Dimensional Fund Advisors LP Trims Holdings in Qualstar Corporation (QBAK)
Dimensional Fund Advisors LP lowered its position in Qualstar Corporation (NASDAQ:QBAK) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,518 shares of the electronics maker’s stock after selling 3,933 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.85% of Qualstar worth $402,000 as of its most recent filing with the Securities and Exchange Commission.
Separately, Wedbush Securities Inc. increased its holdings in shares of Qualstar by 61.6% in the second quarter. Wedbush Securities Inc. now owns 52,472 shares of the electronics maker’s stock valued at $269,000 after purchasing an additional 20,006 shares during the period. 14.43% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider William J. Gervais sold 30,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $7.65, for a total transaction of $229,500.00. Following the transaction, the insider now owns 170,558 shares of the company’s stock, valued at $1,304,768.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder William J. Gervais sold 10,000 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $7.05, for a total value of $70,500.00. Following the transaction, the insider now directly owns 190,558 shares in the company, valued at approximately $1,343,433.90. The disclosure for this sale can be found here. In the last three months, insiders sold 75,000 shares of company stock worth $554,500. Corporate insiders own 28.20% of the company’s stock.
Qualstar (NASDAQ:QBAK) last released its earnings results on Wednesday, November 8th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $2.76 million during the quarter. Qualstar had a negative net margin of 4.52% and a negative return on equity of 8.81%.
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Qualstar Company Profile
Qualstar Corporation is a provider of data storage systems marketed under the Qualstar brand and of power solutions marketed under the N2Power brand. The Company’s segments include Power Supplies and Data Storage. Under the Power Supplies segment, it designs, manufactures and sells open frame switching power supplies.
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