Voya Investment Management LLC Purchases New Stake in Quantum Corporation (QTM)
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.
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.
WARNING: This report was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/11/25/voya-investment-management-llc-purchases-new-stake-in-quantum-corporation-qtm.html.
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.
Want to see what other hedge funds are holding QTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quantum Corporation (NYSE:QTM).
Receive News & Stock Ratings for Quantum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quantum Corporation and related stocks with our FREE daily email newsletter.