Rajesh Gupta, acting for Omni Retail Enterprises, LLC, has reported a significant sale of shares in Wilhelmina International, Inc. (NASDAQ:WHLM). On November 20, Gupta sold 342,650 shares at a price of $3.60 per share, totaling approximately $1.23 million. Following this transaction, Omni Retail Enterprises holds 266,165 shares directly. Gupta, through Omni Holdings Management, LLC, manages Omni Retail Enterprises and has declared that he disclaims beneficial ownership beyond his pecuniary interest.
InvestingPro Insights
The recent sale of Wilhelmina International, Inc. (NASDAQ:WHLM) shares by Rajesh Gupta comes at an interesting time for the company. According to InvestingPro data, WHLM's stock has experienced significant volatility in recent months. While the company has seen a strong return of 17.48% over the last week and 12.99% over the last month, it has also suffered a substantial decline of 35.97% over the past three months.
This mixed performance is reflected in some of the company's financial metrics. WHLM is currently trading at a P/E ratio of 34.64, which InvestingPro Tips indicate is a high earnings multiple. This suggests that investors are pricing in expectations for future growth, despite the company's revenue growth showing a slight decline of 2.54% in the last twelve months.
Interestingly, one InvestingPro Tip highlights that WHLM holds more cash than debt on its balance sheet, which could provide financial flexibility in uncertain times. Additionally, the company's liquid assets exceed short-term obligations, indicating a strong short-term financial position.
For investors seeking a more comprehensive analysis, InvestingPro offers 10 additional tips for WHLM, providing a deeper understanding of the company's financial health and market position.
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