Delta Apparel, Inc. (DLA) Chairman Sells $23,530.00 in Stock

Delta Apparel, Inc. (NYSEAMERICAN:DLA) Chairman Robert W. Humphreys sold 1,000 shares of Delta Apparel stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $23.53, for a total transaction of $23,530.00. Following the sale, the chairman now directly owns 539,910 shares of the company’s stock, valued at approximately $12,704,082.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of NYSEAMERICAN DLA traded down $0.18 during midday trading on Thursday, reaching $23.32. 615 shares of the stock were exchanged, compared to its average volume of 22,450. Delta Apparel, Inc. has a 12 month low of $16.11 and a 12 month high of $24.99.

Delta Apparel (NYSEAMERICAN:DLA) last announced its quarterly earnings results on Monday, February 4th. The textile maker reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $101.68 million for the quarter, compared to the consensus estimate of $100.98 million.

DLA has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Delta Apparel from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Roth Capital cut shares of Delta Apparel from a “buy” rating to a “neutral” rating and set a $26.00 price target on the stock. in a research report on Wednesday, February 6th.

A number of institutional investors and hedge funds have recently bought and sold shares of DLA. LSV Asset Management bought a new stake in Delta Apparel in the 3rd quarter valued at $722,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Delta Apparel in the 3rd quarter valued at $261,000. Algert Global LLC lifted its position in Delta Apparel by 34.4% in the 3rd quarter. Algert Global LLC now owns 14,494 shares of the textile maker’s stock valued at $258,000 after acquiring an additional 3,706 shares in the last quarter. Putnam Investments LLC bought a new stake in Delta Apparel in the 3rd quarter valued at $1,600,000. Finally, Vanguard Group Inc lifted its position in Delta Apparel by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 234,210 shares of the textile maker’s stock valued at $4,167,000 after acquiring an additional 1,200 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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