Audiovox Slightly Positive As Seth Klarman Cuts Stake

Audiovox Corporation (NASDAQ: VOXX) shares are slightly higher today, gaining 6 cents despite reports that noted and famed value investor Seth Klarman's Baupost Group has cut its stake in the company.

At last check, shares of Audiovox were up 6 cents to $7.28, a gain of 0.8% on 50,000 shares.

Audiovoxx was mentioned at the Harbor Investment Conference by Todd Sullivan back in February. Sullivan at the time, said net current asset value (NCAV) is $10.95 per share, and that he believes book value for the company is as high as $16.26 per share.