Bermuda Investor Raises Stake in Verit Industries

Arthur Dalfen, a Bermuda investor who recently purchased a 5.4% stake in Verit Industries, said last week that he raised his stake to 6.8% of the Sun Valley-based company.

Verit manufactures stereo loudspeakers and is a wholesaler of consumer electronic products and “close-out” merchandise.

In a filing with the Securities and Exchange Commission, Dalfen said he bought an additional 10,700 Verit shares between May 31 and June 2 at prices ranging between $5.375 and $5.50 a share.

Dalfen, who now owns 52,000 of Verit’s 759,794 total shares outstanding, has said he is purchasing the stock for investment reasons only and plans to limit his Verit stake to less than 10%.