G-III Apparel Group, LTD. $GIII Shares Bought by SummerHaven Investment Management LLC

Key Takeaways:

• SummerHaven increased its G-III Apparel holdings by 1.9%.
• The firm purchased an additional 562 shares during the quarter.
• SummerHaven now owns a total of 30,415 shares of G-III Apparel.
• G-III Apparel trades on NASDAQ under the symbol GIII.
• These details come from the company’s most recent Form 13F filing with the SEC.

SummerHaven’s New Investment Move

SummerHaven Investment Management LLC, according to its latest Form 13F filing with the Securities and Exchange Commission (SEC), has modestly increased its stake in G-III Apparel Group, LTD. (NASDAQ: GIII – Free Report). Purchases made during the second quarter expanded the firm’s holdings by 1.9%.

Details from the SEC Filing

The official filing reveals a purchase of 562 additional shares, bringing SummerHaven’s total number of G-III Apparel shares to 30,415. This data illustrates the firm’s ongoing strategic decision to allocate more resources to the textile maker’s stock, reflecting cautious optimism in G-III Apparel’s prospects.

Assessing the Market Signal

While the purchase is relatively small in overall scale, the step indicates SummerHaven’s continuing interest in G-III Apparel Group. The company, traded on NASDAQ under the ticker GIII, remains a point of focus for investors seeking opportunities in the textile industry. By incrementally growing its stake, SummerHaven underscores its belief in the brand’s performance and long-term potential as documented in their SEC filing.