Trans World Entertainment major shareholder Acquires $221,061 in Stock (TWMC)
Trans World Entertainment (NASDAQ:TWMC) major shareholder Lloyd I. Miller III bought 68,440 shares of Trans World Entertainment stock on the open market in a transaction dated Wednesday, June 25th. The shares were purchased at an average price of $3.23 per share, for a total transaction of $221,061.20. Following the completion of the transaction, the insider now directly owns 1,131,181 shares of the company’s stock, valued at approximately $3,653,715. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Trans World Entertainment (NASDAQ:TWMC) traded up 4.67% on Thursday, hitting $3.36. The stock had a trading volume of 99,444 shares. Trans World Entertainment has a one year low of $3.15 and a one year high of $5.59. The stock has a 50-day moving average of $3.3 and a 200-day moving average of $3.82. The company has a market cap of $107.1 million and a price-to-earnings ratio of 16.81.
Trans World Entertainment (NASDAQ:TWMC) last released its earnings data on Thursday, May 22nd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.08.
Trans World Entertainment Corporation operates retail stores and three e-commerce sites and is a specialty retailer of entertainment products, including video, music, electronics, trend, video games and related products in the United States.
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