Petmed Express: Silvercape Investments Buys 101,000 Shares at $3.17/Share.

PetMed Express Inc. (PETS) has recently announced that Silvercape Investments Ltd, one of the company's 10% owners, has acquired 101,000 shares at a price of $3.17 per share on August 13, 2025.

PetMed Express Inc. (PETS), a leading provider of veterinary services, has recently seen a significant change in its ownership structure. On August 13, 2025, Silvercape Investments Ltd, one of the company's 10% owners, acquired 101,000 shares at a price of $3.17 per share [2].

This transaction, filed with the U.S. Securities and Exchange Commission (SEC) through Form 4, indicates a strategic move by Silvercape Investments Ltd to increase its stake in PETS. The acquisition was made directly, as indicated by the form, which specifies that the transaction was not pursuant to a pre-arranged plan [2].

The acquisition comes amidst a series of executive and board changes at PetMed Express Inc. The company has recently announced the resignation of its CEO and CFO, effective August 11, 2025 [1]. Additionally, the company has been facing delays in the release of its fiscal Q4 and full-year 2025 results [1].

The stock price of PetMed Express Inc. has seen fluctuations in recent months, with the current price at $3.130 per share [3]. The stock is listed on the NASDAQ stock exchange under the ticker symbol PETS.

The acquisition by Silvercape Investments Ltd could potentially influence the company's future direction and strategic decisions. However, it is important to note that the market's reaction to this news may vary, and further analysis of the company's financial health and future prospects is necessary to gauge the true impact of this acquisition.

References:

[1] https://www.marketscreener.com/news/petmed-express-ceo-and-cfo-resign-ce7c51dade8ff527
[2] https://www.stocktitan.net/sec-filings/PETS/form-4-pet-med-express-inc-insider-trading-activity-d658c246dd8f.html
[3] https://www.investing.com/equities/petmed-express