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

Clarity Capital Partners LLC grew its holdings in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT) by 116.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,125 shares of the company’s stock after buying an additional 29,125 shares during the quarter. Clarity Capital Partners LLC owned 0.11% of Alliance Entertainment worth $490,000 at the end of the most recent reporting period.

Separately, Empowered Funds LLC bought a new position in Alliance Entertainment in the 4th quarter valued at $754,000. 0.27% of the stock is currently owned by institutional investors.

Alliance Entertainment Stock Up 3.5 %

NASDAQ:AENT opened at $5.05 on Thursday. The stock has a fifty day simple moving average of $6.69 and a 200-day simple moving average of $4.22. The company has a current ratio of 1.34, a quick ratio of 0.60 and a debt-to-equity ratio of 1.13. The company has a market cap of $257.35 million, a price-to-earnings ratio of 29.71 and a beta of 0.07. Alliance Entertainment Holding Co. has a twelve month low of $1.10 and a twelve month high of $11.57.

Alliance Entertainment (NASDAQ:AENT) last announced 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 during the quarter. Alliance Entertainment had a net margin of 0.77% and a return on equity of 9.67%.

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.