Olesen Value Fund LP Sells More Than $74K in Solitron Devices Shares Author: Investing.com

In a series of transactions, Olesen Value Fund LP and related entities sold shares of Solitron Devices Inc. (NYSEAMERICAN:SODI), a company specializing in semiconductors and related devices. These transactions, which occurred between July 15 and July 18, 2024, resulted in the sale of shares with a total value of $74,464.

The sale was made at prices ranging from $18.54 to $18.74 per share. It is important to note that the transactions were conducted by Olesen Value Fund LP, together with Olesen Value Fund GP LLC, Olesen Capital Management LLC and Christian Olesen, a managing member of the aforementioned entities.

According to the documents, the shares sold were held directly and indirectly by the reporting entities and persons. For example, shares owned by Olesen Value Fund LP are considered to be beneficially owned by Olesen Value Fund GP LLC, its general partner, and Olesen Capital Management LLC, its investment manager. Christian Olesen, as a managing member of Olesen Value Fund GP LLC and Olesen Capital Management LLC, may also be considered to be a beneficial owner of these shares.

Reported ownership data following these transactions indicates that the reporting parties maintain an ownership interest in Solitron Devices Inc., with a significant number of shares still held.

Investors and market observers often look at buying and selling activity by institutional investors and company insiders to gauge market sentiment and potential future performance of a stock. The recent sale of Olesen Value Fund LP and its affiliates represents a change in their investment position, which may be of interest to those following Solitron Devices Inc. and its market activity.

Details of these transactions were disclosed in accordance with federal securities laws, which require insiders and significant shareholders to report their trading activities. These filings provide transparency and allow the public to be informed about the trading activities of key stakeholders in public companies.

InvestingPro Insights

In light of the recent stock sell-off by Olesen Value Fund LP and its affiliates, investors considering Solitron Devices Inc. (NYSEAMERICAN:SODI) will find the following data and InvestingPro advice insightful. Solitron Devices is currently trading at a low earnings multiple, with a P/E ratio of 6.73, suggesting that the stock may be undervalued relative to its earnings. Additionally, the company has shown solid revenue growth of 99.14% over the past twelve months since Q4 2024, which could signal strong business performance and potential for future growth.

Another key indicator is the company’s profitability; Solitron Devices has made a profit over the last twelve months and has maintained a high return over the last year, achieving a 67.01% total price return over the course of one year. This performance is a key indicator for investors looking for growth opportunities. Furthermore, Solitron’s liquid assets exceed its short-term liabilities, ensuring financial stability and the ability to effectively manage short-term liabilities.

For investors looking to dive deeper into Solitron Devices, additional InvestingPro insights are available, including information on the company’s moderate debt levels and its trading activity at high multiples of EBIT and EBITDA valuations. To explore this information in more detail, visit InvestingPro for a comprehensive analysis. Be sure to use coupon code PRONEWS24 to get up to 10% off an annual Pro subscription and an annual or two-year Pro+ subscription and discover 9 additional InvestingPro tips that can help you make informed investing decisions.

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