Spark Investment Management LLC Increases Position in Electromed, Inc. (NYSEMKT:ELMD)
Spark Investment Management LLC increased its stake in shares of Electromed, Inc. (NYSEMKT:ELMD) by 6.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,176 shares of the medical equipment provider’s stock after buying an additional 3,860 shares during the period. Spark Investment Management LLC’s holdings in Electromed were worth $360,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in shares of Electromed by 12.2% in the first quarter. Dimensional Fund Advisors LP now owns 143,127 shares of the medical equipment provider’s stock valued at $706,000 after buying an additional 15,559 shares during the period. Teton Advisors Inc. boosted its position in shares of Electromed by 11.7% in the first quarter. Teton Advisors Inc. now owns 106,654 shares of the medical equipment provider’s stock valued at $526,000 after buying an additional 11,154 shares during the period. Algert Global LLC boosted its position in shares of Electromed by 382.2% in the first quarter. Algert Global LLC now owns 54,535 shares of the medical equipment provider’s stock valued at $269,000 after buying an additional 43,225 shares during the period. Finally, Tocqueville Asset Management L.P. acquired a new position in shares of Electromed during the first quarter valued at about $609,000.
Electromed, Inc. (NYSEMKT ELMD) opened at 6.04 on Tuesday. Electromed, Inc. has a 12 month low of $3.38 and a 12 month high of $6.65. The firm has a 50-day moving average of $6.02 and a 200 day moving average of $5.06. The firm has a market capitalization of $49.71 million, a PE ratio of 31.62 and a beta of 0.89.
Electromed (NYSEMKT:ELMD) last announced its quarterly earnings data on Monday, May 15th. The medical equipment provider reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. The firm had revenue of $6.67 million during the quarter. Electromed had a net margin of 9.71% and a return on equity of 14.75%. Equities research analysts forecast that Electromed, Inc. will post $0.19 earnings per share for the current year.
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Electromed, Inc develops, manufactures and markets airway clearance products, which apply High Frequency Chest Wall Oscillation (HFCWO) therapy in pulmonary care for patients of all ages. The Company’s products include the SmartVest Airway Clearance System (SmartVest System), the SmartVest SQL System and others.
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