Acadian Asset Management LLC Raises Position in Delta Apparel, Inc. (NYSEAMERICAN:DLA)
Acadian Asset Management LLC increased its position in shares of Delta Apparel, Inc. (NYSEAMERICAN:DLA) by 62.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,053 shares of the textile maker’s stock after purchasing an additional 8,850 shares during the quarter. Acadian Asset Management LLC’s holdings in Delta Apparel were worth $512,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of DLA. Oppenheimer Asset Management Inc. acquired a new position in Delta Apparel during the fourth quarter worth $25,000. O Shaughnessy Asset Management LLC raised its holdings in Delta Apparel by 38.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,825 shares of the textile maker’s stock worth $100,000 after purchasing an additional 1,612 shares during the last quarter. Hodges Capital Management Inc. acquired a new position in Delta Apparel during the first quarter worth $267,000. Bank of America Corp DE raised its holdings in Delta Apparel by 6.1% during the fourth quarter. Bank of America Corp DE now owns 16,537 shares of the textile maker’s stock worth $285,000 after purchasing an additional 951 shares during the last quarter. Finally, Tibra Equities Europe Ltd acquired a new position in Delta Apparel during the first quarter worth $302,000.
Separately, Zacks Investment Research cut Delta Apparel from a “hold” rating to a “strong sell” rating in a report on Thursday, May 9th.
NYSEAMERICAN DLA opened at $23.01 on Wednesday. Delta Apparel, Inc. has a fifty-two week low of $16.11 and a fifty-two week high of $24.99.
Delta Apparel (NYSEAMERICAN:DLA) last released its quarterly earnings results on Monday, May 6th. The textile maker reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.10). The firm had revenue of $102.84 million during the quarter, compared to the consensus estimate of $106.16 million.
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Delta Apparel Profile
Delta Apparel, Inc, through its subsidiaries, designs, manufactures, sources, and markets a portfolio of lifestyle active wear apparel and related accessory products in the United States and internationally. The company operates through two segments, Delta Group and Salt Life Group. It markets, distributes, manufactures, and sells unembellished knit apparel under the Soffe, Delta Platinum, Delta Pro Weight, and Delta Magnum Weight brands to various large licensed screen printers and small independent businesses.
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