Citi Trends, Inc. (NASDAQ:CTRN)’s Executive Vice President and Chief Marketing Officer T Jason Mazzola sold on an open market transaction this past August 25th 10,000 shares of Common Stock. They were sold at a weighted average price of $22.96 each, for a total value of $229,600. Following this disposal, Mr. Mazzola directly owns 79,928 shares of this value-priced retailer of $362.96 million market cap.
On the same way, Citi Trends, Inc. (NASDAQ:CTRN)’s three largest hedge fund shareholders of record have decided to reduce their stakes in this company. On the one hand, Peter Schliemann’s Rutabaga Capital Management –owner of 621,968 shares- and Wilmot B. Harkey And Daniel Mack’s Nantahala Capital Management –owner of nearly 300,000 shares- have both decreased their exposure to Citi Trends, Inc. (NASDAQ:CTRN) by over 20%. Furthermore, Chuck Royce’s fund, Royce and Associates, owner of 336,973 shares, has done so by a 55%.
Disclosure: Pamela Gaviño holds no position in any stocks or funds mentioned.