Marshall Wace LLP Makes New Investment in Duluth Holdings Inc (NASDAQ:DLTH)

Marshall Wace LLP purchased a new stake in Duluth Holdings Inc (NASDAQ:DLTH) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 117,131 shares of the company’s stock, valued at approximately $432,000. Marshall Wace LLP owned about 0.37% of Duluth as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Heartland Advisors Inc. purchased a new stake in shares of Duluth in the 1st quarter valued at approximately $1,470,000. Dimensional Fund Advisors LP boosted its position in Duluth by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 797,190 shares of the company’s stock valued at $2,942,000 after buying an additional 64,281 shares during the period. BNP Paribas Financial Markets increased its position in shares of Duluth by 896.4% during the first quarter. BNP Paribas Financial Markets now owns 39,985 shares of the company’s stock worth $196,000 after acquiring an additional 35,972 shares during the period. Vanguard Group Inc. raised its stake in shares of Duluth by 1.8% in the first quarter. Vanguard Group Inc. now owns 858,973 shares of the company’s stock valued at $4,209,000 after acquiring an additional 15,018 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Duluth in the first quarter valued at $73,000. 24.39% of the stock is owned by institutional investors and hedge funds.

Duluth Trading Down 1.6 %

NASDAQ DLTH opened at $3.81 on Friday. Duluth Holdings Inc has a 52 week low of $3.09 and a 52 week high of $5.82. The firm has a 50 day moving average of $3.64 and a two-hundred day moving average of $3.96. The company has a quick ratio of 0.30, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $120.78 million, a PE ratio of -9.29 and a beta of 1.34.

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised Duluth from a “hold” rating to a “buy” rating in a research report on Wednesday.

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.