Glenn J. Krevlin’s Glenhill Advisors continued their disposal in A.C. Moore Arts & Crafts, Inc. (ACMR). According to the Form 4 filing on October 7th, Glenhill Advisors made a one-time sale on October 5th at $1.51 for 1,275,000 shares in ACMR, corresponding to a 5% stake of the stock. After that, Glenhill Advisors remain 2,725,000 shares, or 10.7% ownership stake in their position. This is a second large ACMR sale made by Glenhill Advisors after their 1 million shares disposal on October 4th.
the second quarter totally five hedge funds had ACMR in their portfolios. As mentioned, Glenn J. Krevlin’s Glenhill Advisors had the most shares. Besides, Phill Gross and Robert Atchinson’s Adage Capital Management had 874 thousand shares, and Jim Simons’ Renaissance Technologies had 286 thousand shares at that time.
Glenn J. Krevlin’s Glenhill Advisors have a portfolio value of more than $1 billion, with most of the capital invested in Services, Consumer Goods, Financial, Technology, Industrial Goods and Basic Materials sector.
A.C. Moore Arts & Crafts, Inc. is a “specialty retailer of arts, crafts, and floral merchandise” in the eastern U.S. According to Yahoo! Finance, the company stores arts and crafts and seasonal items for children and adults, it also operates through its online store. A.C. Moore Arts & Crafts, Inc. was founded in 1984 with headquarter located in NJ.