Lichtenstein Warren G buys $7 in Wilhelmina Worldwide inventory

Warren G. Lichtenstein, a big shareholder of Wilhelmina Worldwide, Inc. (NASDAQ:WHLM), just lately acquired extra shares of the corporate. The modeling company administration agency, at present valued at $21.35 million, has seen its inventory decline almost 30% over the previous six months, although InvestingPro evaluation suggests the inventory is buying and selling near its Truthful Worth. In accordance with a Type 4 submitting with the Securities and Change Fee, Lichtenstein bought 2 shares of Wilhelmina Worldwide’s widespread inventory at a value of $3.80 per share, amounting to a complete transaction worth of $7. This transaction was performed by way of Metal Companions, Ltd., the place Lichtenstein serves because the Chief Government Officer and Chairman of the Board. Following this acquisition, Lichtenstein, by way of Metal Companions, holds 607,968 shares not directly. The submitting notes that Lichtenstein disclaims helpful possession of the shares besides to the extent of his pecuniary curiosity. InvestingPro information reveals the corporate trades at a P/E ratio of 37, with eight extra key metrics and insights out there to subscribers monitoring insider actions and valuations.

In different current information, Wilhelmina Worldwide has introduced its resolution to delist from the Nasdaq Capital Market. The corporate’s board of administrators resolved this on December 20, 2024, and has since submitted a Type 25 to the SEC, successfully notifying the removing of itemizing and registration underneath Part 12(b) of the Change Act. The ultimate buying and selling day on Nasdaq for the corporate is predicted to be roughly December 31, 2024.

Regardless of the delisting, Wilhelmina Worldwide might proceed buying and selling its widespread inventory by way of privately negotiated transactions and presumably on an over-the-counter (OTC) market, supplied market makers are prepared to record the shares. Notably, information from InvestingPro reveals the corporate’s sturdy monetary well being, marked by more money than debt and a wholesome present ratio of 1.8.

These current developments come after a collection of company title adjustments for Wilhelmina Worldwide, reflecting the corporate’s evolving enterprise focus through the years. Nevertheless, the explanations for the delisting and future plans relating to its inventory or enterprise operations post-delisting stay undisclosed by the corporate.

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