Whole Earth Brands, Inc. (NASDAQ:FREE – Get Rating) major shareholder Sababa Holdings Free Llc bought 580,000 shares of the stock in a transaction dated Wednesday, March 15th. The shares were bought at an average price of $2.79 per share, for a total transaction of $1,618,200.00. Following the completion of the acquisition, the insider now owns 8,366,300 shares in the company, valued at $23,341,977. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Sababa Holdings Free Llc also recently made the following trade(s):
- On Monday, March 13th, Sababa Holdings Free Llc bought 1,900,000 shares of Whole Earth Brands stock. The shares were bought at an average price of $2.97 per share, for a total transaction of $5,643,000.00.
Whole Earth Brands Stock Up 3.5 %
NASDAQ:FREE opened at $2.95 on Friday. The company has a quick ratio of 1.14, a current ratio of 3.68 and a debt-to-equity ratio of 1.38. The stock’s fifty day moving average is $3.59 and its two-hundred day moving average is $3.82. Whole Earth Brands, Inc. has a 52 week low of $2.38 and a 52 week high of $7.92. The stock has a market capitalization of $123.84 million, a price-to-earnings ratio of -2.11 and a beta of 0.49.
Institutional Trading of Whole Earth Brands
Large investors have recently modified their holdings of the stock. Lazard Asset Management LLC purchased a new stake in shares of Whole Earth Brands during the first quarter worth $37,000. UBS Group AG purchased a new stake in shares of Whole Earth Brands during the third quarter worth $25,000. Tower Research Capital LLC TRC increased its position in shares of Whole Earth Brands by 62.3% during the third quarter. Tower Research Capital LLC TRC now owns 9,204 shares of the company’s stock worth $35,000 after acquiring an additional 3,533 shares during the period. Two Sigma Investments LP purchased a new stake in shares of Whole Earth Brands during the fourth quarter worth $41,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Whole Earth Brands during the third quarter worth $52,000. Hedge funds and other institutional investors own 64.80% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on FREE shares. Cowen decreased their price objective on Whole Earth Brands from $14.00 to $11.00 in a report on Monday, November 21st. Canaccord Genuity Group decreased their price objective on Whole Earth Brands from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Cowen decreased their price objective on Whole Earth Brands from $14.00 to $11.00 in a report on Monday, November 21st.
Whole Earth Brands Company Profile
Act II Global Acquisition Corp. is a blank check company. It intends to focus on the business of following sector: consumer packaged goods, consumables and hospitality including restaurants. The company was founded on August 16, 2018 and is headquartered in New York, NY.
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