Alliance Entertainment Holding Co. (NASDAQ:AENT) CEO Jeffrey Clinton Walker Acquires 36,684 Shares

Alliance Entertainment Holding Co. (NASDAQ:AENT) CEO Jeffrey Clinton Walker acquired 36,684 shares of Alliance Entertainment stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $3.85 per share, with a total value of $141,354.46. Following the completion of the purchase, 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 document filed with the SEC, which can be accessed through this link.

Alliance Entertainment Stock Performance

NASDAQ AENT traded up $0.28 on Monday, hitting $4.44. 220,336 shares of the company’s stock were exchanged, compared to its average volume of 76,268. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.24 and a quick ratio of 0.77. The firm’s 50-day moving average price is $6.23 and its two-hundred day moving average price is $4.44. Alliance Entertainment Holding Co. has a fifty-two week low of $1.10 and a fifty-two week high of $11.57. The firm has a market cap of $226.25 million, a price-to-earnings ratio of 34.16 and a beta of 0.07.

Alliance Entertainment (NASDAQ:AENT) last released its earnings results 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 return on equity of 10.26% and a net margin of 0.62%.

Institutional Investors Weigh In On Alliance Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Clarity Capital Partners LLC lifted its stake in shares of Alliance Entertainment by 13.6% during the 3rd quarter. Clarity Capital Partners LLC now owns 25,000 shares of the company’s stock worth $68,000 after purchasing an additional 3,000 shares during the period. Empowered Funds LLC purchased a new position in shares of Alliance Entertainment during the 4th quarter worth $754,000. LPL Financial LLC purchased a new position in shares of Alliance Entertainment in the 4th quarter worth $130,000. Renaissance Technologies LLC purchased a new position in shares of Alliance Entertainment in the 4th quarter worth $92,000. Finally, Marshall Wace LLP purchased a new position in shares of Alliance Entertainment in the 4th quarter worth $440,000. Hedge funds and other institutional investors own 0.27% of the company’s stock.

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.