Perritt Capital Management Inc Lowers Stock Holdings in Alliance Entertainment Holding Co. (NASDAQ:AENT)

Perritt Capital Management Inc lessened its holdings in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT) by 25.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,000 shares of the company’s stock after selling 10,000 shares during the quarter. Perritt Capital Management Inc owned approximately 0.06% of Alliance Entertainment worth $272,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Empowered Funds LLC purchased a new position in Alliance Entertainment during the fourth quarter worth about $754,000. Clarity Capital Partners LLC increased its stake in shares of Alliance Entertainment by 116.5% during the 4th quarter. Clarity Capital Partners LLC now owns 54,125 shares of the company’s stock valued at $490,000 after acquiring an additional 29,125 shares during the last quarter. Finally, LPL Financial LLC acquired a new position in shares of Alliance Entertainment during the 4th quarter valued at about $130,000. Hedge funds and other institutional investors own 0.27% of the company’s stock.

Insiders Place Their Bets

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 acquired at an average price of $3.85 per share, for a total transaction of $141,354.46. Following the acquisition, the chief executive officer now owns 22,972,762 shares of the company’s stock, valued at $88,520,943.81. This trade represents a 0.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 81.90% of the stock is currently owned by insiders.

Alliance Entertainment Price Performance

AENT opened at $3.25 on Wednesday. Alliance Entertainment Holding Co. has a 1 year low of $1.10 and a 1 year high of $11.57. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.77 and a current ratio of 1.24. The company’s 50 day simple moving average is $4.52 and its 200 day simple moving average is $4.80. The stock has a market capitalization of $165.61 million, a PE ratio of 25.00 and a beta of 0.17.

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

About Alliance Entertainment

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.