Gabelli Funds LLC increased its holdings in shares of Electromed, Inc. (NYSEAMERICAN:ELMD) by 72.4% in the 4th quarter, Holdings Channel reports. The firm owned 95,267 shares of the medical equipment provider’s stock after acquiring an additional 40,000 shares during the quarter. Gabelli Funds LLC’s holdings in Electromed were worth $485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in Electromed by 39.9% in the second quarter. Renaissance Technologies LLC now owns 41,700 shares of the medical equipment provider’s stock valued at $226,000 after buying an additional 11,901 shares in the last quarter. Quantum Capital Management purchased a new position in Electromed in the third quarter valued at $474,000. Finally, Teton Advisors Inc. increased its holdings in Electromed by 2.7% in the fourth quarter. Teton Advisors Inc. now owns 120,336 shares of the medical equipment provider’s stock valued at $613,000 after buying an additional 3,220 shares in the last quarter.

Shares of NYSEAMERICAN ELMD opened at $5.60 on Monday. Electromed, Inc. has a 52-week low of $4.60 and a 52-week high of $7.33.

Electromed (NYSEAMERICAN:ELMD) last announced its earnings results on Tuesday, November 13th. The medical equipment provider reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $7.28 million during the quarter.

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Electromed Company Profile

Electromed, Inc develops, manufactures, markets, and sells airway clearance therapy and related products in the United States and internationally. The company offers SmartVest airway clearance system that consists of an inflatable therapy garment, a programmable air pulse generator, and a patented single-hose that delivers air pulses from the generator to the garment to patients with compromised pulmonary function; and SmartVest SQL System that provides advanced generator programmability and an enhanced pause feature with save, lock, and restore functionality.

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Institutional Ownership by Quarter for Electromed (NYSEAMERICAN:ELMD)

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