SALLY BEAUTY HLDGS INC

Ticker: SBH CUSIP: 79546E104 Class: Common Stock

KESTREL INVESTMENT MANAGEMENT CORP's Holding History (CIK: 0000917579)

Note: Option positions (PUT/CALL) are excluded.

Q2 2018

Shares 451,950 Value ($000) $7,245 Avg Close $15.90 Range $14.15 - $17.58

Q1 2018

Shares 465,450 Value ($000) $7,657 Avg Close $17.15 Range $14.66 - $19.17

Q4 2017

Shares 476,350 Value ($000) $8,936 Avg Close $17.33 Range $14.05 - $20.31

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2018	451,950	$7,245	$15.90	$14.15 - $17.58
Q1 2018	465,450	$7,657	$17.15	$14.66 - $19.17
Q4 2017	476,350	$8,936	$17.33	$14.05 - $20.31