GSA Capital Partners LLP Grows Holdings in Duluth Holdings Inc (NASDAQ:DLTH)

GSA Capital Partners LLP lifted its stake in Duluth Holdings Inc (NASDAQ:DLTH) by 288.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 104,763 shares of the company’s stock after acquiring an additional 77,825 shares during the quarter. GSA Capital Partners LLP’s holdings in Duluth were worth $394,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DLTH. International Assets Investment Management LLC acquired a new stake in shares of Duluth during the second quarter worth about $38,000. Yarger Wealth Strategies LLC purchased a new stake in Duluth during the 2nd quarter worth approximately $53,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Duluth during the 2nd quarter worth approximately $72,000. Virtu Financial LLC purchased a new position in Duluth in the 1st quarter valued at approximately $73,000. Finally, Taylor & Morgan Wealth Management LLC grew its stake in shares of Duluth by 25.0% in the second quarter. Taylor & Morgan Wealth Management LLC now owns 20,000 shares of the company’s stock worth $74,000 after acquiring an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Duluth Stock Performance

Shares of Duluth stock opened at $3.66 on Friday. The business has a 50-day simple moving average of $3.80 and a 200-day simple moving average of $3.79. The company has a market cap of $115.91 million, a PE ratio of -7.93 and a beta of 1.34. Duluth Holdings Inc has a one year low of $3.09 and a one year high of $5.82. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.30 and a current ratio of 1.63.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings results on Thursday, August 29th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.10. Duluth had a negative net margin of 2.35% and a negative return on equity of 5.52%. The company had revenue of $141.62 million during the quarter, compared to analysts’ expectations of $132.30 million. During the same quarter in the previous year, the business posted ($0.06) EPS. On average, equities research analysts forecast that Duluth Holdings Inc will post -0.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Duluth from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th.

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.