In a recent transaction, Jeff Gehl, director of Super League Enterprise, Inc. (OTC:SLE), acquired 50,000 shares of the company's common stock. The purchase, which took place on July 18, 2024, was made at a weighted average price of $1.1103 per share, and the purchase price amounted to $55,515.
The reported amount represents an approximate estimate, as the shares were purchased in multiple transactions at prices ranging from $1.0799 to $1.14 per share. Gehl's latest purchase increased his direct ownership in the company to 106,547 shares.
In addition to his direct ownership, Gehl is indirectly associated with BigBoy Investment Partnership, LLC and BigBoy, LLC, where he serves as Managing Member. These businesses own 3,845 and 1,226 shares of Super League Enterprise, Inc., respectively.
This latest insider acquisition may be of interest to investors who track the transaction as an indication of confidence in the company's future prospects. Super League Enterprise, Inc., a business specializing in the development of integrated computer systems, operates under the ticker symbol SLE in the OTC markets.
Details of the transaction were disclosed in a regulatory filing with the Securities and Exchange Commission. Jeff Gehl is committed to providing full information about the number of shares purchased at each price within the reported range if requested by the Issuer, any security holder of the Issuer, or SEC staff.
In other recent news, Super League, a leading creator of digital content and media solutions, has reported significant growth, with profits expected in the last quarter of 2024. The company closed six of seven deals this year, and has 7. named programs with recurring operating income. Notable partnerships include major retail brands such as Visa (NYSE:), Toyota (NYSE:), Dave & Busters, Claire's, and Skechers.
Super League also reported a 26% increase in revenue in the first quarter, to $4.2 million. The company's strategic efforts include rebranding, expanding its offerings, and partnering with notable brands. Despite these positive developments, the Super League acknowledges potential challenges including windfalls from larger deal sizes and the upfront costs of creating brand awareness.
Super League games (NASDAQ:) aims to increase gross margins through production and has a target of $100 million in revenue. The company reported a cash balance of $3.3 million and aims to be profitable in Q4. These are the latest developments that highlight the company's strategies and partnerships, positioning it to cope with the shift to more focused social media.
InvestingPro Insights
As investors evaluate the effects of Jeff Gehl's recent stock purchase in Super League Enterprise, Inc. (OTC:SLE), looking at the company's financial health and market performance may provide additional insights. With a modest market capitalization of $8.16 million, Super League Enterprise stands out as a company with more cash than debt on its balance sheet, which could be a good sign for investors looking for financially stable opportunities. This is especially important for a company where insiders like Gehl are increasing their assets, which may reflect confidence in the company's financial management and future.
Despite the challenging market, Super League Enterprise reported a strong revenue growth of 35.02% in the last twelve months from Q1 2024. Such a strong increase may be a beacon for investors hunting for companies with strong sales pipelines. In addition, the company trades at a low multiple of earnings, according to the latest InvestingPro data, which could suggest an attractive entry point for value-oriented investors.
However, it is worth noting that analysts do not expect the company to make a profit this year, as seen in the negative P/E ratio of -0.11. In addition, the stock has experienced significant volatility, with a return of 40.0% in the last month, however a return of -83.86% in the previous year, indicating a potentially high risk investment profile.
For those looking for a comprehensive analysis, InvestingPro offers additional tips on Super League Enterprise, Inc. To dive deeper into the company's financial research and market outlook, you can visit InvestingPro. There are currently 13 other InvestingPro tips available, which can be accessed by subscribing. To improve your investment research, use the coupon code PRONEWS24 for up to 10% off annual Pro and annual or bi-annual Pro+ subscriptions.
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