- Stitch Fix (SFIX +4.2%) stock gains days after the firm disclosed that 10% owner Working Capital Advisors (NASDAQ:UK) bought ~176K Class A shares.
- The shares were bought at a price of ~$18-$18.2 in separate transactions dated Jan. 5 and 6.
- Working Capital Advisors now owns 22.7M shares in SFIX.
- This includes Class A shares held directly by High Street Partners and Working Capital Partners, with each held indirectly by Working Capital Advisors, Working Capital Management and Kenneth Chan.
- Working Capital Advisors serves as investment manager to High Street and Working Capital Partners.
- Last week, SFIX had announced a $150M Class A share buyback program.