Guess Who Picked Up Ruby Tuesday Inc. (NYSE:RT) 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

Guess Who Picked Up Polarityte Inc. (NASDAQ:COOL) Sh...
5am Ventures Llc. is Buying Pulmatrix Inc. (NASDAQ:P...
Alpha Pro Tech Ltd (NYSEMKT:APT) is Attracting Smart...

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ruby Tuesday Inc. (NYSE:RT) reported that Leon Capital Partners, Llc. has picked up 5,755,485 of common stock as of 2017-03-24.

The acquisition brings the aggregate amount owned by Leon Capital Partners, Llc. to a total of 5,755,485                representing a 9.5% stake in the company.

For those not familiar with the company, Ruby Tuesday, Inc. owns and operates Ruby Tuesday casual dining and Lime Fresh Mexican Grill (Lime Fresh) casual restaurants. The Company also franchises the Ruby Tuesday concept in selected domestic and international markets, and the Lime Fresh concept in selected domestic markets. Its segments include Ruby Tuesday concept and Lime Fresh concept. As of March 1, 2016, the Company operated 729 Ruby Tuesday restaurants in 44 states, 13 foreign countries, and Guam, and there were 16 Lime Fresh restaurants in two states. Of those restaurants, it owned and operated approximately 649 Ruby Tuesday restaurants and franchised over 80 Ruby Tuesday restaurants, which consisted of 28 domestic and 52 international restaurants. It also owned and operated over eight Lime Fresh restaurants and franchised eight Lime Fresh domestic restaurants. The Company’s corporate-owned and operated restaurants are concentrated primarily in the Southeast, Northeast, Mid-Atlantic and Midwest of the United States.

A glance at Ruby Tuesday Inc. (NYSE:RT)’s key stats reveals a current market capitalization of 151.44 Million based on 60.57 Million shares outstanding and a price at last close of $2.45 per share.

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

Specifically, on 2017-01-23, Kalish picked up 1,460 at a purchase price of $2.04. This brings their total holding to 13,049 as of the date of the filing.

On the sell side, the most recent transaction saw Southall unload 1,130 shares at a sale price of $5.46. This brings their total holding to 43,361.

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 Ruby Tuesday Inc. (NYSE:RT) 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 :

TCBP Stock: TC BioPharm (NASDAQ:TCBP) Stock O...

Clinical-stage biotech company TC BioPharm (NASDAQ:TCBP) has seen it's stock considerable momentum

Harbert Discovery Picked Key Technology Inc. ...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Key Technology Inc. (NASDAQ:KTEC) reported that Harbert Discovery Fund, Lp.
NVDA & U & ADSK all have something ...

Metaverse is big, NFTs are even bigger and Crypto is a mammoth in the market right now. All three have this in common,

related post

Skip to content