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Third Avenue buys more shares of Handleman
By Lisa Kerner
Charlotte, N.C., Nov. 16 - Handleman Co. investors led by Third Avenue Management LLC bought an additional 117,049 shares of the company's stock between Aug. 2 and Nov. 14, priced between $1.93 and $4.63 each.
Following the purchases, the reporting persons beneficially own 3,761,891 shares, or 18.4%, of the company's outstanding stock, according to a schedule 13D filing with the Securities and Exchange Commission.
On July 23, Third Avenue reported owning 3,493,336 shares, or 17.2%, of the Troy, Mich.-based company.
Handleman is a category manager and distributor of prerecorded music to retailers.
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