PSquared Asset Management AG Makes New $2.87 Million Investment in Olaplex Holdings, Inc. $OLPX

PSquared Asset Management AG purchased a new position in Olaplex Holdings, Inc. (NASDAQ:OLPX) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,415,716 shares of the company’s stock, valued at approximately $2,874,000. Olaplex comprises about 1.0% of PSquared Asset Management AG’s holdings, making the stock its 13th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. grew its position in shares of Olaplex by 284.7% during the 4th quarter. Russell Investments Group Ltd. now owns 1,909,836 shares of the company’s stock valued at $2,559,000 after buying an additional 1,413,423 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in Olaplex by 1,314.1% in the second quarter. Balyasny Asset Management L.P. now owns 1,508,013 shares of the company’s stock worth $2,111,000 after acquiring an additional 1,401,369 shares during the last quarter. Archon Capital Management LLC lifted its holdings in Olaplex by 40.4% in the fourth quarter. Archon Capital Management LLC now owns 4,466,876 shares of the company’s stock worth $5,986,000 after acquiring an additional 1,284,557 shares during the last quarter. Bridgeway Capital Management LLC boosted its stake in Olaplex by 56.2% in the second quarter. Bridgeway Capital Management LLC now owns 2,629,139 shares of the company’s stock valued at $3,681,000 after acquiring an additional 946,265 shares during the period. Finally, Fund 1 Investments LLC acquired a new position in Olaplex in the fourth quarter valued at approximately $1,023,000. 87.37% of the stock is owned by institutional investors and hedge funds.

Olaplex Stock Performance

Shares of NASDAQ:OLPX opened at $2.07 on Friday. The company has a quick ratio of 5.34, a current ratio of 6.27 and a debt-to-equity ratio of 0.40. The company’s 50-day moving average price is $2.05 and its 200 day moving average price is $1.82. The company has a market cap of $1.39 billion, a PE ratio of -103.50 and a beta of 1.85. Olaplex Holdings, Inc. has a fifty-two week low of $0.99 and a fifty-two week high of $2.09.

Olaplex (NASDAQ:OLPX) last posted its earnings results on Monday, May 11th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. Olaplex had a negative net margin of 3.53% and a positive return on equity of 2.23%. The firm had revenue of $99.37 million during the quarter, compared to analysts’ expectations of $94.11 million. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts anticipate that Olaplex Holdings, Inc. will post 0.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on OLPX. Canaccord Genuity Group lowered Olaplex from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Zacks Research raised Olaplex from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Barclays boosted their price objective on Olaplex from $1.75 to $2.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 14th. Weiss Ratings restated a “sell (d)” rating on shares of Olaplex in a research note on Tuesday, April 21st. Finally, Northland Securities lowered Olaplex from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $1.92.

Insider Activity

In other news, insider Trisha L. Fox sold 16,324 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $2.04, for a total transaction of $33,300.96. Following the completion of the transaction, the insider directly owned 1,064,039 shares in the company, valued at approximately $2,170,639.56. The trade was a 1.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 4.80% of the company’s stock.

Olaplex Company Profile

Olaplex, Inc (NASDAQ: OLPX) is a specialty haircare company known for its patented bond-building technology designed to repair and strengthen hair from within. The company’s core offerings encompass a range of professional salon treatments and at-home maintenance products that target chemical damage, breakage and split ends. Olaplex formulations are built around a proprietary active ingredient that works at the molecular level to rebuild disulfide bonds broken during bleaching, coloring and heat styling processes.

Founded in 2014 and headquartered in Irvine, California, Olaplex initially gained traction among high-end salons before expanding into broader retail channels.