Public market insider buying at Roots (ROOT)

Public market insider buying at Roots (T:ROOT)

Searchlight Capital Partners, a 10% Holder, acquired 149,213 Common Shares on a control or direction basis for registered holder SC II TMK, L.P., 150,787 Common Shares on a control or direction basis for registered holder Searchlight Capital II PV, L.P. at prices ranging from $3.180 to $3.307 between December 11th and 17th, 2018. This represents a $973,950 investment into the company's shares and an account share holdings change of 1.5%.

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 $973,950.