Permit Capital buys $5,214,782 stake in Iconix Brand Group Inc (ICON)

Iconix Brand Group Inc (ICON) : Permit Capital scooped up 237,600 additional shares in Iconix Brand Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 647,799 shares of Iconix Brand Group Inc which is valued at $5,214,782.Iconix Brand Group Inc makes up approximately 3.41% of Permit Capital’s portfolio.

Other Hedge Funds, Including , Bamco Inc Ny sold out all of its stake in ICON during the most recent quarter. The investment firm sold 1,000,000 shares of ICON which is valued $8,050,000. Formidable Asset Management sold out all of its stake in ICON during the most recent quarter. The investment firm sold 400 shares of ICON which is valued $3,220. Symons Capital Management Inc added ICON to its portfolio by purchasing 20,670 company shares during the most recent quarter which is valued at $150,891. Iconix Brand Group Inc makes up approx 0.04% of Symons Capital Management Inc’s portfolio.

Iconix Brand Group Inc opened for trading at $8.45 and hit $8.65 on the upside on Thursday, eventually ending the session at $8.63, with a gain of 2.74% or 0.23 points. The heightened volatility saw the trading volume jump to 5,22,829 shares. Company has a market cap of $484 M.

On the company’s financial health, Iconix Brand Group Inc reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.22. The company had revenue of $95.74 million for the quarter, compared to analysts expectations of $95.22 million. The company’s revenue was down -1.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.45 EPS.

Iconix Brand Group Inc. is a brand management company and owner of a diversified portfolio of 35 global consumer brands across women’s men’s entertainment and home. The Company’s brand portfolio includes Candie’s Bongo Badgley Mischka Joe Boxer Rampage Mudd London Fog Mossimo Ocean Pacific (OP) Danskin Rocawear Cannon Royal Velvet Fieldcrest Charisma Starter Waverly Zoo York Sharper Image Umbro Lee Cooper Ecko Unltd. Marc Ecko and Strawberry Shortcake. The Company also has interest in Artful Dodger Material Girl Peanuts Ed Hardy Truth or Dare Billionaire Boys Club Ice Cream Modern Amusement Buffalo Nick Graham Pony and Hydraulic brands. The Company licenses its brands with respect to a range of products including apparel footwear fashion accessories sportswear home products and decor and beauty and fragrance and in the case of its Sharper Image brand consumer electronics and novelty products.

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