Clinton Group Sells Some More ValueVision Media Inc (VVTV) Shares

Greg Taxin‘s Clinton Group has sold 412,137 shares of ValueVision Media Inc (NASDAQ:VVTV). Following the disposal of shares, the fund holds in aggregate around 2.7 million shares of the company. The main amount of securities has been disposed in ten transactions, the price varying from $6.59 to $6.80 per share. In addition to that, Clinton sold 122,500 shares, held under the “Call” option, at the price of $5.00 apiece. ValueVision Media, Inc. (NASDAQ:VVTV) ValueVision Media Inc (NASDAQ:VVTV) in the third quarter reported a 7% surge in sales from $138 million in the third quarter of 2012 to $147 million. The sales got a boost from its Fashion & Accessories and Home & Consumer Electronics categories. The net loss reduced from $4 million in the third quarter of 2012 to $1 million this quarter.

Earlier, Clinton has formed an activist group with another shareholder of ValueVision Media Inc (NASDAQ:VVTV),  Carlo Cannell‘s Cannell Capital. Both funds planned to call a shareholders meeting, but the company declined their request. Earlier in November, Cannell reported about holding 5.54 million shares of ValueVision, part of which being held by Clinton Group.

Another hedge fund that owns a large amount of shares of the company is Par Capital Management, managed by Paul Reeder And Edward Shapiro owns 3.56 million shares valued at $15.5 million.

Of late Clinton Group, announced that it is looking into financing alternatives, which will allow Clinton Group to make an offer to acquire the equity of  The Wet Seal, Inc. (NASDAQ:WTSL), thereby taking the company private. Clinton owns 6.9 million class A shares of Wet Seal, versus 6.5 million, including options, held at the end of September.

Clinton Group also finds Service sector companies and Basic Materials attractive and holds 3.23 million shares of Everyware Global Inc (NASDAQ:EVRY), valued at $36.88 million. In Nutrisystem Inc (NASDAQ:NTRI) the fund owns 1.39 million shares, worth over $20 million.

Disclosure: none

Recommended Reading:

Abrams Capital Management Trims the Stake in Engility Holdings Inc (EGL)

Glenview Capital Further Increases Position in Tenet Healthcare Corp (THC)

Heartware International, Inc. (HTWR) Now Has More Adage Capital Management Interest

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!