An outside investor has acquired just over 1 million shares of Books-A-Million. The investment by Harsha Gowda, identified in his December 23 filing with the SEC as being with the Roseland, N.J.-based investment Blueshore Capital Management, gives him a 6.38% stake in the nation’s second largest bookstore chain.
The largest shareholders in BAM continue to be the Anderson family and company officers that controlled 53% of BAM shares, according to the retailer’s most recent proxy statement.
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