Large fund owner more than doubles stake.On Thursday, Cross River Capital Management more than doubled their stake inFrancesca’s Holdings Corporation (FRAN). They did so by buying 341,973 shares of the retailer, shelling out over $625,000. As the trade occurred below market rates, the additional number of shares was achieved off-market, and likely the result of the fund’s prior debt investments in the company converting to shares at a lower rate. Francesca’s is a boutique apparel retail company with 727 boutiques in 47 states. The company is focused on gifts for women between the ages of...
More








