Delta Apparel, Inc. (NYSEAMERICAN:DLA) CEO Robert W. Humphreys sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $23.44, for a total value of $23,440.00. Following the transaction, the chief executive officer now directly owns 538,910 shares of the company’s stock, valued at $12,632,050.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of DLA traded up $0.89 during trading hours on Friday, hitting $24.39. 37,159 shares of the stock were exchanged, compared to its average volume of 22,176. Delta Apparel, Inc. has a 12-month low of $16.11 and a 12-month high of $24.99.
Delta Apparel (NYSEAMERICAN:DLA) last issued its quarterly earnings results on Monday, February 4th. The textile maker reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.06. The firm had revenue of $101.68 million for the quarter, compared to analysts’ expectations of $100.98 million.
Several analysts recently commented on the company. Zacks Investment Research cut Delta Apparel from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Roth Capital cut Delta Apparel from a “buy” rating to a “neutral” rating and set a $26.00 price target for the company. in a research report on Wednesday, February 6th.
Several institutional investors and hedge funds have recently modified their holdings of DLA. Putnam Investments LLC purchased a new stake in shares of Delta Apparel during the third quarter worth approximately $1,600,000. LSV Asset Management purchased a new stake in shares of Delta Apparel during the third quarter worth approximately $722,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Delta Apparel during the third quarter worth approximately $261,000. Algert Global LLC increased its position in shares of Delta Apparel by 34.4% during the third quarter. Algert Global LLC now owns 14,494 shares of the textile maker’s stock worth $258,000 after purchasing an additional 3,706 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Delta Apparel by 38.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,825 shares of the textile maker’s stock worth $100,000 after purchasing an additional 1,612 shares in the last quarter.
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About Delta Apparel
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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