Hma Acquisition, Inc. is Buying Stage Stores Inc. (NYSE:SSI) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Stage Stores Inc. (NYSE:SSI) reported that Hma Acquisition, Inc. has picked up 1,366,415 of common stock as of 2017-03-02.

The acquisition brings the aggregate amount owned by Hma Acquisition, Inc. to a total of 1,366,415 representing a 5.03% stake in the company.

For those not familiar with the company, Stage Stores, Inc. operates specialty department stores mainly in small and mid-sized towns and communities. The Company’s department stores offer a range of brand name and private label apparel, accessories, cosmetics, footwear and home goods. The Company operates approximately 830 specialty department stores in over 40 states under the BEALLS, GOODY’S, PALAIS ROYAL, PEEBLES and STAGE nameplates and a direct-to-consumer business. The Company’s direct-to-consumer business consists of its e-commerce Website and Send program. The Company’s e-commerce Website includes a range of merchandise categories found in its stores, as well as other product offerings. The Company’s in-store Send program allows customers to have merchandise shipped directly to their homes if the preferred size or color is not available in their local store. The Company’s private label portfolio brands are developed and sourced through agreements with third-party vendors.

A glance at Stage Stores Inc. (NYSE:SSI)’s key stats reveals a current market capitalization of 57.88 Million based on 27.17 Million shares outstanding and a price at last close of $2.13 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-06-20, Lundy picked up 4,000 at a purchase price of $5.18. This brings their total holding to 89,807 as of the date of the filing.

On the sell side, the most recent transaction saw Shein unload 5,000 shares at a sale price of $22.42. This brings their total holding to 42,531.

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 Stage Stores Inc. (NYSE:SSI) as things move forward to see if its progress aligns with these transactions.

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