Shamrock buys, sells Elizabeth Arden shares for 7.02% stake

By Lisa Kerner

Charlotte, N.C., Nov. 12 - A group of Elizabeth Arden, Inc. investors led by Shamrock Activist Value Fund, LP reported the purchase of 24,085 shares on Nov. 6 for $376,015, or $15.6120 per share.

The investors sold 41,861 shares for a total of $656,428, or an average price per share of $15.6465, on Nov. 6 and Nov. 7, according to a schedule 13D/A filed with the Securities and Exchange Commission.

In a prior SEC filing, Shamrock reported the purchase of 359,999 shares of Elizabeth Arden for a total of $6.03 million between Oct. 27 and Nov. 5. The average price per share was $16.76.

Shamrock beneficially owns approximately 2 million shares, or 7.02%, of the Miramar, Fla.-based beauty products company.

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