Delta Apparel, Inc. (NYSEAMERICAN:DLA) Short Interest Down 35.7% in April

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Delta Apparel, Inc. (NYSEAMERICAN:DLA – Get Rating) saw a sharp decline in short-term interest in April. As of April 30, there was short interest totaling 25,800 shares, down 35.7% from the April 15 total of 40,100 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 17,500 shares, the day-to-cover ratio is currently 1.5 days.

Shares of NYSEAMERICAN DLA opened at $28.61 on Friday. The company has a market capitalization of $198.81 million, a P/E ratio of 10.04 and a beta of 1.61. Delta Apparel has a 12 month minimum of $24.10 and a 12 month maximum of $35.26. The company has a debt ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.30.

Delta Apparel (NYSEAMERICAN:DLA – Get Rating) last reported quarterly results on Tuesday, May 3. The textile maker reported earnings per share (EPS) of $1.44 for the quarter, beating the consensus estimate of $0.76 by $0.68. Delta Apparel had a return on equity of 13.35% and a net margin of 4.65%. On average, research analysts expect Delta Apparel to post earnings per share of 3.17 for the current year.

Separately, Director A Alexander Taylor II purchased 1,000 shares of the company in a trade dated Wednesday, May 11. The stock was purchased at an average price of $28.41 per share, for a total transaction of $28,410.00. Following the transaction, the administrator now owns 21,881 shares of the company, valued at $621,639.21. The purchase was disclosed in a legal filing with the SEC, accessible via this link. 9.70% of the shares are currently held by insiders of the company.

A number of institutional investors have recently changed their positions in the company. Thompson Siegel & Walmsley LLC increased its stake in Delta Apparel by 4.8% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 8,513 shares of the textile maker valued at $253,000 after acquiring 390 additional shares last quarter. Barclays PLC increased its stake in Delta Apparel by 6.5% in the third quarter. Barclays PLC now owns 12,456 shares in the textile maker valued at $340,000 after acquiring a further 755 shares last quarter. Hodges Capital Management Inc. increased its stake in Delta Apparel by 6.0% during the 1st quarter. Hodges Capital Management Inc. now owns 23,310 shares of the textile maker valued at $694,000 after acquiring 1,310 additional shares last quarter. CM Bidwell & Associates Ltd. acquired a new stake in Delta Apparel during the 3rd quarter at a value of $39,000. Finally, Bank of America Corp DE increased its stake in Delta Apparel by 2.8% during the 4th quarter. Bank of America Corp DE now owns 57,486 shares of the textile maker valued at $1,710,000 after acquiring an additional 1,550 shares last quarter. 56.96% of the shares are currently held by hedge funds and other institutional investors.

Separately, Zacks Investment Research upgraded Delta Apparel from a “hold” rating to a “buy” rating and set a price target of $35.00 on the stock in a Thursday, April 14 report.

Delta Apparel Company Profile (Get an evaluation)

Delta Apparel, Inc., through its subsidiaries, designs, manufactures, sources and markets activewear and lifestyle apparel in the United States and around the world. The Company operates through two segments, Delta Group and Salt Life Group. It offers digitally printed on-demand clothing products under the DTG2Go brand; silhouettes and polar products; performance shirts that keep athletes dry under the Delta Dri line brand; ring-spun clothing; Delta Soft clothing products; and traditional, mid-weight and heavyweight t-shirts under the Delta Pro Weight and Magnum Weight brands, as well as polo shirts, outerwear, headwear, bags and other accessories.

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