Brave Asset Management Inc. Buys 12,000 Shares of Duluth Holdings Inc (NASDAQ:DLTH)

Brave Asset Management Inc. lifted its stake in shares of Duluth Holdings Inc (NASDAQ:DLTH) by 70.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 29,000 shares of the company’s stock after acquiring an additional 12,000 shares during the period. Brave Asset Management Inc.’s holdings in Duluth were worth $156,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mill Road Capital Management LLC increased its holdings in Duluth by 52.2% during the 4th quarter. Mill Road Capital Management LLC now owns 959,735 shares of the company’s stock valued at $5,931,000 after purchasing an additional 329,330 shares during the period. BlackRock Inc. grew its position in Duluth by 17.1% in the second quarter. BlackRock Inc. now owns 1,078,571 shares of the company’s stock worth $6,773,000 after acquiring an additional 157,363 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Duluth by 65.8% during the first quarter. Dimensional Fund Advisors LP now owns 243,900 shares of the company’s stock valued at $2,984,000 after purchasing an additional 96,789 shares during the period. Marshall Wace LLP purchased a new position in shares of Duluth in the 2nd quarter worth approximately $393,000. Finally, Prudential Financial Inc. increased its position in shares of Duluth by 36.5% during the 1st quarter. Prudential Financial Inc. now owns 223,805 shares of the company’s stock valued at $2,737,000 after purchasing an additional 59,900 shares during the last quarter. Institutional investors own 24.39% of the company’s stock.

Duluth Stock Down 0.6 %

Duluth stock traded down $0.03 during midday trading on Thursday, reaching $4.90. The company’s stock had a trading volume of 37,334 shares, compared to its average volume of 65,907. Duluth Holdings Inc has a 52-week low of $4.20 and a 52-week high of $7.88. The stock has a market capitalization of $152.15 million, a P/E ratio of -16.90 and a beta of 1.24. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.77 and a quick ratio of 0.21. The stock’s 50-day simple moving average is $4.80 and its 200-day simple moving average is $5.15.

Duluth (NASDAQ:DLTH) last posted its earnings results on Thursday, March 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06). The business had revenue of $245.61 million for the quarter, compared to analysts’ expectations of $241.80 million. Duluth had a negative return on equity of 4.24% and a negative net margin of 1.45%. During the same quarter in the previous year, the firm earned $0.23 EPS. On average, sell-side analysts expect that Duluth Holdings Inc will post -0.07 EPS for the current year.

About Duluth

Duluth Holdings Inc sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, tanks, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No-Yank, No Polo Shirt, Wild Boar Mocs, and Buck Naked.