.92 million, a price-to-earnings ratio of 0.74 and a beta of 1.48. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.40 and a quick ratio of 0.40. The company’s fifty day moving average is $28.61 and its two-hundred day moving average is $25.13. Regis Co. has a 52 week low of $15.00 and a 52 week high of $31.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Aspire Growth Partners LLC increased its holdings in Regis by 14.5% during the 2nd quarter. Aspire Growth Partners LLC now owns 14,649 shares of the company’s stock valued at $327,000 after purchasing an additional 1,860 shares in the last quarter. Mink Brook Asset Management LLC bought a new stake in shares of Regis during the third quarter worth $267,000. Diametric Capital LP acquired a new stake in shares of Regis in the second quarter valued at $233,000. GSA Capital Partners LLP bought a new position in shares of Regis in the third quarter valued at about $335,000. Finally, Kent Lake PR LLC bought a new position in shares of Regis in the second quarter valued at about $412,000. 31.50% of the stock is owned by institutional investors and hedge funds.

About Regis

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.