Alliance Entertainment Holding Co. (NASDAQ:AENT) Short Interest Update

Alliance Entertainment Holding Co. (NASDAQ:AENT - Get Free Report) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 111,500 shares, a drop of 13.8% from the February 28th total of 129,400 shares. Based on an average trading volume of 99,100 shares, the short-interest ratio is currently 1.1 days. Currently, 3.6% of the shares of the stock are short sold.

Insider Buying and Selling at Alliance Entertainment

In other news, CEO Jeffrey Clinton Walker acquired 36,684 shares of Alliance Entertainment stock in a transaction on Wednesday, February 26th. The shares were acquired at an average price of $3.85 per share, with a total value of $141,354.46. Following the purchase, the chief executive officer now directly owns 22,972,762 shares in the company, valued at $88,520,943.81. The trade was a 0.16 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 81.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alliance Entertainment

A number of large investors have recently made changes to their positions in the company. Bridgeway Capital Management LLC purchased a new position in Alliance Entertainment in the 4th quarter worth about $864,000. Empowered Funds LLC bought a new position in shares of Alliance Entertainment during the 4th quarter worth approximately $754,000. Marshall Wace LLP purchased a new position in Alliance Entertainment during the 4th quarter worth $440,000. Clarity Capital Partners LLC grew its stake in shares of Alliance Entertainment by 116.5% during the fourth quarter. Clarity Capital Partners LLC now owns 54,125 shares of the company's stock worth $490,000 after acquiring an additional 29,125 shares during the last quarter. Finally, LPL Financial LLC purchased a new stake in Alliance Entertainment during the 4th quarter worth approximately $130,000. 0.27% of the stock is owned by hedge funds and other institutional investors.

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Alliance Entertainment Price Performance

AENT stock traded down $0.59 during trading on Friday, hitting $2.89. 79,123 shares of the company's stock traded hands, compared to its average volume of 80,058. Alliance Entertainment has a 52 week low of $1.10 and a 52 week high of $11.57. The stock has a market capitalization of $147.27 million, a price-to-earnings ratio of 22.23 and a beta of 0.30. The business has a fifty day simple moving average of $4.40 and a 200 day simple moving average of $4.82. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.77 and a current ratio of 1.24.

Alliance Entertainment (NASDAQ:AENT - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate 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 Company 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.