In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Finish Line Inc. (NASDAQ:FINL) reported that Sports Direct International Plc. has picked up 7,022,660 of common stock as of 2017-06-05.
The acquisition brings the aggregate amount owned by Sports Direct International Plc. to a total of 7,022,660 representing less than 17.4% stake in the company.
For those not familiar with the company, The Finish Line, Inc. is a specialty retailer. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico. The Company operates through the Finish Line brand. Finish Line is a retailer of athletic shoes, apparel and accessories. The Company has approximately 970 Finish Line branded locations primarily in the United States malls and shops inside Macy’s department stores. In addition, Finish Line operates an e-commerce site, www.finishline.com, as well as mobile commerce through m.finishline.com. Finish Line carries a selection of men’s, women’s and kids’ athletic shoes (footwear), as well as an assortment of apparel and accessories (softgoods). Brand names offered by Finish Line include Nike, Brand Jordan, adidas, Under Armour and Puma.
A glance at Finish Line Inc. (NASDAQ:FINL)’s key stats reveals a current market capitalization of 553.40 Million based on 40.34 Million shares outstanding and a price at last close of $14.00 per share.
Looking at insider activity, there are a few transactions worth noting.
On the sell side, the most recent transaction saw Greenwell unload 4,077 shares at a sale price of $21.67. This brings their total holding to 33,615.
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 Finish Line Inc. (NASDAQ:FINL) as things move forward to see if its progress aligns with these transactions.
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