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Bruce A. Ogilvie Jr., Executive Chairman of Alliance Entertainment Holding Corp (NASDAQ:AENT), recently acquired shares and warrants in a series of transactions. On May 27, Ogilvie purchased 2,000 shares of common stock at $2.70 per share, amounting to a total of $5,400. The purchase comes as the stock trades near $2.83, significantly below its 52-week high of $11.57, with InvestingPro analysis indicating the stock is currently fairly valued.
Additionally, Ogilvie acquired several warrants in three separate transactions. On May 27, he purchased 10,000 warrants at $0.1698 each. This was followed by a purchase of 7,166 warrants at $0.15 each on May 28, and another 20,000 warrants at $0.15 each on May 30. These warrants are tied to Class A Common Stock and are owned by a trust associated with Ogilvie. The company, with a market cap of $140 million, has seen its stock decline 44% over the past six months.
Overall, these transactions reflect Ogilvie’s continued investment in Alliance Entertainment, with significant acquisitions in both common stock and warrants. InvestingPro subscribers can access detailed insider trading patterns and 8 additional key insights about AENT’s financial health and growth prospects.
In other recent news, Alliance Entertainment Holding Corporation reported a return to profitability in its third quarter of fiscal year 2025. The company achieved a net income of $1.9 million, a significant turnaround from a net loss of $3.4 million in the same quarter the previous year. Revenue for the quarter saw a slight increase, reaching $213 million compared to $211.2 million in Q3 FY24. Additionally, Alliance Entertainment’s gross profit rose by 3.7% year-over-year to $29.1 million, demonstrating improved operational efficiency.
Alliance Entertainment has also appointed Robert Oram as Executive Vice President. Oram, with 30 years of experience, is expected to enhance the company’s distribution initiatives, particularly through an exclusive agreement with Paramount Home Entertainment. This agreement, which began in January 2025, positions Alliance as the exclusive distributor of Paramount’s physical media catalog in the U.S. and Canada. The company is focusing on expanding its direct-to-consumer fulfillment model, which now accounts for 40% of gross revenue, signaling a strategic shift towards more efficient distribution channels.
Alliance Entertainment’s recent financial performance and strategic partnerships have attracted positive attention from the market. The company has set ambitious goals for the coming years, aiming for an EBITDA margin of over 3% in fiscal 2026. Meanwhile, the appointment of Oram and the Paramount agreement are seen as steps to strengthen its position in the collectibles and home entertainment markets.
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