Leslie CG Campbell, Director of Pet Med Express Inc. (NASDAQ:), recently increased its stake in the company, according to a recent filing with the Securities and Exchange Commission. Campbell purchased a total of 60,000 shares of common stock in a series of transactions on December 4 and 5, 2024. The timing appears strategic, as InvestPro data shows the stock has gained more than 24% over the past week and 32% over the past six months. The purchases were made at prices ranging from $5.359 to $5.46 per share, equating to a total investment of $324,635.
Transactions included both direct purchases and acquisitions through the Leslie CG Campbell 2020 Irrevocable Trust. Following these transactions, Campbell's direct ownership increased to 85,000 shares. Additionally, the trust holds 30,000 shares, a position for which Campbell disclaims beneficial ownership.
These moves are part of Campbell's continued investment in PetMed Express, a company known for its drug retail and exclusive store operations. The transactions were executed on the open market through a broker. To get more in-depth insights into the valuation of PETS and 12 additional ProTips, investors can access the full research report available at InvestPro.
Additionally, PetMed Express has actively taken steps to protect shareholder interests and drive growth. The company's board of directors implemented a time-limited shareholder rights plan to deter takeover moves, aimed at preserving the long-term value of investments. This plan takes effect immediately and expires on December 2, 2025.
PetMed Express also recently released its second quarter 2025 results, revealing a 16% decline in sales to $60 million but an increase in net income to $2.3 million. Despite the decline in sales, the company managed to increase its gross profit margin to 29.1%. However, the third quarter is expected to witness a decline in margins due to increased promotional activities.
The pet health retailer gained approximately 77,000 new customers during the quarter, driven by operational improvements improving the customer service experience. As part of its strategic direction, PetMed Express plans to launch a new content site and increase its marketing efforts during the upcoming holiday season. These recent developments highlight the company's commitment to adapting to the current market landscape and solidifying its position as a leader in pet healthcare.
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