Fiera Capital Corp T.FSZ

Oh no, is FSZ going to drop tomorrow to $9.80 or lower?

[CriticalMind55]

5 analyst have FSZ as Hold for this?

[Lawyerup]

See how the market reacts tomorrow.  FSZ is buying back and canceling 3.5M shares for $35M which should push the stock higher but it depends how much the block of 7.1M go for.  Market cap is just over $1B so this represents roughly 10% of the shares of FSZ.  It looks to me that RBC probably already has a block buyer, maybe a mutual fund, ETF or whatever.  We might see a drop

[CriticalMind55]

Yes, I heard from my broker, Fiera Capital Corp. - Secondary Offering from Desjarden is $69,776,000 at $9.80/share, It may drop a day or two then DCA time...

[BlueJay2020]

It's always a bit of a worrying sign when a major shareholder heads for the exit.  There's no reason to suspect any underlying concerns, but doesn't do anything for sentiment!