Duluth Holdings Inc (NASDAQ:DLTH) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its holdings in shares of Duluth Holdings Inc (NASDAQ:DLTH) by 25.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,858 shares of the company’s stock after selling 27,617 shares during the period. Jane Street Group LLC owned about 0.25% of Duluth worth $297,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Duluth by 142.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company’s stock valued at $862,000 after acquiring an additional 134,520 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Duluth during the second quarter worth about $226,000. GSA Capital Partners LLP lifted its position in shares of Duluth by 288.9% during the third quarter. GSA Capital Partners LLP now owns 104,763 shares of the company’s stock worth $394,000 after purchasing an additional 77,825 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Duluth by 5.3% during the third quarter. Empowered Funds LLC now owns 88,391 shares of the company’s stock worth $332,000 after purchasing an additional 4,422 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Duluth by 301.7% during the third quarter. International Assets Investment Management LLC now owns 41,172 shares of the company’s stock worth $155,000 after purchasing an additional 30,922 shares during the last quarter. 24.39% of the stock is currently owned by institutional investors and hedge funds.

Duluth Stock Performance

Shares of NASDAQ DLTH opened at $2.88 on Friday. The company has a quick ratio of 0.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. The firm’s 50-day moving average price is $3.44 and its two-hundred day moving average price is $3.62. Duluth Holdings Inc has a 52-week low of $2.81 and a 52-week high of $5.38. The stock has a market capitalization of $91.62 million, a P/E ratio of -2.91 and a beta of 1.35.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. StockNews.com cut shares of Duluth from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Robert W. Baird reduced their price target on shares of Duluth from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Friday, December 6th.

Duluth Profile

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.