Rajesh Gupta, a significant stakeholder linked to Omni Retail Enterprises, LLC, has sold shares of Wilhelmina International, Inc. (NASDAQ:WHLM), according to a recent SEC filing. On October 28, Gupta disposed of 55,000 shares at a weighted average price of $3.3653, resulting in a total transaction value of $185,091. Following this sale, Omni Retail Enterprises retains ownership of 825,604 shares.
The shares were sold at prices ranging from $3.2500 to $3.4200, as detailed in the filing. The sale was conducted directly by Omni Retail Enterprises, with Gupta acting as an authorized signatory. Gupta, through Omni Holdings Management, LLC, holds a significant position in Wilhelmina International, although he disclaims beneficial ownership except to the extent of his pecuniary interest.
InvestingPro Insights
The recent sale of Wilhelmina International, Inc. (NASDAQ:WHLM) shares by Rajesh Gupta comes at a time when the company's stock has been experiencing significant volatility. According to InvestingPro data, WHLM's stock has taken a substantial hit over the past few months, with a 3-month price total return of -40.36% and a 6-month return of -25.96%. This downward trend aligns with an InvestingPro Tip indicating that the stock has fared poorly over the last month.
Despite the recent stock performance, WHLM maintains a solid financial foundation. An InvestingPro Tip highlights that the company holds more cash than debt on its balance sheet, suggesting financial stability. This is further supported by the fact that WHLM's liquid assets exceed short-term obligations, potentially providing a buffer against market volatility.
From a valuation perspective, WHLM's Price to Book ratio stands at 0.67 as of the last twelve months ending Q2 2024, indicating that the stock might be undervalued relative to its book value. This could be of interest to value investors, especially considering the recent share price decline.
It's worth noting that InvestingPro offers 9 additional tips for WHLM, providing a more comprehensive analysis for investors interested in delving deeper into the company's prospects. These insights can be particularly valuable given the recent insider selling activity and the stock's current market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.