In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Sportsman’s Warehouse Holdings Inc. (NASDAQ:SPWH) reported that Arbiter Partners Capital Management has picked up 1,977,534 of common stock as of 2017-05-12.
The acquisition brings the aggregate amount owned by Arbiter Partners Capital Management to a total of 1,977,534 representing less than 4.70% stake in the company.
For those not familiar with the company, Sportsman’s Warehouse Holdings, Inc. is an outdoor sporting goods retailer. The Company has outdoor specialty store base in the Western United States and Alaska. The Company has over 70 stores across approximately 20 states, which are located in power, neighborhood and lifestyle centers. The Company also operates several single-unit, standalone locations. Its stores average approximately 44,000 gross square feet. Its stores include locally relevant features, such as a fishing board at the entrance that displays fishing conditions in local lakes and rivers with coordinating gear in end-cap displays in the fishing aisles. The Company engages its customers through in-store features, such as the Braggin Board, various contests (such as Bucks & Bulls and Fish Alaska), and customer-owned taxidermy displays on the walls. It also hosts in-store programs, such as ladies night and a range of instructional seminars, from Dutch oven cooking to choosing the right binocular.
A glance at Sportsman’s Warehouse Holdings Inc. (NASDAQ:SPWH)’s key stats reveals a current market capitalization of 215.05 Million based on 42.27 Million shares outstanding and a price at last close of $5.02 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-12-22, Talbot picked up 4,000 at a purchase price of $9.40. This brings their total holding to 372,807 as of the date of the filing.
On the sell side, the most recent transaction saw Seidler unload 454,737 shares at a sale price of $10.77. This brings their total holding to 4,243,863.
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 Sportsman’s Warehouse Holdings Inc. (NASDAQ:SPWH) as things move forward to see if its progress aligns with these transactions.
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