Force Capital Dumps Sears Hometown and Outlet Stores Inc (SHOS)

Robert Jaffe‘s Force Capital has liquidated its position in Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS), according to a recent filing with the Securities and Exchange Commission. Previously, Jaffe’s fund owned 1.2 million shares of the equity, which was 5.6% of all outstanding stock.

The news comes after the retailers stock plummeted more than 45% during the past year. Indeed, SHOS is down more than 12% since the beginning of 2014. However, the last 12 months have seen 15 insider purchases against only one insider sale of the company.

Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS)

Force Capital is a US long-short equity firm that specializes in deep fundamental research in middle-market companies in financial, consumer and industrial sectors. Mr. Jaffe’s favorite stocks are General Motors Company (NYSE:GM), which the funds owns 849 thousand shares of, CSX Corporation (NYSE:CSX), which the fund owns 1.1 million shares of, and Charter Communications, Inc. (NASDAQ:CHTR), which Force Capital is long to the tune of 204 thousand shares.

Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) recently made headlines when the company and its subsidiaries are decided to donate over $200,000 to first responders. The company partnered with the National Volunteer Fire Council (NVFC) in its “Salute to Local Heroes” campaign to provide fire and EMS departments with critical funds to improve resources for training and equipment, as well as overall financial support.

Other funds invested in Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) include Edward Lampert‘s ESL Investments, which owns 5.7 million shares, Tremblant Capital, managed by Brett Barakett, which owns 939 thousand shares, and Debra Fine‘s Fine Capital Partners, which owns more than 886 thousand shares of the stock.

Disclosure: none

Recommended Reading:

Becker Drapkin Ups Stake in Nano-Cap Special Diversified Opportunities Inc (SDOI)

Roumell Cuts Exposure to Transcept Pharmaceuticals (TSPT) and Ups Stake in DSP Group (DSPG)

Ra Capital Management Initiates Stake in Furiex Pharmaceuticals Inc (FURX) After the Stock Jumped

Biotech Insider Alert - $5 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!