GSA Capital Partners Trims Position in Zumiez Inc. Significantly

Investment firm GSA Capital Partners LLP has significantly decreased its ownership in Zumiez Inc. (NASDAQ: ZUMZ), a specialty retailer of apparel and footwear. In its latest regulatory filing with the Securities and Exchange Commission (SEC), GSA Capital Partners revealed that they sold 105,997 shares during the third quarter of the fiscal year, marking a 72.0% reduction in their investment. This sale left the firm with 41,197 shares in the company, valued at approximately $733,000 by the end of the quarter, representing a 0.21% stake in Zumiez.

Market Movements of Other Hedge Funds

Notably, several other hedge funds have also actively traded Zumiez shares. Quarry LP boosted its Zumiez shareholdings by 279.5% in the previous quarter, while Captrust Financial Advisors increased their investment by 946.8% in the first quarter. Additionally, Meeder Asset Management Inc. raised its ownership by 6,606.7% in the fourth quarter, and Point72 Middle East FZE opened a new position in the same period. Conversely, Tower Research Capital LLC TRC expanded its Zumiez stake by 529.9% in the third quarter. These changes reflect a dynamic interest in Zumiez's stock among institutional investors, which hold a combined 75.17% of the company's stock.

Zumiez Price Performance

The stock performance of Zumiez fluctuated, with ZUMZ opening at $15.49 on Wednesday prior to the announcement. The company's share price has experienced a low of $13.19 and a high of $21.49 over the past 12 months. Zumiez also maintains an average price trend with a fifty-day moving average of $17.76 and a 200-day moving average of $17.85.

Company Profile

Zumiez Inc., alongside its subsidiaries, is a retailer catering to young adults with a product range that includes apparel, footwear, accessories, and hardgoods. The hardgoods collection extends to equipment for skateboarding and snowboarding. Zumiez operates under various names including Blue Tomato and Fast Times, stretching its presence across the United States, Canada, Europe, and Australia.

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