Jeffrey Clinton Walker Buys 36,684 Shares of Alliance Entertainment Holding Co. (NASDAQ:AENT) Stock

Alliance Entertainment Holding Co. (NASDAQ:AENT) CEO Jeffrey Clinton Walker bought 36,684 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was bought at an average price of $38,533.00 per share, for a total transaction of $1,413,544,572.00. Following the completion of the purchase, the chief executive officer now directly owns 22,972,762 shares in the company, valued at approximately $885,209,438,146. This represents a 0.16 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Alliance Entertainment Stock Down 6.6 %

Shares of NASDAQ:AENT opened at $3.95 on Friday. The business’s 50 day moving average is $6.32 and its 200 day moving average is $4.39. The stock has a market cap of $201.28 million, a P/E ratio of 30.39 and a beta of 0.07. Alliance Entertainment Holding Co. has a 52-week low of $1.10 and a 52-week high of $11.57. The company has a quick ratio of 0.77, a current ratio of 1.24 and a debt-to-equity ratio of 0.84.

Alliance Entertainment (NASDAQ:AENT) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.19 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%.

Institutional Investors Weigh In On Alliance Entertainment

Several hedge funds have recently modified their holdings of the business. Clarity Capital Partners LLC raised its stake in Alliance Entertainment by 13.6% in the third quarter. Clarity Capital Partners LLC now owns 25,000 shares of the company’s stock worth $68,000 after buying an additional 3,000 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in shares of Alliance Entertainment in the 4th quarter valued at $91,000. Renaissance Technologies LLC bought a new position in shares of Alliance Entertainment in the 4th quarter worth $92,000. LPL Financial LLC purchased a new stake in shares of Alliance Entertainment during the 4th quarter worth $130,000. Finally, Marshall Wace LLP bought a new stake in Alliance Entertainment during the fourth quarter valued at about $440,000. Hedge funds and other institutional investors own 0.27% of the company’s stock.

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.