Quinn Opportunity Partners LLC Invests $3.96 Million in Vera Bradley, Inc. (NASDAQ:VRA)

Quinn Opportunity Partners LLC purchased a new position in shares of Vera Bradley, Inc. (NASDAQ:VRA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,006,929 shares of the textile maker's stock, valued at approximately $3,957,000. Quinn Opportunity Partners LLC owned about 3.63% of Vera Bradley at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of Vera Bradley during the 4th quarter worth $2,792,000. Peapod Lane Capital LLC purchased a new position in Vera Bradley in the fourth quarter valued at about $1,823,000. Royce & Associates LP lifted its position in shares of Vera Bradley by 18.9% during the 4th quarter. Royce & Associates LP now owns 1,893,687 shares of the textile maker's stock valued at $7,442,000 after acquiring an additional 301,522 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Vera Bradley by 11.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 721,260 shares of the textile maker's stock worth $2,835,000 after acquiring an additional 73,277 shares during the period. Finally, American Century Companies Inc. increased its stake in Vera Bradley by 9.1% in the 4th quarter. American Century Companies Inc. now owns 523,941 shares of the textile maker's stock valued at $2,059,000 after purchasing an additional 43,482 shares in the last quarter. 59.88% of the stock is owned by institutional investors and hedge funds.

Vera Bradley Trading Down 7.6 %

Shares of VRA stock traded down $0.15 during mid-day trading on Tuesday, reaching $1.82. The stock had a trading volume of 361,221 shares, compared to its average volume of 339,121. The company has a market cap of $50.42 million, a P/E ratio of -3.08 and a beta of 1.86. Vera Bradley, Inc. has a 12-month low of $1.78 and a 12-month high of $8.33. The business has a 50-day simple moving average of $2.74 and a 200 day simple moving average of $3.97.

Remove Ads

Vera Bradley Profile

Vera Bradley, Inc, together with its subsidiaries, designs, manufactures, and sells women's handbags, luggage and travel items, fashion and home accessories, and gifts. It operates through three segments: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida. The company offers bag products, such as totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including ID holders, lanyards, wallets, wristlets, eyewear, scarves, hair accessories, and various technology accessories; bracelets, rings, and necklaces under Pura Vida brand name; and travel products consist of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.