In a recent transaction, Steel Partners, Ltd., led by Warren G. Lichtenstein, acquired 4,310 shares of Wilhelmina International, Inc. (NASDAQ:WHLM) for a total of $13,432. The timing is notable as InvestingPro data shows the stock has declined nearly 19% in the past week and 37% over six months, with shares currently trading at 0.67 times book value. The shares were bought at a weighted average price of $3.1165, with individual transaction prices ranging from $3.1100 to $3.1500 per share. This acquisition increases Steel Partners' total holdings in Wilhelmina International to 612,278 shares, representing a significant position in the company, which currently has a market capitalization of $17.2 million. The transaction highlights the continued interest of Steel Partners in the company, with Lichtenstein serving as the CEO and Chairman of the Board of Directors of Steel Partners. Despite the purchase, Lichtenstein disclaims beneficial ownership of the shares beyond his pecuniary interest. InvestingPro analysis indicates the company maintains strong financial health with a current ratio of 1.8 and more cash than debt on its balance sheet. Track insider transactions and access 8 additional key insights with InvestingPro.
In other recent news, Wilhelmina International, a Dallas-based company, has announced its voluntary decision to delist from the Nasdaq Capital Market. The company disclosed this move in a recent SEC filing. The Board of Directors has resolved to terminate the listing of the company's common stock on Nasdaq, with the anticipated final trading day being approximately at the end of this month.
Post-delisting, trading of Wilhelmina's common stock may continue through privately negotiated transactions and possibly on an over-the-counter (OTC) market, assuming market makers are willing to list the shares. However, no assurance was provided that trading will continue on an OTC market or that any broker will elect to make a market in the shares.
The company has not publicly disclosed the reasons for the delisting, nor has it provided information on any future plans regarding its stock or business operations following the delisting from Nasdaq. These are the recent developments regarding Wilhelmina International.
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