In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Tandy Leather Factory Inc. (NASDAQ:TLF) reported that Central Square Management has picked up 616,513 of common stock as of 2017-01-12.
The acquisition brings the aggregate amount owned by Central Square Management to a total of 616,513 representing a 6.7% stake in the company.
For those not familiar with the company, Tandy Leather Factory, Inc. is a retailer and a wholesale distributor of a range of leather and related products. The Company’s products include leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The Company also manufactures leather lacing and some of its do-it-yourself kits. The Company operates through three segments: Wholesale Leathercraft, Retail Leathercraft and International Leathercraft. The Wholesale Leathercraft segment consists of a chain of wholesale stores operating under the name, The Leather Factory, located in North America. The Retail Leathercraft segment consists of a chain of retail stores operating under the name, Tandy Leather Company, located in North America.
A glance at Tandy Leather Factory Inc. (NASDAQ:TLF)’s key stats reveals a current market capitalization of 71.83 million based on 9.27 million shares outstanding and a price at last close of $7.85 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-12-13, Pappas picked up 6,691 at a purchase price of $7.64. This brings their total holding to 116,726 as of the date of the filing.
On the sell side, the most recent transaction saw Thompson unload 107 shares at a sale price of $7.05. This brings their total holding to 119,062.
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 Tandy Leather Factory Inc. (NASDAQ:TLF) as things move forward to see if its progress aligns with these transactions.
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