Stanley Furniture Co. (STLY) Major Shareholder Solas Capital Management, Llc Buys 96,030 Shares

Stanley Furniture Co. (NASDAQ:STLY) major shareholder Solas Capital Management, Llc acquired 96,030 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were purchased at an average price of $0.53 per share, for a total transaction of $50,895.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

STLY opened at $0.53 on Wednesday. Stanley Furniture Co. has a 52-week low of $0.40 and a 52-week high of $0.73.

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About Stanley Furniture

Stanley Furniture Company, Inc is a design, marketing and sourcing resource in the wood residential furniture market. The Company’s segment is sale of residential wood furniture products. The Company markets its brands through a network of brick-and-mortar furniture retailers, online retailers and interior designers around the world.

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