Grande Group’s (NASDAQ:GRAN – Get Free Report) lock-up period is set to end on Monday, December 29th. Grande Group had issued 1,875,000 shares in its public offering on July 1st. The total size of the offering was $9,375,000 based on an initial share price of $5.00. After the end of Grande Group’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (e-)” rating on shares of Grande Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.
Get Our Latest Stock Report on GRAN
Grande Group Trading Up 8.5%
Grande Group (NASDAQ:GRAN – Get Free Report) last posted its quarterly earnings data on Friday, December 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $0.15 million for the quarter.
Hedge Funds Weigh In On Grande Group
An institutional investor recently bought a new position in Grande Group stock. Nomura Holdings Inc. bought a new stake in shares of Grande Group Limited (NASDAQ:GRAN – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 49,787 shares of the company’s stock, valued at approximately $144,000. Nomura Holdings Inc. owned 0.20% of Grande Group as of its most recent filing with the Securities and Exchange Commission.
About Grande Group
Headquartered in Hong Kong, we are a holding company incorporated in the British Virgin Islands, and all of our business is carried out by our wholly-owned Operating Subsidiary in Hong Kong, Grande Capital. Grande Capital is a boutique financial firm that focuses on providing quality corporate finance advisory services to clients in Asia. Grande Capital is a licensed corporation under the SFO to engage in Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities in Hong Kong.
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