Fred’s, Inc. (FRED) Major Shareholder Alden Global Capital Llc Buys 195,000 Shares of Stock

Fred’s, Inc. (NASDAQ:FRED) major shareholder Alden Global Capital Llc bought 195,000 shares of the business’s stock in a transaction dated Thursday, October 25th. The stock was acquired at an average cost of $2.49 per share, for a total transaction of $485,550.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Alden Global Capital Llc also recently made the following trade(s):

  • On Friday, October 19th, Alden Global Capital Llc bought 950,000 shares of Fred’s stock. The stock was acquired at an average cost of $3.08 per share, for a total transaction of $2,926,000.00.
  • On Tuesday, October 23rd, Alden Global Capital Llc bought 1,145,000 shares of Fred’s stock. The stock was acquired at an average cost of $3.02 per share, for a total transaction of $3,457,900.00.
  • On Wednesday, October 17th, Alden Global Capital Llc bought 974,000 shares of Fred’s stock. The stock was acquired at an average cost of $2.68 per share, for a total transaction of $2,610,320.00.
  • On Monday, October 15th, Alden Global Capital Llc bought 70,000 shares of Fred’s stock. The stock was acquired at an average cost of $2.53 per share, for a total transaction of $177,100.00.

Shares of FRED stock opened at $2.46 on Friday. Fred’s, Inc. has a 52 week low of $1.30 and a 52 week high of $5.47. The company has a quick ratio of 0.43, a current ratio of 1.83 and a debt-to-equity ratio of 1.26.



Fred’s (NASDAQ:FRED) last issued its earnings results on Thursday, September 13th. The company reported ($0.62) EPS for the quarter. Fred’s had a negative net margin of 7.58% and a negative return on equity of 47.11%. The business had revenue of $419.66 million during the quarter.

Hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in Fred’s during the 2nd quarter worth $177,000. Millennium Management LLC purchased a new stake in Fred’s during the 2nd quarter worth $827,000. Paloma Partners Management Co purchased a new stake in Fred’s during the 2nd quarter worth $399,000. Weber Alan W purchased a new stake in Fred’s during the 2nd quarter worth $228,000. Finally, LMR Partners LLP purchased a new stake in Fred’s during the 2nd quarter worth $268,000. 67.59% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on FRED shares. ValuEngine raised shares of Fred’s from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Loop Capital set a $2.00 target price on shares of Fred’s and gave the company a “hold” rating in a research note on Monday, September 10th.

Fred’s Company Profile

Fred's, Inc, together with its subsidiaries, sells general merchandise through its retail discount stores and full service pharmacies. The company, through its stores, offers health, beauty, and personal care products; household cleaning supplies, disposable diapers, pet foods, and paper products; and various general merchandise, and food and beverage products to low, middle, and fixed income families located in small- to medium-sized towns.

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