Stein Mart Inc (SMRT) Files Form 4 Insider Selling : D Hunt Hawkins Sells 10,000 Shares

Stein Mart Inc (SMRT): D Hunt Hawkins , President and COO of Stein Mart Inc sold 10,000 shares on Jun 10, 2016. The Insider selling transaction was reported by the company on Jun 13, 2016 to the Securities and Exchange Commission. The shares were sold at $7.23 per share for a total value of $72,280.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 13, 2016, D Hunt Hawkins (President and COO) sold 10,000 shares at $7.23 per share price.On Jan 19, 2016, Jay Stein (CEO) purchased 63,000 shares at $6.39 per share price.Also, On Nov 30, 2015, Mitchell W Legler (director) purchased 10,000 shares at $7.19 per share price.On Aug 25, 2015, Mcfarland Linda Farthing (director) sold 12,208 shares at $10.33 per share price.

Shares of Stein Mart (SMRT) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.01 points or -0.14% at $7.25 with 1,14,788 shares getting traded. Post opening the session at $7.22, the shares hit an intraday low of $7.12 and an intraday high of $7.42 and the price vacillated in this range throughout the day. The company has a market cap of $336 M and the number of outstanding shares has been calculated to be 4,63,65,471 shares. The 52-week high of Stein Mart is $11.48 and the 52-week low is $5.61.

Stein Mart Money Flow Index Chart

Company has been under the radar of several Street Analysts.Stein Mart is Downgraded by Northcoast to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 9, 2016.

Stein Mart Inc. is a national retailer offering the fashion merchandise service and presentation of a department or specialty store. The Company offers apparel for women and men as well as accessories shoes and home fashions. It is focused on 35-65 year old woman customers. As of January 31 2015 it operated 270 stores in 30 states and an Internet store. It stores are located in the Northeast Midwest Southeast Texas and the Southwest. It is concentrated in the Southeast and Texas where 184 of its stores are located. The company’s typical store is approximately 32000 gross square feet with a racetrack design centralized check-out and individual dressing rooms. Its stores offer a range of services such as merchandise locator service a Preferred Customer program co-branded and private label credit card programs and electronic gift cards.

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