Quipt Home Medical Corp. (NASDAQ:QIPT) VP Patrick Dennis Gamble Purchases 17,000 Shares of Stock

Quipt Home Medical Corp. (NASDAQ:QIPT) VP Patrick Dennis Gamble bought 17,000 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was bought at an average price of $2.45 per share, with a total value of $41,650.00. Following the completion of the acquisition, the vice president now owns 40,057 shares in the company, valued at $98,139.65. This represents a 73.73 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Quipt Home Medical Trading Up 7.7 %

Shares of QIPT opened at $2.80 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.77 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $2.63 and a 200 day moving average price of $2.91. Quipt Home Medical Corp. has a 12-month low of $2.30 and a 12-month high of $5.26. The firm has a market capitalization of $120.65 million, a P/E ratio of -25.45 and a beta of 0.62.

Quipt Home Medical (NASDAQ:QIPT) last posted its quarterly 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 net margin of 1.95% and a negative return on equity of 4.51%. Sell-side analysts forecast that Quipt Home Medical Corp. will post -0.1 EPS for the current year.

Institutional Investors Weigh In On Quipt Home Medical

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its position in shares of Quipt Home Medical by 32.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 129,738 shares of the company’s stock worth $418,000 after purchasing an additional 32,073 shares during the last quarter. Rhumbline Advisers boosted its stake 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 period. Hsbc Holdings PLC increased its position in shares of 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 acquiring an additional 4,969 shares during the last quarter. ProShare Advisors LLC purchased a new stake in shares of Quipt Home Medical in the 2nd quarter valued at approximately $35,000. Finally, SG Americas Securities LLC acquired a new position in shares of Quipt Home Medical in the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 42.85% of the company’s stock.

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.