Delta Apparel, Inc. (NYSEAMERICAN:DLA) Short Interest Down 28.1% in May

Delta Apparel, Inc. (NYSEAMERICAN:DLAGet Rating) saw a significant decrease in short interest in May. As of May 31st, there was short interest totalling 18,700 shares, a decrease of 28.1% from the May 15th total of 26,000 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 18,600 shares, the short-interest ratio is currently 1.0 days.

In other news, Director A Alexander Taylor II bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The stock was purchased at an average cost of $28.41 per share, with a total value of $28,410.00. Following the transaction, the director now directly owns 21,881 shares in the company, valued at $621,639.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 9.70% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Western Standard LLC boosted its position in Delta Apparel by 7.1% during the fourth quarter. Western Standard LLC now owns 253,872 shares of the textile maker’s stock worth $7,550,000 after purchasing an additional 16,926 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its stake in Delta Apparel by 4.8% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 8,513 shares of the textile maker’s stock valued at $253,000 after acquiring an additional 390 shares during the last quarter. Royal Bank of Canada increased its holdings in Delta Apparel by 2.5% during the 3rd quarter. Royal Bank of Canada now owns 111,067 shares of the textile maker’s stock valued at $3,033,000 after acquiring an additional 2,700 shares in the last quarter. G2 Investment Partners Management LLC raised its position in Delta Apparel by 205.4% during the first quarter. G2 Investment Partners Management LLC now owns 61,070 shares of the textile maker’s stock worth $1,819,000 after acquiring an additional 41,070 shares during the last quarter. Finally, Invenire Partners LP raised its position in Delta Apparel by 15.2% during the first quarter. Invenire Partners LP now owns 91,079 shares of the textile maker’s stock worth $2,713,000 after acquiring an additional 12,000 shares during the last quarter. 56.96% of the stock is owned by institutional investors.

Shares of NYSEAMERICAN DLA traded up $0.84 during mid-day trading on Friday, hitting $28.08. 2 shares of the company were exchanged, compared to its average volume of 18,765. Delta Apparel has a 1-year low of $24.10 and a 1-year high of $35.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.30 and a quick ratio of 0.77. The company has a market cap of $195.13 million, a PE ratio of 9.56 and a beta of 1.61.

Delta Apparel (NYSEAMERICAN:DLAGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The textile maker reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.65. The firm had revenue of $131.70 million during the quarter, compared to the consensus estimate of $130.00 million. Delta Apparel had a net margin of 4.65% and a return on equity of 13.35%. Analysts anticipate that Delta Apparel will post 3.17 earnings per share for the current fiscal year.

About Delta Apparel (Get Rating)

Delta Apparel, Inc, through its subsidiaries, designs, manufactures, sources, and markets activewear and lifestyle apparel products in the United States and internationally. The company operates through two segments, Delta Group and Salt Life Group. It offers on-demand digitally printed apparel products under the DTG2Go brand; silhouettes and fleece products; performance shirts that keep athletes dry under the Delta Dri line brand; ringspun garments; Delta Soft apparel products; and heritage, mid- and heavier-weight tee shirts under the Delta Pro Weight and Magnum Weight brand names, as well as polos, outerwear, headwear, bags, and other accessories.

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