Dimensional Fund Advisors LP reduced its stake in shares of Delta Apparel, Inc. (NYSEMKT:DLA) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 643,610 shares of the textile maker’s stock after selling 1,641 shares during the period. Dimensional Fund Advisors LP owned 8.60% of Delta Apparel worth $14,275,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of Delta Apparel by 6.6% in the 1st quarter. Bank of New York Mellon Corp now owns 31,671 shares of the textile maker’s stock worth $558,000 after acquiring an additional 1,970 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Delta Apparel by 26.4% in the 1st quarter. California Public Employees Retirement System now owns 29,700 shares of the textile maker’s stock worth $524,000 after acquiring an additional 6,200 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Delta Apparel in the 1st quarter worth about $291,000. Bank of America Corp DE raised its position in shares of Delta Apparel by 20.2% in the 1st quarter. Bank of America Corp DE now owns 22,407 shares of the textile maker’s stock worth $395,000 after acquiring an additional 3,765 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Delta Apparel by 19.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 269,321 shares of the textile maker’s stock worth $5,973,000 after acquiring an additional 44,205 shares in the last quarter.
Several research firms have recently weighed in on DLA. ValuEngine raised Delta Apparel from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Roth Capital set a $24.00 price objective on Delta Apparel and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research lowered Delta Apparel from a “hold” rating to a “strong sell” rating in a research report on Friday, August 4th.
Delta Apparel, Inc. (NYSEMKT DLA) opened at $20.64 on Monday. Delta Apparel, Inc. has a 12 month low of $15.55 and a 12 month high of $23.47.
Delta Apparel declared that its Board of Directors has authorized a share repurchase program on Monday, September 18th that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the textile maker to reacquire up to 6.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
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About Delta Apparel
Delta Apparel, Inc is an apparel design, marketing, manufacturing and sourcing company. The Company operates through two segments: branded and basics. The branded segment consists of its business units, which are focused on specialized apparel garments and headwear. Its products are marketed under its lifestyle brands of Salt Life, Soffe and COAST, as well as other labels.
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