Controlling Shareholder Nistec Golan Boosts Eltek Stake to 60.2% With $2.4M in Open-Market Buys
ELTK is trading near its 52-week low of $7.3 (13% above the low) on light trading volume (0.4× avg).
Summary
Eltek's controlling shareholder Nistec Golan and Chairman Yitzhak Nissan bought $2.4 million of stock on the open market, raising their combined stake to 62.68%.
Key Events · Ownership and Investor Activity · ELTK
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Controlling Shareholder Accumulates $2.4M in Stock
Nistec Golan and Chairman Yitzhak Nissan made 36 open-market purchases totaling 37,972 shares for approximately $318,000 between July 14 and September 15, 2026, plus two block buys on September 14 totaling 229,790 shares for $2.07 million.
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Combined Ownership Rises to 62.68%
Nistec Golan now beneficially owns 60.23% of Eltek (4,047,659 shares), and Nissan Yitzhak's aggregate beneficial ownership is 62.68% (4,212,882 shares), based on 6,720,827 shares outstanding as of June 30, 2026.
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Purchases Follow Weak Q2 and CEO Transition
The buying comes after Q2 2026 revenue of $11.5 million and a net loss of $2.7 million reported August 18, and the September 9 announcement that CEO Eli Yaffe retires September 23 with CFO Ron Freund succeeding him.
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Block Purchase at $9.00 on September 14
The largest single transaction was 169,357 shares at $9.00 per share ($1,524,213), executed the day before this filing, alongside a second block of 60,433 shares at $8.98 ($542,888).
Analysis · ELTK · Manufacturing
Between mid-July and mid-September 2026, Nistec Golan and Chairman Yitzhak Nissan spent roughly $2.4 million buying Eltek shares on the open market, lifting their combined beneficial ownership to 62.68% of the company. The purchases include a $2.07 million block acquisition on September 14 alone. This is real money out of pocket from the controlling shareholder and Chairman — not option exercises or grants — and it comes just days after the company announced CEO Eli Yaffe's retirement and CFO Ron Freund's promotion, and weeks after a weak Q2 report showing a $2.7 million net loss. The timing suggests the controlling shareholder is signaling confidence in the company's direction despite the recent earnings miss and leadership transition.
How filings like this one have moved
In the 30 days to Sep 17, 2026, 35.7% of the 1179 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.44%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ELTK was trading at $8.25 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $55.4M. The 52-week trading range was $7.30 to $11.59. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.