Fund Move to Note: Greenwood Investments INC Has Trimmed Delta Apparel INC (DLA) Stake by $4.88 Million

Fund Move to Note: Greenwood Investments INC Has Trimmed Delta Apparel INC (DLA) Stake by $4.88 Million

Greenwood Investments Inc decreased its stake in Delta Apparel Inc (DLA) by 41.32% based on its latest 2016Q3 regulatory filing with the SEC. Greenwood Investments Inc sold 304,858 shares as the company’s stock declined 26.65% while stock markets rallied. The hedge fund held 432,851 shares of the consumer non-durables company at the end of 2016Q3, valued at $7.13 million, down from 737,709 at the end of the previous reported quarter. Greenwood Investments Inc who had been investing in Delta Apparel Inc for a number of months, seems to be less bullish one the $165.00 million market cap company. The stock last traded at $21.01 per share. It is down 4.54% since June 7, 2016 and is downtrending. It has underperformed by 11.97% the S&P500.

Greenwood Investments Inc is a Massachusetts-based hedge fund with more than $275.83 million AUM in March, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Greenwood Investments latest Adv, the fund reported to have 2 full and part-time employees. Among which 2 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Insitutional Activity: The institutional sentiment decreased to 1.15 in Q3 2016. Its down 3.03, from 4.18 in 2016Q2. The ratio dived, as 9 funds sold all DLA shares owned while 18 reduced positions. 6 funds bought stakes while 25 increased positions. They now own 5.34 million shares or 54.40% less from 11.72 million shares in 2016Q2. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 5,173 shares in the company. Federated Inc Pa holds 0% of its portfolio in Delta Apparel, Inc. (NYSEMKT:DLA) for 8,542 shares. The Minnesota-based Walleye Trading Ltd Liability Corp has invested 0% in Delta Apparel, Inc. (NYSEMKT:DLA). Gsa Cap Partners Llp holds 0.04% of its portfolio in Delta Apparel, Inc. (NYSEMKT:DLA) for 43,250 shares. Tiaa Cref Ltd Co owns 23,184 shares or 0% of their US portfolio. Tci Wealth Advsrs Incorporated owns 37 shares or 0% of their US portfolio. Sg Americas Limited Liability Company owns 6,734 shares or 0% of their US portfolio. Blackrock Invest Ltd Liability last reported 0% of its portfolio in the stock. Goldman Sachs Grp Incorporated, a New York-based fund reported 27,372 shares. Acadian Asset Management holds 0.01% or 108,033 shares in its portfolio. Bridgeway Cap Mngmt holds 147,588 shares or 0.04% of its portfolio. Bank Of New York Mellon Corporation holds 18,957 shares or 0% of its portfolio. California Employees Retirement owns 23,500 shares or 0% of their US portfolio. Weber Alan W accumulated 0% or 41,030 shares. Citigroup accumulated 0% or 8,318 shares.

More important recent Delta Apparel, Inc. (NYSEMKT:DLA) news were published by: Marketwatch.com which released: “Delta Apparel to transition textile manufacturing from Maiden, NC to Honduran …” on October 20, 2010, also Seekingalpha.com published article titled: “After Doubling, Delta Apparel Still Has Upside”, Seekingalpha.com published: “Delta Apparel Has A Bright Future Ahead (DLA)” on June 21, 2015. More interesting news about Delta Apparel, Inc. (NYSEMKT:DLA) was released by: Quotes.Wsj.com and their article: “News Delta Apparel Co.DLA” with publication date: February 11, 2011.

According to Zacks Investment Research, “DELTA APPAREL is a vertical manufacturer of knitwear products for the entire family. Our company purchases cotton direct from the field and through a stringently controlled process produces finished apparel for the domestic and international market place. The products we manufacture are sold under our brands of Delta Pro-Weight, Delta Magnum Weight, Healthknit and Quail Hollow Sportswear. In addition, Delta Apparel, Inc. also produces finished products for America’s leading retailers, corporate industry programs and sports licensed apparel marketers.”

Delta Apparel, Inc. (NYSEMKT:DLA) Ratings Coverage

Out of 2 analysts covering Delta Apparel Inc (NYSEMKT:DLA), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Delta Apparel Inc has been the topic of 2 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Tuesday, August 4 by TH Capital. The rating was upgraded by Roth Capital on Tuesday, August 4 to “Buy”.

DLA Company Profile

Delta Apparel, Inc., incorporated on December 10, 1999, is an apparel design, marketing, manufacturing and sourcing company. The Firm operates through two divisions: branded and basics. The Firm offers a portfolio of lifestyle basics and branded activewear apparel, headwear and related accessory products. The Firm specializes in the design, merchandising, sales and marketing of a range of casual and athletic products for men, women, juniors, youth and children. It also specializes in selling casual and athletic products through a range of distribution channels and distribution tiers, including specialty stores, boutiques, department stores, mid and mass channels, e-retailers and the United States military. The Company’s products are also made available direct-to-consumer on its Websites and in its retail stores. The Firm has manufacturing activities located in the United States, El Salvador, Honduras and Mexico.

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