Michael Merriman Sells 500 Shares of Regis (NYSE:RGS) Stock

Regis Co. (NYSE:RGS) Director Michael Merriman sold 500 shares of Regis stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $28.00, for a total value of $14,000.00. Following the completion of the sale, the director owned 13,067 shares of the company’s stock, valued at approximately $365,876. The trade was a 3.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Regis Stock Performance

Regis stock opened at $29.00 on Friday. The company has a market cap of $71.92 million, a PE ratio of 0.74 and a beta of 1.48. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.67. Regis Co. has a 1 year low of $15.00 and a 1 year high of $31.50. The company’s 50-day moving average is $28.60 and its two-hundred day moving average is $25.19.

Institutional Trading of Regis

Institutional investors have recently bought and sold shares of the business. Aspire Growth Partners LLC lifted its stake in shares of Regis by 119.7% in the 3rd quarter. Aspire Growth Partners LLC now owns 32,187 shares of the company’s stock valued at $938,000 after purchasing an additional 17,538 shares during the period. Kent Lake PR LLC bought a new stake in Regis in the second quarter valued at about $412,000. GSA Capital Partners LLP acquired a new position in Regis in the third quarter valued at about $335,000. Diametric Capital LP bought a new position in Regis during the second quarter worth about $233,000. Finally, Mink Brook Asset Management LLC bought a new position in Regis during the third quarter worth about $267,000. Institutional investors and hedge funds own 31.50% of the company’s stock.

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.