Perritt Capital Management Inc. lessened its stake in Delta Apparel, Inc. (NYSEAMERICAN:DLA) by 7.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,403 shares of the textile maker’s stock after selling 8,925 shares during the period. Delta Apparel accounts for 1.1% of Perritt Capital Management Inc.’s portfolio, making the stock its 21st largest holding. Perritt Capital Management Inc. owned about 1.71% of Delta Apparel worth $2,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake in Delta Apparel by 6.1% in the fourth quarter. Bank of America Corp DE now owns 16,537 shares of the textile maker’s stock valued at $285,000 after acquiring an additional 951 shares during the last quarter. LSV Asset Management grew its stake in shares of Delta Apparel by 17.9% during the first quarter. LSV Asset Management now owns 75,601 shares of the textile maker’s stock worth $1,679,000 after purchasing an additional 11,482 shares during the period. Acadian Asset Management LLC grew its stake in shares of Delta Apparel by 62.3% during the first quarter. Acadian Asset Management LLC now owns 23,053 shares of the textile maker’s stock worth $512,000 after purchasing an additional 8,850 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in Delta Apparel by 84.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 10,728 shares of the textile maker’s stock valued at $238,000 after purchasing an additional 4,903 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in Delta Apparel in the first quarter valued at about $65,000.
DLA stock traded up $0.28 during trading hours on Wednesday, reaching $23.29. 551 shares of the stock were exchanged, compared to its average volume of 26,764. Delta Apparel, Inc. has a 12 month low of $16.11 and a 12 month high of $24.99.
Delta Apparel (NYSEAMERICAN:DLA) last posted its quarterly earnings data on Wednesday, July 31st. The textile maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. The firm had revenue of $119.26 million for the quarter, compared to analyst estimates of $120.14 million.
DLA has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Delta Apparel from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a report on Monday, August 5th. Roth Capital upgraded shares of Delta Apparel from a “neutral” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Thursday, August 1st.
Delta Apparel Company 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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