Form 4: Fund 1 Investments, LLC Increases Stake in Citi Trends Inc (CTRN)

Fund 1 Investments, LLC, along with related entities, has increased its holdings in Citi Trends Inc (CTRN) through a series of open market purchases.

Summary

• Fund 1 Investments, LLC, Pleasant Lake Onshore Feeder Fund, LP, and Pleasant Lake Partners LLC have reported changes in their beneficial ownership of Citi Trends Inc (CTRN) common stock.
• The transactions involved the purchase of CTRN shares on May 3, 2024, May 6, 2024, and May 7, 2024.
• On May 3, 2024, 5,000 shares were purchased at a price of $22.0704 per share.
• On May 6, 2024, 6,330 shares were purchased at a price of $22.7621 per share.
• On May 7, 2024, 9,500 shares were purchased at a price of $23.1756 per share.
• Following these transactions, the total number of shares beneficially owned by the reporting entities is 2,001,897.
• The shares are held for the benefit of private investment vehicles, including Pleasant Lake Onshore Feeder Fund, LP, for which Pleasant Lake Partners LLC serves as investment advisor.
• Fund 1 Investments, LLC serves as the managing member of PLP, and Jonathan Lennon serves as the managing member of Fund 1 Investments, LLC.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The increased investment suggests confidence, but it's a routine filing.

Positives

• Increased investment by Fund 1 Investments, LLC could signal confidence in Citi Trends Inc's future prospects.

Industry Context

This filing reflects ongoing investment activity in the retail sector, specifically in companies like Citi Trends. Monitoring such filings provides insights into investor sentiment and potential strategic moves within the industry.

Stakeholder Impact

• The increased stake could positively influence shareholder confidence.

Key Dates