Clarity Capital Partners LLC Increases Stake in Alliance Entertainment Holding Co. (NASDAQ:AENT)

Clarity Capital Partners LLC increased its holdings in Alliance Entertainment Holding Co. (NASDAQ:AENT) by 116.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,125 shares of the company’s stock after acquiring an additional 29,125 shares during the quarter. Clarity Capital Partners LLC’s holdings in Alliance Entertainment were worth $490,000 as of its most recent SEC filing.

Separately, Empowered Funds LLC bought a new position in Alliance Entertainment in the fourth quarter worth approximately $754,000. 0.27% of the stock is owned by institutional investors.

Alliance Entertainment Stock Up 3.5 %

Shares of NASDAQ AENT opened at $5.05 on Thursday. Alliance Entertainment Holding Co. has a 12-month low of $1.10 and a 12-month high of $11.57. The stock’s fifty day simple moving average is $6.69 and its two-hundred day simple moving average is $4.22. The stock has a market capitalization of $257.35 million, a PE ratio of 29.71 and a beta of 0.07. The company has a current ratio of 1.34, a quick ratio of 0.60 and a debt-to-equity ratio of 1.13.

Alliance Entertainment (NASDAQ:AENT) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $228.99 million for the quarter. Alliance Entertainment had a return on equity of 9.67% and a net margin of 0.77%.

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.