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In a recent series of transactions, Hale Capital Partners (WA:CPAP), LP, a significant shareholder of Vislink Technologies, Inc. (NASDAQ:VISL), increased its stake in the company through a series of purchases totaling $49,705. The transactions, disclosed in a Form 4 filing, detail the acquisition of common stock at prices ranging from $2.495 to $2.545 per share. According to InvestingPro data, VISL has a market capitalization of $6.16 million and maintains a strong liquidity position with more cash than debt on its balance sheet.
The purchases were made over three consecutive days, starting on February 18, 2025, with the acquisition of 4,767 shares at $2.500 each. This was followed by the purchase of 14,807 shares on February 19, 2025, at a price of $2.495 per share. The final transaction occurred on February 20, 2025, with the acquisition of 332 shares at $2.545 per share. These purchases come as the stock has experienced a significant decline, with InvestingPro showing a 64% drop over the past six months.
These transactions increased Hale Capital Partners’ total holdings to 324,314 shares of Vislink Technologies. Martin M. Hale, Jr., CEO of Hale Fund Management, LLC, which manages the investments of Hale Capital Partners, is reported to have significant influence over these shares. The stock currently trades at a Price/Book ratio of 0.19, one of several key metrics available through InvestingPro’s comprehensive analysis tools.
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