Sababa Holdings Free Llc Buys 580,000 Shares of Whole Earth Brands, Inc. (NASDAQ:FREE) Stock

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.

Whole Earth Brands (NASDAQ:FREE – Get Rating) last released its quarterly earnings results on Monday, March 13th. The company reported ($1.44) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($1.45). Whole Earth Brands had a negative return on equity of 16.50% and a negative net margin of 10.91%. The firm had revenue of $138.90 million for the quarter, compared to analyst estimates of $139.59 million. During the same quarter last year, the company earned $0.10 earnings per share. Research analysts anticipate that Whole Earth Brands, Inc. will post 0.35 EPS for the current year.

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

(Get Rating)

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.