Insider Purchase at Tilly’s Inc. (TLYS): Dan Griesemer Buys 25,000 Shares

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Dan Griesemer, President and Chief Executive Officer at Tilly’s Inc. (NYSE:TLYS), bought 25,000 shares of Class A Common Stock yesterday, for a price of $7.79 per share. This is the first company stock purchase to be executed by the CEO, and it is also the first stock purchase of the year for Tilly’s. In fact, this fiscal year merely showed insider dispositions, with Trust Annuity Hs, a large shareholder, selling out 34,051 shares in a three-day transaction, at an average price of $12.20 per share.

However, in terms of shareholder positions amongst hedge funds, this quarter was uplifting, with several hedge funds augmenting Tilly’s Inc. participation in their portfolios. Such was the case at John Overdeck and David Siegel’s hedge fund, Two Sigma Advisors, which increased the company’s holdings by 67% this quarter, and now holds 70.598 shares, worth $826,000. Lyon Street Capital, the hedge fund run by Brian C. Freckmann, has the largest shareholder position at Tilly’s, with 500,902 shares, with a value of $5.8 million, comprising 2.71% of its portfolio.

Disclosure: none

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