Insider Trading at Gordmans Stores, Inc. (GMAN): Director Buys 50,000 Shares

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Thomas Scott King, Director at Gordmans Stores, Inc. (NASDAQ:GMAN), has recently reported the acquisition of 50,000 shares of Common Stock, par value $0.001. These were bought on Monday, September 15, through an open market transaction at a price of $3,32 each, for a total value of $166,000. Following the transaction, Mr. Gordmans directly holds 50,000 securities of the $69.91 million market cap firm.

Throughout the last quarter, Gordmans Stores, Inc. (NASDAQ:GMAN)’s largest shareholder of record has also decided to increase its exposure to the firm. Citadel Investment Group, Ken Griffin’s fund and owner of 178,248 shares, has done so by over 100%.  Nonetheless, other hedge fund investors of record have determined to reduce its participation in the everyday value price department store retailer featuring a selection of brands, fashions and styles at up to 60% of department and specialty store prices every day. David E. Shaw’s fund D E Shaw, which holds 72,824 shares, and John Overdeck and David Siegel’s Two Sigma Advisors, owner of 54,375 shares, have decreased it by 38% and 1% respectively.

 

Disclosure: Pamela Gaviño holds no position in any of the stocks or funds mentioned. 

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