Wilhelmina Worldwide sees $13,432 inventory buy by Metal Companions

In a latest transaction, Metal Companions, Ltd., led by Warren G. Lichtenstein, acquired 4,310 shares of Wilhelmina Worldwide, Inc. (NASDAQ:WHLM) for a complete of $13,432. The timing is notable as InvestingPro knowledge exhibits the inventory has declined almost 19% up to now week and 37% over six months, with shares at the moment buying and selling at 0.67 instances ebook worth. The shares had been purchased at a weighted common value of $3.1165, with particular person transaction costs starting from $3.1100 to $3.1500 per share. This acquisition will increase Metal Companions’ complete holdings in Wilhelmina Worldwide to 612,278 shares, representing a major place within the firm, which at the moment has a market capitalization of $17.2 million. The transaction highlights the continued curiosity of Metal Companions within the firm, with Lichtenstein serving because the CEO and Chairman of the Board of Administrators of Metal Companions. Regardless of the acquisition, Lichtenstein disclaims helpful possession of the shares past his pecuniary curiosity. InvestingPro evaluation signifies the corporate maintains sturdy monetary well being with a present ratio of 1.8 and extra cash than debt on its stability sheet. Observe insider transactions and entry 8 further key insights with InvestingPro.

In different latest information, Wilhelmina Worldwide, a Dallas-based firm, has introduced its voluntary resolution to delist from the Nasdaq Capital Market. The corporate disclosed this transfer in a latest SEC submitting. The Board of Administrators has resolved to terminate the itemizing of the corporate’s frequent inventory on Nasdaq, with the anticipated closing buying and selling day being roughly on the finish of this month.

Submit-delisting, buying and selling of Wilhelmina’s frequent inventory could proceed via privately negotiated transactions and presumably on an over-the-counter (OTC) market, assuming market makers are prepared to record the shares. Nevertheless, no assurance was supplied that buying and selling will proceed on an OTC market or that any dealer will elect to make a market within the shares.

The corporate has not publicly disclosed the explanations for the delisting, nor has it supplied info on any future plans concerning its inventory or enterprise operations following the delisting from Nasdaq. These are the latest developments concerning Wilhelmina Worldwide.

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