SCHEDULE 13G/A: Long Focus Capital Group Discloses Significant Stake in Citi Trends, Inc.

Long Focus Capital Management, LLC and affiliated entities, including John and Glenn Helmers, have disclosed beneficial ownership of 6.4% of Citi Trends, Inc.'s common stock as of December 31, 2024.

Summary

• Long Focus Capital Management, LLC, a Delaware-based investment adviser, reported beneficial ownership of 556,455 shares of Citi Trends, Inc. common stock, representing 6.4% of the class.
• Long Focus Capital Master, LTD., a Cayman Islands limited company, beneficially owns 388,829 shares, equating to 4.5% of the common stock.
• Condagua, LLC, a Delaware single-member limited liability company, holds beneficial ownership of 167,626 shares, representing 1.9% of the common stock.
• John Helmers, a U.S. citizen, is reported to beneficially own 556,455 shares (6.4%), controlling Long Focus Capital Management, LLC and having investment and voting power over Condagua, LLC.
• Glenn Helmers, a U.S. citizen, beneficially owns 167,626 shares (1.9%), controlling Condagua, LLC.
• The filing, an Amendment No. 1 to Schedule 13G, indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Citi Trends, Inc.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of significant beneficial ownership by an investment group in a publicly traded company, Citi Trends, Inc., a retail apparel and home goods chain. Such disclosures provide transparency regarding institutional holdings and are common across various industries.

Related Party Transactions

• John Helmers controls Long Focus Capital Management, LLC and has investment and voting power with respect to Condagua, LLC.
• Glenn Helmers controls Condagua, LLC.

Stakeholder Impact

• Shareholders of Citi Trends, Inc. are informed of the significant ownership stake held by Long Focus Capital Management and its affiliates, providing transparency on the company's ownership structure.

Key Dates

Keywords

Citi Trends, Long Focus Capital Management, Beneficial Ownership, SEC Filing, Schedule 13G, Common Stock, Institutional Investor, Investment Adviser