NEW YORK, Sept. 4, 2013 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Stein Mart Inc. (" Stein Mart" or the "Company") (NasdaqGS: SMRT -News). The investigation focuses on whether Stein Mart and/or certain of its officers complied with the federal securities laws when making statements to investors. On August 22, 2013 shares of Stein Mart fell $0.58 or 4.3 percent to close at $12.80 after the company reported in a regulatory filing that the Securities and Exchange Commission ("SEC") is conducting an investigation. The investigation is related to the Company's restatement of prior years' financial statements and its change in its auditors. If you are aware of any facts relating to this investigation, or purchased shares of Stein Mart, you can assist this investigation by contacting either Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes. Contact: Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Eitan Kimelman 212-697-6484 email@example.com SOURCE Bronstein, Gewirtz & Grossman, LLC
Shareholders of Stein Mart, Inc. looking to boost their income beyond the stock's 1.9% annualized dividend yield can sell the March covered call at the $17.50 strike and collect the premium based on the 45 cents bid, which annualizes to an additional 29.9% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 31.9% annualized rate in the scenario where the stock is not called away.