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Boston private equity firm TA Associates has sold nearly $5 million worth of stock in Lumber Liquidators LLC during September, capitalizing on the big gain in the companys stock this year.
Shares of Toano, Virginia-based Lumber Liquidators (NYSE: LL) are up 61 percent this year as cash-consious customers hunt for discounts at the hardwood flooring specialist.
TA Associates, which holds more than 10 percent of Lumber Liquidators stock, has sold 340,715 shares of the company for $4.84 million, according to U.S. regulatory filings. The shares were sold at $13.96 and $14.46 in a series of transactions disclosed with the Securities and Exchange Commission.
The stock was down 18 cents at $14.16 in Thursday afternoon trading.
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