Digirad Corp. (DRAD) Director Buys $28,125.00 in Stock
Digirad Corp. (NASDAQ:DRAD) Director Jeffrey E. Eberwein acquired 5,625 shares of the company’s stock in a transaction dated Wednesday, September 14th. The stock was acquired at an average price of $5.00 per share, with a total value of $28,125.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Digirad Corp. (NASDAQ:DRAD) opened at 4.98 on Wednesday. Digirad Corp. has a one year low of $3.65 and a one year high of $6.92. The firm’s 50-day moving average is $5.11 and its 200-day moving average is $5.26. The company has a market cap of $97.45 million, a price-to-earnings ratio of 3.05 and a beta of 1.41.
Digirad Corp. (NASDAQ:DRAD) last released its earnings results on Thursday, July 28th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. Digirad Corp. had a net margin of 34.22% and a return on equity of 10.03%. Analysts expect that Digirad Corp. will post $0.31 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Wednesday, August 17th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 15th. This represents a $0.20 dividend on an annualized basis and a yield of 4.02%. Digirad Corp.’s dividend payout ratio (DPR) is 12.27%.
A number of institutional investors have recently added to or reduced their stakes in DRAD. Hillsdale Investment Management Inc. boosted its position in Digirad Corp. by 11.9% in the second quarter. Hillsdale Investment Management Inc. now owns 75,280 shares of the company’s stock worth $388,000 after buying an additional 8,000 shares during the period. Bridgeway Capital Management Inc. boosted its position in Digirad Corp. by 88.5% in the second quarter. Bridgeway Capital Management Inc. now owns 241,794 shares of the company’s stock worth $1,245,000 after buying an additional 113,494 shares during the period. O Shaughnessy Asset Management LLC boosted its position in Digirad Corp. by 289.4% in the second quarter. O Shaughnessy Asset Management LLC now owns 19,559 shares of the company’s stock worth $101,000 after buying an additional 14,536 shares during the period. AXA bought a new position in Digirad Corp. during the second quarter worth approximately $194,000. Finally, Vanguard Group Inc. boosted its position in Digirad Corp. by 26.2% in the second quarter. Vanguard Group Inc. now owns 1,123,234 shares of the company’s stock worth $5,785,000 after buying an additional 233,023 shares during the period. 60.63% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on DRAD. B. Riley reiterated a “buy” rating and set a $7.00 target price on shares of Digirad Corp. in a research report on Tuesday, July 26th. Zacks Investment Research cut shares of Digirad Corp. from a “hold” rating to a “sell” rating in a research report on Monday, August 1st. Finally, Sidoti began coverage on shares of Digirad Corp. in a research report on Wednesday, May 25th. They set a “buy” rating and a $8.00 target price for the company.
Digirad Corp. Company Profile
Digirad Corporation is a provider of diagnostic solutions. The Company’s business is organized into two segments: Diagnostic Services and Diagnostic Imaging. The Company provides in-office nuclear cardiology and ultrasound imaging services. It also provides cardiac event monitoring services to physician practices, hospitals and imaging centers through its Diagnostic Services business segment.
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