bebe stores, inc. (NASDAQ:BEBE) Major Shareholder Lloyd I. Miller III Acquires 2,044 Shares
bebe stores, inc. (NASDAQ:BEBE) major shareholder Lloyd I. Miller III purchased 2,044 shares of bebe stores, inc. stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $5.00 per share, with a total value of $10,220.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
bebe stores, inc. (NASDAQ BEBE) traded down 3.60% during mid-day trading on Monday, reaching $5.09. 6,575 shares of the company traded hands. The firm’s 50-day moving average is $6.06 and its 200 day moving average is $5.27. bebe stores, inc. has a 52-week low of $3.02 and a 52-week high of $9.10. The stock’s market capitalization is $41.20 million.
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Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of bebe stores, inc. by 1.3% in the second quarter. Vanguard Group Inc. now owns 99,760 shares of the company’s stock valued at $593,000 after buying an additional 1,300 shares during the period. Quinn Opportunity Partners LLC purchased a new position in shares of bebe stores, inc. during the second quarter valued at about $856,000. potrero capital research llc increased its position in shares of bebe stores, inc. by 156.7% in the first quarter. potrero capital research llc now owns 220,705 shares of the company’s stock valued at $867,000 after buying an additional 134,726 shares during the period. Renaissance Technologies LLC increased its position in shares of bebe stores, inc. by 6.2% in the first quarter. Renaissance Technologies LLC now owns 230,830 shares of the company’s stock valued at $907,000 after buying an additional 13,400 shares during the period. Finally, Royce & Associates LP increased its position in shares of bebe stores, inc. by 43.3% in the first quarter. Royce & Associates LP now owns 352,355 shares of the company’s stock valued at $1,367,000 after buying an additional 106,394 shares during the period. 11.42% of the stock is owned by institutional investors.
Separately, ValuEngine upgraded shares of bebe stores, inc. from a “sell” rating to a “hold” rating in a research report on Thursday, June 22nd.
About bebe stores, inc.
bebe stores, inc. designs, develops and produces a range of contemporary women’s apparel and accessories. The Company’s product offering includes a range of separates, tops, dresses, active wear and accessories for a range of occasions. It designs and develops its merchandise in-house, which is manufactured to its specifications and it also sources directly from third-party manufacturers.
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