Stanley Furniture Co. (NASDAQ:STLY) major shareholder Solas Capital Management, Llc acquired 96,030 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average cost of $0.53 per share, with a total value of $50,895.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

NASDAQ STLY remained flat at $$0.53 during trading hours on Thursday. 106,500 shares of the company traded hands, compared to its average volume of 34,016. Stanley Furniture Co. has a one year low of $0.40 and a one year 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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