At this pace, it'll be a while before recently retired Kirkland's leader Robert Alderson unloads all of his shares in the home goods retailer. A trading plan set up by the 68-year-old, who is still a director of Brentwood-based Kirkland's, last Thursday sold 15,000 shares — about 2 percent of his total holdings — for more than $350,000. Shares of Kirkland's (Ticker: KIRK) are down slightly this morning to $22.45 and have slipped about 5 percent so far this year.
Newly installed Kirkland's CEO Mike Madden last week exercised more than 10,000 options that would have expired early next month — and didn't sell the resulting shares, even though it would have generated a profit of about $140,000. Kirkland's shares (Ticker: KIRK) are down almost 2 percent to $25 and change Wednesday morning but have climbed almost 40 percent over the past three months. Analysts see them rising to $28 in the coming year.
Two Texas investment firms have declared sizable stakes in local companies. First up, Vaughan Nelson Investment Management of Houston added to its stake in AmSurg late in 2014, finishing the year with more than 2.2 million shares, or 5.9 percent. Vaughan Nelson manages more than $6.6 billion. AmSurg shares (Ticker: AMSG) finished last week at $55.56 and have climbed 11 percent over the past three months.
Further up Interstate 45 in Dallas, Nokomis Capital filed papers to say it now owns almost 1.2 million shares, or 6.8 percent, of home goods retailer Kirkland's. The hedge fund, which was launched in 2008, manages almost $400 million. Kirkland's has been on a good sales and profits run of late, with its shares (Ticker: KIRK) having climbed 35 percent over the past three months.