Iconix Brand Group, Inc. (NASDAQ:ICON) shares were up 6.7% on Wednesday . The stock traded as high as $0.17 and last traded at $0.16. Approximately 2,221,271 shares were traded during mid-day trading, an increase of 29% from the average daily volume of 1,716,275 shares. The stock had previously closed at $0.15.

The stock has a market capitalization of $11.14 million, a price-to-earnings ratio of 0.54 and a beta of 1.14.

Iconix Brand Group (NASDAQ:ICON) last issued its quarterly earnings data on Friday, November 9th. The brand management company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.04). The business had revenue of $46.22 million during the quarter. Iconix Brand Group had a negative return on equity of 31.50% and a negative net margin of 1.22%.

In other Iconix Brand Group news, Chairman F Peter Cuneo sold 179,992 shares of the company’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $0.26, for a total transaction of $46,797.92. Following the transaction, the chairman now directly owns 329,949 shares in the company, valued at $85,786.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its stake in shares of Iconix Brand Group by 1,020.2% in the third quarter. Renaissance Technologies LLC now owns 672,121 shares of the brand management company’s stock valued at $208,000 after acquiring an additional 612,121 shares in the last quarter. Nomura Holdings Inc. raised its stake in shares of Iconix Brand Group by 22.2% in the second quarter. Nomura Holdings Inc. now owns 1,081,307 shares of the brand management company’s stock valued at $631,000 after acquiring an additional 196,793 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Iconix Brand Group in the second quarter valued at $147,000. Finally, Paloma Partners Management Co raised its stake in shares of Iconix Brand Group by 610.7% in the second quarter. Paloma Partners Management Co now owns 243,900 shares of the brand management company’s stock valued at $142,000 after acquiring an additional 209,581 shares in the last quarter. Institutional investors own 26.58% of the company’s stock.

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About Iconix Brand Group (NASDAQ:ICON)

Iconix Brand Group, Inc is a brand management company. As of December 31, 2016, the Company owned a portfolio of over 30 global consumer brands across women’s, men’s, and home categories. The Company operates through segments: men’s, women’s, home and international. The Company’s brand portfolio includes brands, such as Candie’s, Bongo, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Umbro, Lee Cooper and Artful Dodger, and interests in Material Girl, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands.

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