SG Americas Securities LLC Makes New Investment in Potbelly Co. (NASDAQ:PBPB)

SG Americas Securities LLC bought a new stake in Potbelly Co. (NASDAQ:PBPB) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 12,861 shares of the company’s stock, valued at approximately $121,000.

Several other large investors have also modified their holdings of PBPB. FMR LLC lifted its position in shares of Potbelly by 1,101.9% during the third quarter. FMR LLC now owns 8,678 shares of the company’s stock worth $72,000 after purchasing an additional 7,956 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Potbelly during the third quarter worth about $87,000. The Manufacturers Life Insurance Company bought a new position in shares of Potbelly during the second quarter worth about $86,000. Quarry LP lifted its position in shares of Potbelly by 662.9% during the third quarter. Quarry LP now owns 10,925 shares of the company’s stock worth $91,000 after purchasing an additional 9,493 shares during the last quarter. Finally, XTX Topco Ltd lifted its position in shares of Potbelly by 4.8% during the third quarter. XTX Topco Ltd now owns 31,984 shares of the company’s stock worth $267,000 after purchasing an additional 1,456 shares during the last quarter. Institutional investors own 72.60% of the company’s stock.

Potbelly Stock Performance

Shares of PBPB stock opened at $12.59 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.49. Potbelly Co. has a one year low of $6.28 and a one year high of $14.36. The company’s 50-day simple moving average is $10.53 and its 200-day simple moving average is $9.08. The stock has a market capitalization of $376.94 million, a price-to-earnings ratio of 10.07 and a beta of 1.34.

Insider Transactions at Potbelly

In other Potbelly news, major shareholder David Nierenberg bought 4,740 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were purchased at an average price of $9.36 per share, with a total value of $44,366.40. Following the completion of the acquisition, the insider now directly owns 3,150 shares of the company’s stock, valued at approximately $29,484. The trade was a -298.11 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 9.10% of the company’s stock.

About Potbelly

Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly sandwich shops in the United States. The company was formerly known as Potbelly Sandwich Works, Inc and changed its name to Potbelly Corporation in 2002. Potbelly Corporation was founded in 1977 and is headquartered in Chicago, Illinois.