Brave Asset Management Inc. Boosts Stock Position in Duluth Holdings Inc (NASDAQ:DLTH)

Brave Asset Management Inc. raised its position in Duluth Holdings Inc (NASDAQ:DLTH) by 70.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,000 shares of the company’s stock after purchasing an additional 12,000 shares during the period. Brave Asset Management Inc. owned about 0.09% of Duluth worth $156,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DLTH. PNC Financial Services Group Inc. grew its holdings in Duluth by 10,586.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,061 shares of the company’s stock valued at $25,000 after buying an additional 4,023 shares during the period. Citigroup Inc. grew its position in Duluth by 415,800.0% during the second quarter. Citigroup Inc. now owns 4,159 shares of the company’s stock valued at $26,000 after acquiring an additional 4,158 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Duluth in the 2nd quarter valued at about $29,000. FMR LLC grew its stake in Duluth by 118.3% during the first quarter. FMR LLC now owns 4,869 shares of the company’s stock worth $31,000 after buying an additional 2,639 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Duluth by 457.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,577 shares of the company’s stock valued at $46,000 after acquiring an additional 6,217 shares in the last quarter. 24.39% of the stock is owned by institutional investors and hedge funds.

Duluth Stock Down 0.6 %

Shares of DLTH traded down $0.03 during mid-day trading on Thursday, reaching $4.90. 37,334 shares of the stock traded hands, compared to its average volume of 65,907. The firm has a market cap of $152.15 million, a price-to-earnings ratio of -16.90 and a beta of 1.24. The stock has a fifty day simple moving average of $4.80 and a 200 day simple moving average of $5.15. The company has a quick ratio of 0.21, a current ratio of 1.77 and a debt-to-equity ratio of 0.27. Duluth Holdings Inc has a 12-month low of $4.20 and a 12-month high of $7.88.

Duluth (NASDAQ:DLTH) last announced its earnings results on Thursday, March 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). Duluth had a negative return on equity of 4.24% and a negative net margin of 1.45%. The business had revenue of $245.61 million for the quarter, compared to analysts’ expectations of $241.80 million. During the same period in the previous year, the firm posted $0.23 earnings per share. Sell-side analysts expect that Duluth Holdings Inc will post -0.07 EPS for the current fiscal year.

About Duluth

Duluth Holdings Inc sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, tanks, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No-Yank, No Polo Shirt, Wild Boar Mocs, and Buck Naked.