Northern Trust Corp decreased its position in shares of Delta Apparel, Inc. (NYSEAMERICAN:DLA) by 56.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 43,453 shares of the textile maker’s stock after selling 55,691 shares during the period. Northern Trust Corp owned 0.61% of Delta Apparel worth $841,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in DLA. Millennium Management LLC purchased a new position in shares of Delta Apparel in the 2nd quarter valued at $1,990,000. Paloma Partners Management Co bought a new stake in Delta Apparel in the 2nd quarter valued at about $623,000. Algert Global LLC bought a new stake in Delta Apparel in the 2nd quarter valued at about $209,000. Spark Investment Management LLC bought a new stake in Delta Apparel in the 2nd quarter valued at about $226,000. Finally, Acadian Asset Management LLC bought a new stake in Delta Apparel in the 2nd quarter valued at about $371,000.
Separately, Zacks Investment Research upgraded shares of Delta Apparel from a “strong sell” rating to a “hold” rating in a research report on Monday, October 8th.
DLA stock opened at $19.92 on Thursday. Delta Apparel, Inc. has a 52 week low of $16.30 and a 52 week high of $22.10.
Delta Apparel (NYSEAMERICAN:DLA) last released its quarterly earnings results on Thursday, November 15th. The textile maker reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.21. The company had revenue of $92.92 million for the quarter, compared to the consensus estimate of $96.11 million.
Delta Apparel announced that its board has approved a share repurchase program on Tuesday, September 18th that authorizes the company to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the textile maker to repurchase up to 7.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.
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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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