In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Revlon Inc. (NYSE:REV) reported that Macandrews & Forbes Inc. has picked up 41,619,640 of common stock as of 2017-05-10.
The acquisition brings the aggregate amount owned by Macandrews & Forbes Inc. to a total of 41,619,640 representing less than 79.1% stake in the company.
For those not familiar with the company, Revlon, Inc. manufactures, markets and sells around the world a range of beauty and personal care products, including color cosmetics, hair color, hair care and hair treatments, as well as beauty tools, men’s grooming products, anti-perspirant deodorants, fragrances, skincare and other beauty care products. The Company operates through four segments: Consumer, which includes cosmetics, hair color and hair care, beauty tools, anti-perspirant deodorants, fragrances and skincare products; Professional, which includes a line of products sold to hair and nail salons, and professional salon distributors, including hair color, shampoos, conditioners, styling products, nail polishes and nail enhancements; Elizabeth Arden, which include Elizabeth Arden, which produces skin care, color cosmetics and fragrances under the Elizabeth Arden brand and Other, which includes the distribution of prestige, designer and celebrity fragrances, cosmetics and skincare products.
A glance at Revlon Inc. (NYSE:REV)’s key stats reveals a current market capitalization of 1.11 Billion based on 52.84 Million shares outstanding and a price at last close of $21.00 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-05-09, Perelman picked up 200,000 at a purchase price of $20.47. This brings their total holding to 41,619,640 as of the date of the filing.
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 Revlon Inc. (NYSE:REV) as things move forward to see if its progress aligns with these transactions.
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