dELiA*s Inc. (DLIA): Leon Cooperman’s Omega Advisors Discloses Over 11% Stake

Omega Advisors, managed by Leon Cooperman, owns 8.51 million shares of dELiA*s Inc. (NASDAQ:DLIA), a new filing with the U.S. Securities and Exchange Commission showed. The stake is equal to about 11.42% of the total outstanding common stock, and is passive by nature. Cooperman did not include dELiA*s in his latest 13F filing. However, he revealed holding around 4.76 million shares of the company back in October 2013.

Leon Cooperman Omega Advisors

dELiA*s Inc. (NASDAQ:DLIA) is a retail company primarily marketing to teenage girls, and has a market cap of around $57.0 million. Shares of the company traded up 11.11% on Tuesday to $0.800. It has a 52 week high of $1.83 and a 52 week low of $0.57.

Last week, dELiA*s said it received stockholder approval to increase the number of authorized shares of common stock. The company received $24.1 million from the sale of the secured convertible notes that occurred on February 18, 2014, through the conversion of the secured convertible notes into series B convertible preferred stock, according to a news release.

In May, dELiA*s posted a decrease in its total revenue in the first quarter of 2013 to $25.9 million from $35.2 million. The company reported a 21.3% consolidated gross profit, compared to 23.8% in the prior year quarter, the decrease being attributed to the deleveraging of occupancy costs. Loss from continuing operations was $11.6 million for the same period, compared to a loss of $9.2 million in the same period prior year.

At the end of last month, the company announced that its David Dick resigned as CFO of the company. David Dick will remain with the company through August 1, 2014, according to a statement.

Aside from Omega Advisors, Michael Zimmerman’s Prentice Capital Management reported owning 6.03 million shares, and Tiger Global Management LLC, managed by Chase Coleman, disclosed holding 3.40 million shares of the company. Another investor, Valinor Management LLC, run by David Gallo, revealed in a new filing that it has boosted its stake in dELiA*s Inc. (NASDAQ:DLIA) to 24.81 million shares from 6.57 million shares, representing 27.9% of the company’s common stock.

Disclosure: none

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

Bloodiest UFC Fights Ever Fought

Most Expensive Rum Brands in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!