Janney Montgomery Scott LLC Sells 11,155 Shares of Whole Earth Brands, Inc. (NASDAQ:FREE)

Janney Montgomery Scott LLC trimmed its stake in Whole Earth Brands, Inc. (NASDAQ:FREE – Get Rating) by 31.8% during the 4th quarter, HoldingsChannel reports. The fund owned 23,942 shares of the company’s stock after selling 11,155 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Whole Earth Brands were worth $97,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. UBS Group AG purchased a new position in Whole Earth Brands in the 3rd quarter worth approximately $25,000. Tower Research Capital LLC TRC increased its holdings in shares of Whole Earth Brands by 62.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 9,204 shares of the company’s stock worth $35,000 after purchasing an additional 3,533 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Whole Earth Brands in the 1st quarter worth $37,000. Victory Capital Management Inc. purchased a new position in shares of Whole Earth Brands in the third quarter worth $52,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Whole Earth Brands during the third quarter valued at $56,000. 64.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FREE has been the subject of several research analyst reports. Imperial Capital assumed coverage on Whole Earth Brands in a report on Wednesday, April 12th. They issued an “outperform” rating and a $8.25 price objective for the company. Roth Capital reissued a “buy” rating on shares of Whole Earth Brands in a report on Thursday, March 16th. Finally, Canaccord Genuity Group lowered their price objective on shares of Whole Earth Brands from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, March 14th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $8.85.

Insider Activity

In related news, major shareholder Sababa Holdings Free Llc bought 580,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The shares were bought at an average cost of $2.79 per share, with a total value of $1,618,200.00. Following the acquisition, the insider now owns 8,366,300 shares in the company, valued at $23,341,977. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 4.10% of the company’s stock.

Whole Earth Brands Trading Up 3.2 %

Shares of NASDAQ:FREE opened at $2.90 on Friday. Whole Earth Brands, Inc. has a 52-week low of $2.09 and a 52-week high of $7.38. The stock has a market capitalization of $122.89 million, a price-to-earnings ratio of -2.07 and a beta of 0.44. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.22 and a current ratio of 3.73. The stock’s 50-day simple moving average is $2.54 and its two-hundred day simple moving average is $3.33.

Whole Earth Brands (NASDAQ:FREE – Get Rating) last announced its earnings results on Monday, March 13th. The company reported ($1.44) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($1.45). Whole Earth Brands had a negative net margin of 10.91% and a negative return on equity of 17.20%. The business had revenue of $138.90 million for the quarter, compared to the consensus estimate of $139.59 million. During the same quarter last year, the firm posted $0.10 earnings per share. Analysts expect that Whole Earth Brands, Inc. will post -0.14 EPS for the current year.

Whole Earth Brands Company Profile

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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.