Quantum Corp (NYSE:QTM) major shareholder Brc Partners Opportunity Fund, purchased 500,000 shares of Quantum stock in a transaction dated Wednesday, January 9th. The stock was acquired at an average cost of $1.59 per share, with a total value of $795,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Brc Partners Opportunity Fund, also recently made the following trade(s):

  • On Thursday, January 3rd, Brc Partners Opportunity Fund, purchased 32,428 shares of Quantum stock. The stock was acquired at an average cost of $1.87 per share, with a total value of $60,640.36.
  • On Friday, December 28th, Brc Partners Opportunity Fund, purchased 516,893 shares of Quantum stock. The stock was acquired at an average cost of $1.42 per share, with a total value of $733,988.06.

QTM opened at $1.60 on Friday. Quantum Corp has a 12 month low of $1.05 and a 12 month high of $6.56.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PenderFund Capital Management Ltd. increased its stake in Quantum by 5.1% in the 3rd quarter. PenderFund Capital Management Ltd. now owns 584,183 shares of the technology company’s stock valued at $1,889,000 after purchasing an additional 28,134 shares in the last quarter. Wells Fargo & Company MN increased its stake in Quantum by 2.2% in the 3rd quarter. Wells Fargo & Company MN now owns 1,518,863 shares of the technology company’s stock valued at $3,645,000 after purchasing an additional 32,832 shares in the last quarter. Wagner Bowman Management Corp purchased a new position in Quantum in the 3rd quarter valued at approximately $103,000. GSA Capital Partners LLP increased its stake in Quantum by 33.7% in the 3rd quarter. GSA Capital Partners LLP now owns 258,705 shares of the technology company’s stock valued at $621,000 after purchasing an additional 65,200 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Quantum in the 2nd quarter valued at approximately $243,000. 53.51% of the stock is owned by hedge funds and other institutional investors.

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Quantum Company Profile

Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses and multi-national enterprises in the Americas, Europe, and the Asia Pacific. The company offers StorNext 5 software and hardware that offer file sharing and archiving in purpose-built configurations of metadata controllers, expansion appliances, and disk and archive enabled libraries; Xcellis product, which optimizes workflow and shared access by combining functions into a compact, space, and energy-saving solution; and Lattus Object Storage solutions that enable high volumes of data to be available to extract valuable information.

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