Quarterhill (NASDAQ:QTRH) released its earnings results on Thursday. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.07), Morningstar.com reports. The firm had revenue of $19.58 million during the quarter. Quarterhill had a negative net margin of 4.30% and a positive return on equity of 16.50%.

Quarterhill stock traded down $0.05 during trading on Friday, reaching $1.21. 200,553 shares of the company were exchanged, compared to its average volume of 31,847. Quarterhill has a 52-week low of $1.01 and a 52-week high of $2.06. The company has a market cap of $148.52 million, a price-to-earnings ratio of 2.33 and a beta of 1.17.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 9th. Investors of record on Friday, December 14th will be given a dividend of $0.01 per share. This is an increase from Quarterhill’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.04 dividend on an annualized basis and a yield of 3.31%. Quarterhill’s dividend payout ratio (DPR) is presently 7.69%.

Several equities analysts have recently weighed in on the company. ValuEngine downgraded Quarterhill from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Canaccord Genuity reiterated a “buy” rating and set a $2.00 price objective on shares of Quarterhill in a research report on Friday.

Institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC lifted its position in Quarterhill by 67.6% during the second quarter. Acadian Asset Management LLC now owns 732,537 shares of the company’s stock worth $814,000 after buying an additional 295,400 shares in the last quarter. Renaissance Technologies LLC lifted its position in Quarterhill by 14.7% during the second quarter. Renaissance Technologies LLC now owns 1,736,331 shares of the company’s stock worth $1,927,000 after buying an additional 222,831 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Quarterhill by 6.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,253,395 shares of the company’s stock worth $6,941,000 after buying an additional 359,925 shares in the last quarter. Hedge funds and other institutional investors own 11.83% of the company’s stock.

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Quarterhill Company Profile

Quarterhill Inc focuses on acquisition and management of technology companies that provides products and services worldwide. Its Technology segment licenses patent technologies to approximately 355 companies. Its patent portfolios include patents relating to 3D television, phased loop semiconductor, semiconductor manufacturing and packaging, medical stent, intelligent personal assistant, streaming video, semiconductor clocking, LED lighting, smart meter monitoring, non-volatile flash memory and other memory, building automation, enhanced image processing, computer gaming, and various other technologies; automotive headlight assemblies, microcontrollers applicable to safety-critical aerospace, and CMOS image sensors; and medical, industrial, and automotive applications.

See Also: Diversification

Earnings History for Quarterhill (NASDAQ:QTRH)

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