Guess Who Picked Rave Restaurant Group Inc. (NASDAQ:RAVE) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
Stay Ahead of the
Stock Market Game!
Subscribe to Small Cap
Exclusive for more

trending

NMRD Stock: Why is Nemaura Medical (NASDAQ: NMRD) A ...
ABBV AbbVie Inc Continues To Impress (NYSE:ABBV)
ANPC the best stock to buy? Trending stock? Breakout...

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Rave Restaurant Group Inc. (NASDAQ:RAVE) reported that Newcastle Partners L P. has picked up 2,481,864 of common stock as of 2017-03-23.

The acquisition brings the aggregate amount owned by Newcastle Partners L P. to a total of 2,481,864 representing a 21.9% stake in the company.

For those not familiar with the company, Rave Restaurant Group, Inc. operates and franchises pizza buffet, delivery/carry-out and express restaurants domestically and internationally under the trademark, Pizza Inn, and operates and franchises domestic fast casual restaurants under the trademarks Pie Five Pizza Company (Pie Five). The Company has two operating segments, which include Company-owned Restaurants, and Franchising and Food and Supply Distribution. The Franchising and Food and Supply Distribution segment establishes franchisees and franchise territorial rights, and sells and distributes proprietary and non-proprietary food and other items to franchisees. The Company-owned Restaurant segment includes sales and operating results for all Company-owned restaurants. It provides or facilitates the procurement and distribution of food, equipment and supplies to domestic and international system of restaurants through Norco Restaurant Services Company (Norco) division and through agreements with third-party distributors.

A glance at Rave Restaurant Group Inc. (NASDAQ:RAVE)’s key stats reveals a current market capitalization of 19.01 Million based on 10.66 Million shares outstanding and a price at last close of $1.78 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-03-08, Crane picked up 4,000 at a purchase price of $2.09. This brings their total holding to 5,000 as of the date of the filing.

On the sell side, the most recent transaction saw Mullany unload 11,000 shares at a sale price of $3.03. This brings their total holding to 10,980.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Rave Restaurant Group Inc. (NASDAQ:RAVE) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.

 

 

 

Stay in the lopp :

Polymet Mining CA:POM Stock Price is red hot,...

Polymet Mining CA:POM stock price is up 12% in the last 5 days. Also, it just made a one year all-time

Guess Who Picked Up Watts Water Technologies ...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Watts Water Technologies Inc. (NYSE:WTS) reported that Horne Timothy P.
Here's Who Just Picked Up Taiwan Fund Inc. (N...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Taiwan Fund Inc. (NYSE:TWN) reported that City Of London Investment

related post

Skip to content