Quipt Home Medical Corp. (NASDAQ:QIPT) VP Patrick Dennis Gamble Buys 17,000 Shares

Quipt Home Medical Corp. (NASDAQ:QIPT) VP Patrick Dennis Gamble purchased 17,000 shares of the stock in a transaction dated Thursday, December 26th. The stock was bought at an average cost of $2.45 per share, with a total value of $41,650.00. Following the completion of the purchase, the vice president now owns 40,057 shares in the company, valued at $98,139.65. The trade was a 73.73 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Quipt Home Medical Stock Up 8.9 %

Shares of NASDAQ QIPT opened at $3.05 on Thursday. Quipt Home Medical Corp. has a 52-week low of $2.30 and a 52-week high of $5.26. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.77 and a current ratio of 1.11. The stock has a market cap of $131.43 million, a P/E ratio of -27.73 and a beta of 0.62. The firm has a 50 day moving average price of $2.64 and a 200 day moving average price of $2.91.

Quipt Home Medical (NASDAQ:QIPT) last announced its quarterly earnings results on Monday, December 16th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.08). Quipt Home Medical had a negative net margin of 1.95% and a negative return on equity of 4.51%. Analysts expect that Quipt Home Medical Corp. will post -0.1 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Forager Capital Management LLC lifted its holdings in shares of Quipt Home Medical by 77.7% during the 3rd quarter. Forager Capital Management LLC now owns 4,192,562 shares of the company’s stock valued at $12,200,000 after purchasing an additional 1,833,590 shares in the last quarter. Royce & Associates LP raised its holdings in Quipt Home Medical by 15.8% during the 3rd quarter. Royce & Associates LP now owns 1,768,789 shares of the company’s stock worth $5,165,000 after buying an additional 240,980 shares during the period. Franklin Resources Inc. lifted its stake in Quipt Home Medical by 8.7% in the third quarter. Franklin Resources Inc. now owns 740,785 shares of the company’s stock valued at $2,163,000 after buying an additional 59,441 shares in the last quarter. Verition Fund Management LLC boosted its holdings in shares of Quipt Home Medical by 207.5% in the third quarter. Verition Fund Management LLC now owns 78,950 shares of the company’s stock valued at $231,000 after buying an additional 53,275 shares during the period. Finally, Barclays PLC increased its position in shares of Quipt Home Medical by 79.2% during the third quarter. Barclays PLC now owns 87,425 shares of the company’s stock worth $256,000 after acquiring an additional 38,635 shares in the last quarter. 42.85% of the stock is owned by institutional investors and hedge funds.

Quipt Home Medical Company Profile

Quipt Home Medical Corp., through its subsidiaries, engages in the provision of durable and home medical equipment and supplies in the United States. The company offers nebulizers, oxygen concentrators, and CPAP and BiPAP units; traditional and non-traditional durable medical respiratory equipment and services; non-invasive ventilation equipment, supplies, and services; and engages in the rental of medical equipment.