In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Bon Ton Stores Inc. (NASDAQ:BONT) reported that GAMCO Investors has picked up 315,000 of common stock as of 2017-03-15.
The acquisition brings the aggregate amount owned by GAMCO Investors to a total of 315,000 representing a 1.69% stake in the company.
For those not familiar with the company, The Bon-Ton Stores, Inc. is a department store operator. The Company operates through two segments: stores and eCommerce (its Internet Websites). The Company offers a range of brand-name fashion apparel and accessories for women, men and children. It operates approximately 270 stores in over 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates, encompassing a total of approximately 25 million square feet. Its nationally distributed brand assortment includes a range of labels in the apparel, accessories, footwear, cosmetics and home furnishings industries, such as Anne Klein, Calvin Klein, Carters, Chaps, Clarks, Clinique, Coach, Estee Lauder, Fossil, Free People, Frye, Jessica Simpson and Vince Camuto. Its private brand portfolio includes Laura Ashley, Ruff Hewn, Relativity and Casa by Victor Alfaro.
A glance at Bon Ton Stores Inc. (NASDAQ:BONT)’s key stats reveals a current market capitalization of 21.60 Million based on 18.63 Million shares outstanding and a price at last close of $1.01 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-09-06, Morgan picked up 27,193 at a purchase price of $1.70. This brings their total holding to 1,723,353 as of the date of the filing.
On the sell side, the most recent transaction saw Brigade unload 81,644 shares at a sale price of $2.28. This brings their total holding to 1,453,356.
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 Bon Ton Stores Inc. (NASDAQ:BONT) as things move forward to see if its progress aligns with these transactions.
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