Renaissance Technologies LLC increased its stake in shares of Quarterhill Inc (NASDAQ:QTRH) by 14.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,736,331 shares of the company’s stock after acquiring an additional 222,831 shares during the period. Renaissance Technologies LLC owned 1.46% of Quarterhill worth $1,927,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of QTRH. CIBC World Markets Inc. increased its holdings in shares of Quarterhill by 133.1% during the 1st quarter. CIBC World Markets Inc. now owns 101,781 shares of the company’s stock valued at $148,000 after acquiring an additional 58,111 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Quarterhill by 67.6% in the 2nd quarter. Acadian Asset Management LLC now owns 732,537 shares of the company’s stock valued at $814,000 after buying an additional 295,400 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Quarterhill by 6.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,253,395 shares of the company’s stock valued at $6,941,000 after buying an additional 359,925 shares during the last quarter. 12.18% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have issued reports on QTRH. ValuEngine raised Quarterhill from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Canaccord Genuity raised Quarterhill from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Finally, Zacks Investment Research raised Quarterhill from a “sell” rating to a “hold” rating in a report on Thursday, July 12th.
Quarterhill (NASDAQ:QTRH) last released its earnings results on Thursday, August 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.05). The business had revenue of $20.40 million during the quarter, compared to analyst estimates of $25.60 million. Quarterhill had a negative net margin of 4.30% and a positive return on equity of 16.50%. Equities research analysts forecast that Quarterhill Inc will post -0.15 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 5th. Shareholders of record on Friday, September 14th were issued a $0.0096 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Thursday, September 13th. Quarterhill’s dividend payout ratio (DPR) is currently 7.69%.
Quarterhill Inc focuses on acquisition and management of technology companies that provides products and services worldwide. Its Technology segment licenses patent technologies to approximately 355 companies. Its patent portfolios include patents relating to 3D television, phased loop semiconductor, semiconductor manufacturing and packaging, medical stent, intelligent personal assistant, streaming video, semiconductor clocking, LED lighting, smart meter monitoring, non-volatile flash memory and other memory, building automation, enhanced image processing, computer gaming, and various other technologies; automotive headlight assemblies, microcontrollers applicable to safety-critical aerospace, and CMOS image sensors; and medical, industrial, and automotive applications.
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