Voya Investment Management LLC purchased a new stake in Quantum Corporation (NYSE:QTM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,969 shares of the technology company’s stock, valued at approximately $101,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royce & Associates LP bought a new position in Quantum Corporation in the 2nd quarter valued at about $102,000. Strs Ohio bought a new position in Quantum Corporation in the 2nd quarter valued at about $113,000. New York State Common Retirement Fund bought a new position in Quantum Corporation in the 2nd quarter valued at about $233,000. Rhumbline Advisers bought a new position in Quantum Corporation in the 2nd quarter valued at about $237,000. Finally, Teachers Advisors LLC bought a new position in Quantum Corporation in the 2nd quarter valued at about $391,000. 64.70% of the stock is currently owned by institutional investors and hedge funds.

Quantum Corporation (NYSE QTM) traded up $0.22 during trading hours on Friday, reaching $5.07. 209,581 shares of the company’s stock traded hands, compared to its average volume of 611,066. 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 Corporation has a 52-week low of $4.11 and a 52-week high of $9.20.

Quantum Corporation (NYSE:QTM) last posted its quarterly earnings data on Thursday, November 9th. The technology company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.13). The firm had revenue of $107.10 million during the quarter, compared to analysts’ expectations of $122.20 million. Quantum Corporation had a negative net margin of 1.77% and a negative return on equity of 7.26%. The company’s quarterly revenue was down 20.5% on a year-over-year basis. During the same quarter last year, the business posted $0.02 EPS. equities analysts forecast that Quantum Corporation will post 0.09 earnings per share for the current year.

Several brokerages recently weighed in on QTM. Lake Street Capital dropped their price target on shares of Quantum Corporation from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, August 10th. Zacks Investment Research cut shares of Quantum Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Finally, BidaskClub raised shares of Quantum Corporation from a “hold” rating to a “buy” rating in a research report on Monday, July 31st.

In other Quantum Corporation news, insider Jon W. Gacek sold 12,254 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $5.50, for a total value of $67,397.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.55% of the company’s stock.

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Quantum Corporation Company 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 Corporation (NYSE:QTM)

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