ClariVest Asset Management LLC Boosts Position in Delta Apparel, Inc. (DLA)
ClariVest Asset Management LLC increased its position in Delta Apparel, Inc. (NYSEMKT:DLA) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 20,916 shares of the company’s stock after buying an additional 21 shares during the period. ClariVest Asset Management LLC’s holdings in Delta Apparel were worth $471,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in Delta Apparel by 28.9% in the first quarter. Renaissance Technologies LLC now owns 51,300 shares of the company’s stock worth $982,000 after buying an additional 11,500 shares during the last quarter. American Century Companies Inc. acquired a new stake in Delta Apparel during the second quarter worth approximately $271,000. Strs Ohio acquired a new stake in Delta Apparel during the second quarter worth approximately $615,000. Finally, Acadian Asset Management LLC increased its stake in Delta Apparel by 168.2% in the second quarter. Acadian Asset Management LLC now owns 101,119 shares of the company’s stock worth $2,279,000 after buying an additional 63,416 shares during the last quarter.
Delta Apparel, Inc. (NYSEMKT:DLA) traded down 0.32% on Friday, reaching $15.55. 22,885 shares of the company’s stock traded hands. Delta Apparel, Inc. has a 52-week low of $11.61 and a 52-week high of $25.52. The stock’s 50 day moving average is $16.43 and its 200 day moving average is $20.04. The firm has a market cap of $119.94 million, a price-to-earnings ratio of 11.41 and a beta of 0.07.
Delta Apparel (NYSEMKT:DLA) last released its quarterly earnings data on Monday, August 8th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.28. The firm had revenue of $111.60 million for the quarter, compared to the consensus estimate of $105.92 million. On average, equities research analysts predict that Delta Apparel, Inc. will post $1.40 EPS for the current fiscal year.
Several research firms have recently weighed in on DLA. Roth Capital reissued a “buy” rating on shares of Delta Apparel in a research report on Wednesday, June 29th. Zacks Investment Research downgraded shares of Delta Apparel from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Finally, TheStreet downgraded shares of Delta Apparel from a “hold” rating to a “sell” rating in a research report on Wednesday, August 17th.
Delta Apparel Company Profile
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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