Guess Who Picked New York & Company Inc. (NYSE:NWY) Shares

0
42
SONY DSC

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), New York & Company Inc. (NYSE:NWY) reported that Kanen Wealth Management Llc has picked up  of common stock as of 2017-08-07.

The acquisition brings the aggregate amount owned by Kanen Wealth Management Llc to a total of  representing a 6.3% in the company.

For those not familiar with the company, New York & Company, Inc. is a specialty retailer of women’s fashion apparel and accessories. The Company’s branded New York & Company merchandise is sold through its national network of retail stores and online at www.nyandcompany.com. It operates approximately 490 stores, including over 80 outlet stores in over 40 states. It offers brands, including NY&C, City Style, NY Style, Soho Jeans, Lerner and Lerner New York. It offers a merchandise assortment consisting of wear-to-work, casual apparel and accessories, including pants, dresses, jackets, knit tops, blouses, sweaters, denim, t-shirts, activewear, handbags, jewelry and shoes. Its stores are located in shopping malls, lifestyle centers, outlet centers, and off-mall locations, including urban street locations. The outlet stores offer a merchandise mix consisting of apparel and accessories.

A glance at New York & Company Inc. (NYSE:NWY)’s key stats reveals a current market capitalization of 107.88M based on 64.21M shares outstanding and a price at last close of $1.69 per share.

Looking at insider activity, there are a few recent transactions worth noting.

Specifically, on 2017-01-25, Egan picked up 1,275 at a purchase price of $2.08 per share.This brings their total holding to 73,586 as of the date of the filing.

On the sell side, the most recent transaction saw Finnegan unload 21,120 shares at a sale price of $2.45. This brings their total holding to 37,463.

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 New York & Company Inc. (NYSE:NWY) as things move forward to see if its progress aligns with these transactions. Subscribe below and we’ll keep you on top of what’s happening before it moves markets.