Acadian Asset Management LLC trimmed its holdings in shares of Delta Apparel, Inc. (NYSEAMERICAN:DLA) by 18.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,591 shares of the textile maker’s stock after selling 3,591 shares during the quarter. Acadian Asset Management LLC owned 0.22% of Delta Apparel worth $277,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of DLA. JPMorgan Chase & Co. boosted its position in Delta Apparel by 179.8% during the 1st quarter. JPMorgan Chase & Co. now owns 10,329 shares of the textile maker’s stock worth $187,000 after acquiring an additional 6,638 shares during the last quarter. Algert Global LLC acquired a new position in Delta Apparel during the 2nd quarter worth approximately $209,000. Spark Investment Management LLC acquired a new stake in shares of Delta Apparel in the 2nd quarter valued at approximately $226,000. LMR Partners LLP acquired a new stake in shares of Delta Apparel in the 2nd quarter valued at approximately $411,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Delta Apparel by 154.7% in the 2nd quarter. Renaissance Technologies LLC now owns 46,100 shares of the textile maker’s stock valued at $892,000 after buying an additional 28,000 shares during the last quarter.

DLA stock opened at $19.20 on Thursday. 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 quarterly earnings data on Thursday, November 15th. The textile maker reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.21. The firm had revenue of $92.92 million for the quarter, compared to the consensus estimate of $96.11 million.

Delta Apparel declared that its Board of Directors has approved a share buyback program on Tuesday, September 18th that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the textile maker to buy up to 7.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Separately, Zacks Investment Research downgraded Delta Apparel from a “hold” rating to a “sell” rating in a report on Thursday, August 9th.

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Delta Apparel Profile

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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