Pacific Ridge Capital Partners LLC increased its holdings in Quantum Corp (NYSE:QTM) by 30.8% in the 4th quarter, HoldingsChannel reports. The fund owned 882,753 shares of the technology company’s stock after buying an additional 208,080 shares during the quarter. Quantum accounts for about 1.3% of Pacific Ridge Capital Partners LLC’s investment portfolio, making the stock its 22nd biggest position. Pacific Ridge Capital Partners LLC’s holdings in Quantum were worth $4,970,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. OppenheimerFunds Inc. bought a new stake in Quantum during the 4th quarter valued at about $284,000. Systematic Financial Management LP bought a new stake in Quantum during the 4th quarter valued at about $1,342,000. Wells Fargo & Company MN increased its stake in Quantum by 14.3% during the 4th quarter. Wells Fargo & Company MN now owns 1,239,536 shares of the technology company’s stock valued at $6,979,000 after purchasing an additional 154,970 shares in the last quarter. PenderFund Capital Management Ltd. bought a new stake in Quantum during the 4th quarter valued at about $4,440,000. Finally, Dupont Capital Management Corp bought a new stake in Quantum during the 4th quarter valued at about $895,000. Institutional investors own 64.16% of the company’s stock.
A number of analysts have weighed in on the stock. ValuEngine upgraded shares of Quantum from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. Zacks Investment Research lowered shares of Quantum from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 7th.
Shares of Quantum Corp (NYSE:QTM) opened at $3.94 on Friday. Quantum Corp has a 12 month low of $3.42 and a 12 month high of $9.20. The firm has a market cap of $136.27, a PE ratio of -16.42, a price-to-earnings-growth ratio of 2.46 and a beta of 2.17. The company has a debt-to-equity ratio of -0.57, a quick ratio of 0.56 and a current ratio of 0.78.
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Quantum Corporation focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company’s end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity.
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