Insider Selling: Delta Apparel, Inc. (DLA) Chairman Sells 2,804 Shares of Stock

Delta Apparel, Inc. (NYSEAMERICAN:DLA) Chairman Robert W. Humphreys sold 2,804 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $22.75, for a total value of $63,791.00. Following the sale, the chairman now owns 535,942 shares in the company, valued at approximately $12,192,680.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

DLA stock traded up $0.33 during midday trading on Friday, reaching $23.03. The company had a trading volume of 7,958 shares, compared to its average volume of 19,961. Delta Apparel, Inc. 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, February 4th. The textile maker reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.06. The company had revenue of $101.68 million during the quarter, compared to analyst estimates of $100.98 million.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of Delta Apparel by 6.1% during the fourth quarter. Bank of America Corp DE now owns 16,537 shares of the textile maker’s stock valued at $285,000 after buying an additional 951 shares during the last quarter. Vanguard Group Inc raised its holdings in Delta Apparel by 0.5% during the third quarter. Vanguard Group Inc now owns 234,210 shares of the textile maker’s stock worth $4,167,000 after purchasing an additional 1,200 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Delta Apparel during the fourth quarter worth approximately $25,000. O Shaughnessy Asset Management LLC raised its holdings in Delta Apparel by 38.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,825 shares of the textile maker’s stock worth $100,000 after purchasing an additional 1,612 shares in the last quarter. Finally, Algert Global LLC raised its holdings in Delta Apparel by 34.4% during the third quarter. Algert Global LLC now owns 14,494 shares of the textile maker’s stock worth $258,000 after purchasing an additional 3,706 shares in the last quarter.

DLA has been the topic of several research reports. Zacks Investment Research lowered Delta Apparel from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Roth Capital lowered Delta Apparel from a “buy” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a research report on Wednesday, February 6th.

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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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Insider Buying and Selling by Quarter for Delta Apparel (NYSEAMERICAN:DLA)

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