Books-A-Million noted in a filing with the SEC on Friday that it has agreed to buy back 655,596 of common stock held by investor Harsha Gowda at a price of $2.15 a share. The company is paying a 3 cent discount off of the trading price from Tuesday though shares opened today at below $2.00. The bookseller’s stock has been very lightly traded recently, with daily volume of under 10,000 shares trading hands. Gowda, who runs BlueShore Global Equity Fund out of Florida (and, originally, New Jersey), first bought a stake in BAMM in December 2011, when he acquired more than […]
