GSA Capital Partners LLP grew its stake in shares of Quantum Corp (NYSE:QTM) by 26.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,017 shares of the technology company’s stock after acquiring an additional 25,600 shares during the period. GSA Capital Partners LLP owned 0.35% of Quantum worth $741,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Quantum by 4.3% in the first quarter. Vanguard Group Inc. now owns 9,332,945 shares of the technology company’s stock worth $8,120,000 after purchasing an additional 383,871 shares in the last quarter. Tocqueville Asset Management L.P. bought a new stake in Quantum in the third quarter worth $1,629,000. Dimensional Fund Advisors LP bought a new stake in Quantum in the third quarter worth $1,229,000. Fuller & Thaler Asset Management Inc. boosted its holdings in Quantum by 58.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 518,721 shares of the technology company’s stock worth $3,175,000 after purchasing an additional 190,400 shares in the last quarter. Finally, AXA bought a new stake in Quantum in the second quarter worth $1,267,000. Institutional investors and hedge funds own 65.07% of the company’s stock.

Separately, Zacks Investment Research cut shares of Quantum from a “hold” rating to a “sell” rating in a report on Thursday, October 5th.

Shares of Quantum Corp (QTM) opened at $5.63 on Friday. The stock has a market cap of $197.29, a price-to-earnings ratio of -23.46, a P/E/G ratio of 3.56 and a beta of 2.17. The company has a quick ratio of 0.56, a current ratio of 0.78 and a debt-to-equity ratio of -0.57. Quantum Corp has a fifty-two week low of $4.11 and a fifty-two week high of $9.20.

Quantum (NYSE:QTM) last released its earnings results on Thursday, November 9th. The technology company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.13). The firm had revenue of $107.10 million for the quarter, compared to analyst estimates of $122.20 million. Quantum had a negative return on equity of 7.26% and a negative net margin of 1.77%. The firm’s revenue was down 20.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 EPS. analysts anticipate that Quantum Corp will post 0.08 EPS for the current fiscal year.

In other Quantum news, insider Jon W. Gacek sold 5,793 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $6.19, for a total transaction of $35,858.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.55% of the stock is owned by insiders.

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Quantum Profile

Quantum Corporation focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company’s end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity.

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Institutional Ownership by Quarter for Quantum (NYSE:QTM)

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