Diametric Capital LP Invests $670,000 in Quantum Co. (NASDAQ:QMCO)

Diametric Capital LP acquired a new position in shares of Quantum Co. (NASDAQ:QMCO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,423 shares of the company’s stock, valued at approximately $670,000. Diametric Capital LP owned 0.21% of Quantum at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of QMCO. SBI Securities Co. Ltd. acquired a new position in shares of Quantum during the 4th quarter worth $194,000. Flagship Harbor Advisors LLC purchased a new stake in Quantum during the fourth quarter worth about $226,000. LPL Financial LLC acquired a new position in Quantum during the fourth quarter worth about $397,000. Arkadios Wealth Advisors purchased a new position in Quantum in the fourth quarter valued at about $466,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in shares of Quantum during the 4th quarter valued at approximately $593,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Quantum Stock Up 1.6 %

Shares of NASDAQ QMCO opened at $14.38 on Tuesday. The firm’s 50-day moving average is $18.23 and its two-hundred day moving average is $17.43. Quantum Co. has a 12-month low of $2.22 and a 12-month high of $90.64.

Quantum (NASDAQ:QMCO) last posted its earnings results on Wednesday, February 12th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.88) by ($0.08). As a group, equities analysts predict that Quantum Co. will post -5.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

QMCO has been the topic of a number of research reports. Northland Securities upped their price target on Quantum from $5.00 to $18.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Lake Street Capital raised their price target on Quantum from $5.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, January 29th.

Insider Transactions at Quantum

In related news, SVP Brian E. Cabrera sold 1,996 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $35.68, for a total transaction of $71,217.28. Following the sale, the senior vice president now owns 27,940 shares in the company, valued at approximately $996,899.20. This trade represents a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kenneth P. Gianella sold 1,279 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $21.53, for a total value of $27,536.87. Following the completion of the transaction, the chief financial officer now owns 32,402 shares of the company’s stock, valued at $697,615.06. This trade represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,208 shares of company stock worth $274,764 over the last ninety days. 3.90% of the stock is currently owned by corporate insiders.

Quantum Profile

Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Myriad All-Flash File and Object Storage Software for high performance enterprise unstructured data applications such as AI, machine learning, and data analytics; Unified Surveillance Platform Software that unified compute and storage for video surveillance recording, storage, and analytics; StorNext Hybrid Flash/Disk File Storage Software for video editing, post-production, and streaming applications, as well as digital file archives; and CatDV Asset Management Software for indexing, cataloging, enriching video, audio, and image files, and workflow orchestration.