Delta Apparel, Inc. (NYSEAMERICAN:DLA) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totalling 134,600 shares, a growth of 9.3% from the May 30th total of 123,200 shares. Approximately 2.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 34,900 shares, the days-to-cover ratio is presently 3.9 days.
In related news, Chairman Robert W. Humphreys sold 1,942 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $22.82, for a total transaction of $44,316.44. Following the sale, the chairman now owns 523,169 shares of the company’s stock, valued at $11,938,716.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Robert W. Humphreys sold 2,461 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $21.60, for a total value of $53,157.60. Following the sale, the chairman now directly owns 512,149 shares in the company, valued at approximately $11,062,418.40. The disclosure for this sale can be found here. Insiders have sold 15,925 shares of company stock worth $357,963 in the last three months.
Several hedge funds have recently modified their holdings of DLA. Marshall Wace North America L.P. acquired a new stake in shares of Delta Apparel in the 1st quarter valued at $65,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of Delta Apparel by 84.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,728 shares of the textile maker’s stock valued at $238,000 after purchasing an additional 4,903 shares in the last quarter. Hodges Capital Management Inc. acquired a new stake in shares of Delta Apparel in the 1st quarter valued at $267,000. Bank of America Corp DE boosted its holdings in shares of Delta Apparel by 6.1% in the 4th quarter. Bank of America Corp DE now owns 16,537 shares of the textile maker’s stock valued at $285,000 after purchasing an additional 951 shares in the last quarter. Finally, Tibra Equities Europe Ltd acquired a new stake in shares of Delta Apparel in the 1st quarter valued at $302,000.
Separately, Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th.
Shares of DLA stock opened at $20.86 on Tuesday. Delta Apparel has a fifty-two week low of $16.11 and a fifty-two week high of $24.99.
Delta Apparel (NYSEAMERICAN:DLA) last issued its earnings results on Monday, May 6th. The textile maker reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.10). The business had revenue of $102.84 million during the quarter, compared to analysts’ expectations of $106.16 million.
Delta Apparel Company Profile
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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