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 the firm’s stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average cost of $38,533.00 per share, for a total transaction of $1,413,544,572.00. Following the completion of the acquisition, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Alliance Entertainment Trading Down 6.6 %

Shares of AENT opened at $3.95 on Friday. Alliance Entertainment Holding Co. has a fifty-two week low of $1.10 and a fifty-two week 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 fifty day moving average is $6.32 and its 200 day moving average is $4.39. The stock has a market capitalization of $201.28 million, a PE ratio of 30.39 and a beta of 0.07.

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

Institutional Trading of Alliance Entertainment

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