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Warren G. Lichtenstein, CEO and Chairman of Metal Companions, Ltd., has elevated his stake in Wilhelmina Worldwide, Inc. (NASDAQ:WHLM) by way of a sequence of transactions totaling $117,361. The purchases occurred on December 27 and December 30, with share costs ranging between $3.0499 and $3.125. These acquisitions have been made not directly by way of Metal Companions, Ltd., the place Lichtenstein holds a big management function. The timing is notable as InvestingPro knowledge reveals the inventory has fallen over 35% previously six months, whereas buying and selling at simply 0.62 instances ebook worth.
The transactions concerned shopping for 20,611 shares at a median value of $3.0499 and an extra 17,440 shares at a median value of $3.125. Following these transactions, Lichtenstein, by way of Metal Companions, holds 650,329 shares of Wilhelmina Worldwide. These strikes mirror a continued curiosity within the Dallas-based administration consulting providers firm, as Lichtenstein and Metal Companions collectively personal greater than 10% of Wilhelmina’s excellent shares. In line with InvestingPro, the corporate maintains sturdy monetary well being with extra cash than debt and ample liquidity to cowl short-term obligations. Get entry to five extra unique InvestingPro Suggestions for deeper insights into WHLM’s monetary place.
In different current information, Wilhelmina Worldwide, Inc. has taken a voluntary choice to delist from the Nasdaq Capital Market, as per a current SEC submitting. The corporate’s Board of Administrators resolved to terminate the itemizing of its frequent inventory on Nasdaq, with an anticipated remaining buying and selling day on Nasdaq across the finish of December 2024. Put up-delisting, the corporate’s frequent inventory could proceed to commerce by way of privately negotiated transactions and probably on an over-the-counter (OTC) market, provided that market makers are keen to listing the shares.
This important transfer by Wilhelmina Worldwide follows a sequence of company identify modifications, reflecting the corporate’s evolving enterprise focus. The corporate, nevertheless, has not disclosed the explanations for the delisting or any future plans relating to its inventory or enterprise operations publish the delisting. These are current developments, and extra info is predicted to be launched sooner or later.
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