Alliance Entertainment Holding Co. (NASDAQ:AENT) Shares Sold by Perritt Capital Management Inc

Perritt Capital Management Inc trimmed its position in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT) by 25.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 30,000 shares of the company’s stock after selling 10,000 shares during the period. Perritt Capital Management Inc’s holdings in Alliance Entertainment were worth $272,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in shares of Alliance Entertainment during the fourth quarter valued at about $754,000. Clarity Capital Partners LLC boosted its holdings in Alliance Entertainment by 116.5% in the fourth quarter. Clarity Capital Partners LLC now owns 54,125 shares of the company’s stock valued at $490,000 after purchasing an additional 29,125 shares during the last quarter. Finally, LPL Financial LLC purchased a new position in Alliance Entertainment in the fourth quarter valued at about $130,000. Hedge funds and other institutional investors own 0.27% of the company’s stock.

Insider Transactions at Alliance Entertainment

In other news, CEO Jeffrey Clinton Walker bought 36,684 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $3.85 per share, for a total transaction of $141,354.46. Following the transaction, the chief executive officer now owns 22,972,762 shares in the company, valued at $88,520,943.81. The trade was a 0.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 81.90% of the company’s stock.

Alliance Entertainment Price Performance

AENT stock opened at $3.25 on Wednesday. The stock’s 50 day moving average is $4.52 and its two-hundred day moving average is $4.80. Alliance Entertainment Holding Co. has a 52-week low of $1.10 and a 52-week high of $11.57. The company has a market capitalization of $165.61 million, a PE ratio of 25.00 and a beta of 0.17. The company has a quick ratio of 0.77, a current ratio of 1.24 and a debt-to-equity ratio of 0.84.

Alliance Entertainment (NASDAQ:AENT) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.16). Alliance Entertainment had a return on equity of 10.26% and a net margin of 0.62%.

Alliance Entertainment Profile

Alliance Entertainment Holding Corporation operates as a wholesaler, distributor, and e-commerce provider for the entertainment industry worldwide. It offers vinyl records, video games, digital video discs, blu-rays, toys, compact discs, collectibles, and other entertainment and consumer products. The company also provides third party logistics products and services.