In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Overstock.com Inc. (NASDAQ:OSTK) reported that Byrne Patrick has picked up 6,612,122 of common stock as of 2017-02-23.
The acquisition brings the aggregate amount owned by Byrne Patrick to a total of 6,612,122 representing a 26.6% stake in the company.
For those not familiar with the company, Overstock.com, Inc. is an online retailer offering a range of merchandise, including furniture, home decor, bedding and bath, houseware, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods, among other products. The Company operates through two segments: direct business and partner business. Its direct business includes sales made to individual consumers and businesses. For the Company’s partner business, it sells merchandise from manufacturers, distributors and other suppliers. The Company also sells books, magazines, compact discs (CDs), digital versatile discs (DVDs) and video games under books, movies, music and games (BMMG) category. It sells these products through its Internet Websites located at www.overstock.com, www.o.co and www.o.biz. The Company offers approximately 877,000 non-BMMG products and 1.1 million BMMG products.
A glance at Overstock.com Inc. (NASDAQ:OSTK)’s key stats reveals a current market capitalization of 455.66 million based on 25.43 million shares outstanding and a price at last close of $18.00 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-07-15, Simon picked up 70,000 at a purchase price of $16.96. This brings their total holding to 147,417 as of the date of the filing.
On the sell side, the most recent transaction saw Tabacco unload 20,000 shares at a sale price of $18.26. This brings their total holding to 41,266.
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 Overstock.com Inc. (NASDAQ:OSTK) as things move forward to see if its progress aligns with these transactions.
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