JERSEY CITY, N.J.—Olesen Capital Management LLC has reported a series of sales of Solitron Devices Inc. (OTC:SODI) stock, totaling $390,515, according to recent filings. The transactions, spanning from November 25 to December 23, involved the sale of shares at prices ranging from $16.00 to $16.96 per share. According to InvestingPro data, the stock is currently trading at a P/E ratio of 5.72, suggesting an attractive valuation relative to peers.
The sales were executed by various entities associated with Olesen Capital, including Olesen Value Fund L.P., Olesen Value Fund GP LLC, and Christian Olesen, who is the managing member of Olesen Capital Management LLC. The transactions reflect a continued divestment of shares in Solitron Devices, a semiconductor and related devices company based in West Palm Beach, Florida. The company maintains strong financial health with a "GREAT" rating from InvestingPro, demonstrating impressive revenue growth of 134% over the last twelve months.
Despite the sales, the reporting entities continue to hold a significant number of shares in Solitron Devices. The filings also clarify that each reporting entity disclaims beneficial ownership of the shares except to the extent of their pecuniary interest.
These transactions come as part of routine portfolio management by Olesen Capital, which remains a ten percent owner of Solitron Devices. Investors and market watchers will be keen to see how these sales impact the stock's performance in the coming weeks.
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