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Wet Seal shareholder Prentice Capital drops ownership to 4.07%
By Lisa Kerner
Charlotte, N.C., June 4 - Prentice Capital Management, LP sold 2,605,270 shares of Wet Seal, Inc. on June 1 through June 3 at prices ranging from $2.99 to $3.24, according to a schedule 13D/A filed on Thursday with the Securities and Exchange Commission.
The investor and its affiliates beneficially own 4,118,453 shares, or 4.07%, of the Foothill Ranch, Calif., specialty retailer's outstanding stock.
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