Two Harvey Electronics investors who pushed for selling or mergin...
Two Harvey Electronics investors who pushed for selling or merging the chain, or taking it private, have reduced their stake in the metropolitan N.Y.C. operation, according to documents filed at the SEC. Matthew Larson, an exec. investments dir. at…
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Oppenheimer, and his wife, Alicia, sold 64,000 shares March 4-12 for $93,662, reducing their investment to 301,600 shares (9%), the filing said. The Larsons owned 365,800 shares (11%) last fall after buying 37,000 in 11 transactions between July and Sept. Matthew Larson has called the chain “well managed,” but said he believed Harvey’s $2.85 million market cap didn’t mesh with its annual sales of $42-$43 million.