UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Sport-Haley, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
96946510-3
(CUSIP Number)
Daniel H. Abramowitz
Hillson Partners Limited Partnership
6900 Wisconsin Avenue, Suite 501
Bethesda, MD 20815
(301) 656-9669
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communication)
September 19, 2005
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Schedule 13D, and is filing this schedule
because of Rule 13d-1(b)(3) or (4), check the following
box / /.
The remainder of this cover page shall be filled out for
a reporting person's initial filing on this form with
respect to the subject class of securities, and for any
subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act
(however, see the Notes).
1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE
PERSON: Hillson Partners Limited Partnership
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ___
3. SEC USE ONLY
4. SOURCE OF FUNDS: WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM
2(d) or 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION: Maryland
7. SOLE VOTING POWER: 218,293
8. SHARED VOTING POWER: 0
9. SOLE DISPOSITIVE POWER: 218,293
10. SHARED DISPOSITIVE POWER: 0
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 218,293
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES: / /
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
8.58%
14. TYPE OF REPORTING PERSON: PN
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Sport-Haley, Inc.
(Name of Company)
Item 1. Security and Issuer.
The title of the class of security to which this
statement relates is the Common Stock of Sport-Haley,
Inc. ("SPOR"), who's principal executive offices are
located at 4600 E. 48th Avenue, Denver, Colorado 80216.
Item 2. Identity and Background
(a), (b) and (c) This statement is filed by Hillson
Partners Limited Partnership ("Hillson"), 6900 Wisconsin
Avenue, Suite 501, Bethesda, Maryland 20815. Hillson was
formed as a limited partnership in October of 1991 under
the laws of the State of Maryland for the purpose, among
other things, of investing its assets in stocks, bonds
and other financial instruments. The general partner of
Hillson is Hillson Financial Management, Inc., a Maryland
corporation, the President and controlling stockholder of
which is Daniel H. Abramowitz
(d) During the past five years, neither Hillson nor Mr.
Abramowitz has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors).
(e) During the past five years, neither Hillson nor Mr.
Abramowitz has been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction
and as a result of which was subject to a judgment,
decree of final order enjoining future violations of, or
prohibiting or mandating activities subject to federal or
state securities laws or finding any violation with
respect to such laws.
(f) Hillson is a Maryland limited partnership.
Item 3. Source and Amount of Funds or Other Consideration
The aggregate purchase price, including brokerage
commissions, for the 218,293 shares aquired by Hillson as
of the close of business on September 20, 2005 is
$652,637. Such funds were provided by Hillson's working
capital.
Item 4. Purpose of the Transaction
Hillson has purchased the Shares for capital
appreciation. Hillson has no current plans or proposals
regarding any extraordinary transaction involving SPOR,
including any merger, reorganization or liquidation, sale
or transfer of assets, change in the board of directors
or management, change in the present capitalization or
dividend policy, change in business or corporate
structure, change in the charter or by-laws or any action
similar to any of the foregoing. Hillson may buy or sell
Shares in the future depending on price, availability and
general market conditions. Except as disclosed herein,
Hillson has no current intention with respect to any
action referred to in the text of Item 4 of Schedule 13D,
however, Hillson reserves the right to act with respect
to any of them as it deems in its own best interests at
any time.
Item 5. Interest in Securities of the Issuer
As of the close of business on September 20, 2005,
Hillson owned beneficially 228,293 Shares representing
8.97% of the adjusted shares of the Company's Common
Stock outstanding as of May 16, 2005.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer
None.
Item 7. Material to be Filed as Exhibits
None.
After reasonable inquiry and to the best of his knowledge
and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: September 23, 2005
/s/ Hillson Partners Limited Partnership
By: Hillson Financial Management, Inc.
By: Daniel H. Abramowitz, President
Schedule A
Transactions by Hillson Partners Limited Partnership in
the Shares of Sport-Haley, Inc. in the sixty days
preceding the date of this Statement.
Date Number of Shares Sold Price Per share
9/16/05 58,000 $5.636
9/19/05 23,106 $5.313
9/20/05 6,000 $5.090
9/21/05 4,000 $5.271