CEO buying at Roots (ROOT)

CEO buying at Roots (T:ROOT)

James Alan Gabel, CEO and Director, acquired 50,000 Common Shares on a direct ownership basis at a price of $3.290 on December 10th, 2018. This represents a $164,495 investment into the company's shares and an account share holdings change of 93.4%.

Roots is in the Apparel & Accessories Retailers Sub Industry Group under the Consumer Cyclicals Sector.

Roots Corp is a Canada-based retailer within apparel industry. It offers leather goods, athletic wear and accessories. Its products comprise leather bags, handbags, purses, briefcases, footwear, as well as men's and women's clothing, including sweaters, hoodies, sweats, watches, athletic t-shirts, yoga wear, accessories, among others. Also, it offers clothes for children. In addition, the Company creates home design products, such as leather furniture for residential or commercial setting. The Company operates over 100 stores in Canada and in the United States, has partner-operated locations in Taiwan and China, as well as runs online retail business. The Company is majority owned by Searchlight Capital Partners, a private investment firm, which operates across North America and Europe. Roots Corporation (ROOT) has below median officer and director direct ownership compared to its small-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has invested a total amount of $164,495.