State Street Corp Purchases 6,317 Shares of Quipt Home Medical Corp. (NASDAQ:QIPT)

State Street Corp boosted its holdings in shares of Quipt Home Medical Corp. (NASDAQ:QIPT) by 1.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 621,388 shares of the company’s stock after purchasing an additional 6,317 shares during the period. State Street Corp’s holdings in Quipt Home Medical were worth $1,814,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. ProShare Advisors LLC acquired a new position in shares of Quipt Home Medical during the 2nd quarter worth $35,000. SG Americas Securities LLC bought a new stake in Quipt Home Medical in the third quarter worth $44,000. Atom Investors LP bought a new stake in Quipt Home Medical in the third quarter worth $51,000. Rhumbline Advisers increased its position in Quipt Home Medical by 21.0% during the second quarter. Rhumbline Advisers now owns 49,276 shares of the company’s stock worth $159,000 after buying an additional 8,541 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Quipt Home Medical by 10.4% during the second quarter. Hsbc Holdings PLC now owns 52,522 shares of the company’s stock valued at $165,000 after buying an additional 4,969 shares in the last quarter. 42.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Patrick Dennis Gamble bought 17,000 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was purchased at an average price of $2.45 per share, with a total value of $41,650.00. Following the transaction, the vice president now directly owns 40,057 shares in the company, valued at approximately $98,139.65. The trade was a 73.73 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.20% of the stock is owned by insiders.

Quipt Home Medical Stock Performance

QIPT opened at $3.05 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.77 and a current ratio of 1.11. The company has a market cap of $131.43 million, a PE ratio of -27.73 and a beta of 0.62. The stock has a 50-day moving average of $2.64 and a 200-day moving average of $2.91. Quipt Home Medical Corp. has a 52-week low of $2.30 and a 52-week high of $5.26.

Quipt Home Medical (NASDAQ:QIPT) last posted its earnings results on Monday, December 16th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.08). Quipt Home Medical had a negative return on equity of 4.51% and a negative net margin of 1.95%. As a group, equities research analysts forecast that Quipt Home Medical Corp. will post -0.1 earnings per share for the current fiscal year.

About Quipt Home Medical

Quipt Home Medical Corp., through its subsidiaries, engages in the provision of durable and home medical equipment and supplies in the United States. The company offers nebulizers, oxygen concentrators, and CPAP and BiPAP units; traditional and non-traditional durable medical respiratory equipment and services; non-invasive ventilation equipment, supplies, and services; and engages in the rental of medical equipment.