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

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

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!