OMERS ADMINISTRATION Corp Purchases Shares of 10,000 Alliance Entertainment Holding Co. (NASDAQ:AENT)

OMERS ADMINISTRATION Corp purchased a new stake in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $91,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new position in Alliance Entertainment during the fourth quarter valued at approximately $754,000. Renaissance Technologies LLC acquired a new position in Alliance Entertainment during the fourth quarter valued at approximately $92,000. Marshall Wace LLP acquired a new position in Alliance Entertainment during the fourth quarter valued at approximately $440,000. LPL Financial LLC acquired a new position in Alliance Entertainment during the fourth quarter valued at approximately $130,000. Finally, Bridgeway Capital Management LLC acquired a new stake in shares of Alliance Entertainment in the fourth quarter worth $864,000. Institutional investors and hedge funds own 0.27% of the company’s stock.

Alliance Entertainment Trading Up 7.2%

Shares of Alliance Entertainment stock opened at $2.97 on Wednesday. The company’s fifty day simple moving average is $3.05 and its 200-day simple moving average is $4.74. The company has a market cap of $151.34 million, a price-to-earnings ratio of 22.85 and a beta of 0.32. The company has a current ratio of 1.24, a quick ratio of 0.77 and a debt-to-equity ratio of 0.84. Alliance Entertainment Holding Co. has a 1 year low of $1.10 and a 1 year high of $11.57.

Alliance Entertainment (NASDAQ:AENT) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.03. The business had revenue of $213.05 million for the quarter, compared to the consensus estimate of $210.65 million. Alliance Entertainment had a net margin of 0.62% and a return on equity of 10.26%.

Insider Transactions at Alliance Entertainment

In related news, CEO Jeffrey Clinton Walker acquired 36,684 shares of the stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $3.85 per share, for a total transaction 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 approximately $88,520,943.81. The trade was a 0.16% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 81.90% of the stock is currently owned by corporate insiders.

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.