Dimensional Fund Advisors LP cut its stake in shares of Delta Apparel, Inc. (NYSEAMERICAN:DLA) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 602,941 shares of the textile maker’s stock after selling 21,815 shares during the quarter. Dimensional Fund Advisors LP owned 0.09% of Delta Apparel worth $11,667,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in DLA. Barclays PLC grew its holdings in Delta Apparel by 2,936.7% during the 1st quarter. Barclays PLC now owns 32,979 shares of the textile maker’s stock worth $594,000 after acquiring an additional 31,893 shares during the last quarter. LMR Partners LLP bought a new stake in Delta Apparel during the 2nd quarter worth approximately $411,000. Acadian Asset Management LLC bought a new stake in Delta Apparel during the 2nd quarter worth approximately $371,000. Spark Investment Management LLC bought a new stake in Delta Apparel during the 2nd quarter worth approximately $226,000. Finally, Algert Global LLC bought a new stake in Delta Apparel during the 2nd quarter worth approximately $209,000.

DLA opened at $18.37 on Friday. Delta Apparel, Inc. has a fifty-two week low of $16.30 and a fifty-two week high of $22.10.

Delta Apparel (NYSEAMERICAN:DLA) last posted its earnings results on Monday, August 6th. The textile maker reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03. Delta Apparel had a net margin of 0.72% and a return on equity of 1.74%. The firm had revenue of $112.18 million for the quarter, compared to analyst estimates of $109.75 million.

Delta Apparel announced that its board has authorized a share buyback program on Tuesday, September 18th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the textile maker to purchase up to 7.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Separately, Zacks Investment Research lowered shares of Delta Apparel from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 10th.

About Delta Apparel

Delta Apparel, Inc, through its subsidiaries, designs, manufactures, sources, and markets a portfolio of lifestyle basics and branded active wear apparel, headwear, and related accessory products in the United States and internationally. The company operates through two segments, Branded and Basics. It provides various casual and athletic products for men, women, juniors, youth, and children through various distribution channels and distribution tiers, including department stores, sporting goods and outdoor retailers, specialty stores, boutiques, mid and mass channels, e-retailers, and the U.S.

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Institutional Ownership by Quarter for Delta Apparel (NYSEAMERICAN:DLA)

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