Wilen Investment Management CORP. reduced its stake in shares of Delta Apparel, Inc. (NYSEMKT:DLA) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 692,232 shares of the textile maker’s stock after selling 7,624 shares during the period. Delta Apparel comprises approximately 9.1% of Wilen Investment Management CORP.’s portfolio, making the stock its 2nd largest position. Wilen Investment Management CORP. owned 9.24% of Delta Apparel worth $15,056,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Bragg Financial Advisors Inc boosted its stake in shares of Delta Apparel by 0.8% in the first quarter. Bragg Financial Advisors Inc now owns 68,444 shares of the textile maker’s stock worth $1,207,000 after buying an additional 570 shares in the last quarter. Bank of New York Mellon Corp raised its position in Delta Apparel by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 31,671 shares of the textile maker’s stock worth $558,000 after buying an additional 1,970 shares during the last quarter. Bank of America Corp DE raised its position in Delta Apparel by 20.2% in the first quarter. Bank of America Corp DE now owns 22,407 shares of the textile maker’s stock worth $395,000 after buying an additional 3,765 shares during the last quarter. State Street Corp raised its position in Delta Apparel by 5.8% in the fourth quarter. State Street Corp now owns 90,962 shares of the textile maker’s stock worth $1,887,000 after buying an additional 4,974 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in Delta Apparel by 26.4% in the first quarter. California Public Employees Retirement System now owns 29,700 shares of the textile maker’s stock worth $524,000 after buying an additional 6,200 shares during the last quarter.

Delta Apparel, Inc. (NYSEMKT:DLA) traded up 8.05% during midday trading on Friday, reaching $21.20. The company had a trading volume of 93,383 shares. Delta Apparel, Inc. has a one year low of $14.85 and a one year high of $23.47. The company has a 50-day moving average price of $19.90 and a 200-day moving average price of $19.12. The stock has a market capitalization of $158.75 million, a price-to-earnings ratio of 15.72 and a beta of 0.07.

Delta Apparel (NYSEMKT:DLA) last released its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by $0.11. The business had revenue of $104.28 million for the quarter, compared to the consensus estimate of $100.44 million. Delta Apparel had a net margin of 4.28% and a return on equity of 11.49%. On average, equities analysts expect that Delta Apparel, Inc. will post $1.25 earnings per share for the current year.

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Several analysts have recently issued reports on the company. Zacks Investment Research lowered Delta Apparel from a “hold” rating to a “strong sell” rating in a report on Friday, August 4th. 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, ValuEngine upgraded Delta Apparel from a “hold” rating to a “buy” rating in a research report on Friday.

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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Institutional Ownership by Quarter for Delta Apparel (NYSEMKT:DLA)

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