Emerald Acquisition Ltd. Buys Shares of 166,988 Delta Apparel Inc. (DLA)
Emerald Acquisition Ltd. bought a new stake in shares of Delta Apparel Inc. (NYSEMKT:DLA) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 166,988 shares of the company’s stock, valued at approximately $3,765,000. Emerald Acquisition Ltd. owned about 2.17% of Delta Apparel as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the stock. Acrospire Investment Management LLC purchased a new stake in shares of Delta Apparel during the first quarter valued at $111,000. BlackRock Institutional Trust Company N.A. raised its stake in shares of Delta Apparel by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 179,832 shares of the company’s stock valued at $3,442,000 after buying an additional 1,022 shares during the period. Renaissance Technologies LLC raised its stake in shares of Delta Apparel by 28.9% in the first quarter. Renaissance Technologies LLC now owns 51,300 shares of the company’s stock valued at $982,000 after buying an additional 11,500 shares during the period. Algert Global LLC purchased a new stake in shares of Delta Apparel during the first quarter valued at $216,000. Finally, Acadian Asset Management LLC raised its stake in shares of Delta Apparel by 8.4% in the first quarter. Acadian Asset Management LLC now owns 37,703 shares of the company’s stock valued at $722,000 after buying an additional 2,906 shares during the period.
Shares of Delta Apparel Inc. (NYSEMKT:DLA) traded up 0.30% during mid-day trading on Wednesday, hitting $16.51. The stock had a trading volume of 32,003 shares. The company has a market cap of $127.34 million, a PE ratio of 12.11 and a beta of 0.07. Delta Apparel Inc. has a 12 month low of $11.61 and a 12 month high of $25.52. The stock’s 50-day moving average is $18.84 and its 200 day moving average is $20.35.
Delta Apparel (NYSEMKT:DLA) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.28. The business had revenue of $111.60 million for the quarter, compared to the consensus estimate of $105.92 million. On average, equities research analysts forecast that Delta Apparel Inc. will post $1.40 earnings per share for the current fiscal year.
DLA has been the subject of several analyst reports. Zacks Investment Research downgraded Delta Apparel from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 1st. Roth Capital restated a “buy” rating on shares of Delta Apparel in a research note on Wednesday, June 29th. Finally, TheStreet downgraded Delta Apparel from a “hold” rating to a “sell” rating in a research note on Wednesday, August 17th.
About Delta Apparel
Delta Apparel, Inc is an apparel design, marketing, manufacturing and sourcing company. The Company offers a portfolio of lifestyle basics and branded activewear apparel and headwear. The Company operates through two segments: branded and basics. The Company’s branded segment consists of its business units, which are focused on specialized apparel garments and headwear, including its Salt Life, Junkfood and Soffe business.
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