The talent and modeling agency Wilhelmina International Inc (NASDAQ: WHLM) has come into sharp focus among investors this morning.
The stock continued to trade higher this morning and managed to clock gains of 47%. Moreover, the stock made a multi-year high of $14.21. Following the latest gains, the stock has clocked gains of 135% over the past week. The company has been in the doldrums for some time due to its debt obligations.
In addition to that, it is important to note that free cash flow is not in a healthy state either and Wilhelmina has also suffered considerably due to the coronavirus pandemic. However, it seems that the stock has been on this strong move due to fresh interest from a venture capital firm in the company. Earlier in the week, the stock surged after it emerged that a venture capital firm picked up 1 million shares in the company. The shares were picked up by Retail Ecommerce Ventures LLC and now the firm has a stake of 18.4% in the company.
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Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.