Lovesac Co (LOVE) Holdings Raised by Penn Capital Management Co. Inc.
Penn Capital Management Co. Inc. raised its position in Lovesac Co (NASDAQ:LOVE) by 55.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,542 shares of the company’s stock after acquiring an additional 38,497 shares during the period. Penn Capital Management Co. Inc. owned approximately 0.79% of Lovesac worth $2,467,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc acquired a new stake in Lovesac in the third quarter valued at approximately $2,300,000. Russell Investments Group Ltd. lifted its stake in shares of Lovesac by 20.2% during the third quarter. Russell Investments Group Ltd. now owns 86,473 shares of the company’s stock worth $2,165,000 after buying an additional 14,538 shares during the period. Timpani Capital Management LLC lifted its stake in shares of Lovesac by 18.9% during the fourth quarter. Timpani Capital Management LLC now owns 48,563 shares of the company’s stock worth $1,114,000 after buying an additional 7,729 shares during the period. BlackRock Inc. acquired a new stake in shares of Lovesac during the third quarter worth $4,128,000. Finally, Lord Abbett & CO. LLC lifted its stake in shares of Lovesac by 15.2% during the fourth quarter. Lord Abbett & CO. LLC now owns 469,143 shares of the company’s stock worth $10,762,000 after buying an additional 62,001 shares during the period. Institutional investors own 51.68% of the company’s stock.
Shares of NASDAQ:LOVE traded up $0.16 on Thursday, hitting $28.99. 1,898 shares of the company were exchanged, compared to its average volume of 57,993. Lovesac Co has a 1-year low of $16.46 and a 1-year high of $34.22.
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Lovesac Company Profile
The Lovesac Company designs, manufactures, and sells foam filled furniture, sectional couches, and related accessories. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and accessories comprising drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans.
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