In a recent filing with the Securities and Exchange Commission, Wilhelmina International, Inc. (NASDAQ:WHLM) revealed a significant stock acquisition by Steel Partners, Ltd. The transaction, which took place on November 20, 2024, involved the purchase of 18,912 shares of common stock at a weighted average price of $3.5843 per share. This acquisition amounted to a total value of $67,786.
Steel Partners, Ltd., along with Warren G. Lichtenstein, who serves as its CEO and Chairman, are considered to be part of a Section 13(d) group that collectively owns over 10% of Wilhelmina International's outstanding shares. The shares acquired are directly owned by Steel Partners, with Lichtenstein potentially having beneficial ownership due to his role within the company. However, he disclaims any beneficial ownership except to the extent of his pecuniary interest.
Following this transaction, Steel Partners' total holdings in Wilhelmina International increased to 607,966 shares.
InvestingPro Insights
The recent stock acquisition by Steel Partners, Ltd. in Wilhelmina International, Inc. (NASDAQ:WHLM) comes at an interesting time for the company. According to InvestingPro data, WHLM's market capitalization stands at $20.22 million, with the stock trading at a P/E ratio of 34.64. This relatively high earnings multiple aligns with one of the InvestingPro Tips, which notes that WHLM is "Trading at a high earnings multiple."
Despite the recent purchase by Steel Partners, WHLM's stock has experienced significant volatility. InvestingPro data shows a strong 18.65% return over the last week and a 14.12% return over the last month. However, these short-term gains are set against a backdrop of longer-term declines, with the stock down 35.33% over the past three months and 24.66% over the past six months.
Interestingly, another InvestingPro Tip highlights that WHLM "Holds more cash than debt on its balance sheet," suggesting a solid financial position. This could be a factor in Steel Partners' decision to increase its stake in the company.
For investors seeking a more comprehensive analysis, InvestingPro offers 11 additional tips for WHLM, providing deeper insights into the company's financial health and market position.
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