Stage Stores Inc (NYSE:SSI) saw an insider raise his exposure through a transaction that was filed today. The President and Chief Executive Officer Michael L. Glazer acquired 10,000 shares of common stock at prices ranging from $16.21 per share to $16.26 per share. Following this move, Glazer holds a total of 284,184 shares directly.
A $536.85 million market cap company, Stage Stores Inc (NYSE:SSI) is a Houston, Texas-based retailer, which operates both department stores and off-price stores. Its department stores, which operate under the Bealls, Goody’s, Palais Royal, Peebles and Stage nameplates, offer apparel, accessories, cosmetics and footwear for the entire family. The Company also has an eCommerce Website that offers brand name and private-label apparel, accessories, cosmetics and footwear.
In addition, among the outside investors in Stage Stores Inc (NYSE:SSI) is Royce & Associates, the hedge fund run by billionaire Chuck Royce. After lowering its holdings by 59% last quarter, the fund holds 308,473 shares worth about $5.8 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.