Jane Street Group LLC Buys 9,290 Shares of Quipt Home Medical Corp. (NASDAQ:QIPT)

Jane Street Group LLC raised its stake in Quipt Home Medical Corp. (NASDAQ:QIPT) by 28.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 41,926 shares of the company’s stock after purchasing an additional 9,290 shares during the quarter. Jane Street Group LLC owned 0.10% of Quipt Home Medical worth $122,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Royce & Associates LP increased its stake in shares of Quipt Home Medical by 15.8% in the third 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. State Street Corp increased its position in shares of Quipt Home Medical by 1.0% in the third quarter. State Street Corp now owns 621,388 shares of the company’s stock valued at $1,814,000 after acquiring an additional 6,317 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Quipt Home Medical by 32.8% during the second quarter. Bank of New York Mellon Corp now owns 129,738 shares of the company’s stock valued at $418,000 after acquiring an additional 32,073 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of Quipt Home Medical by 207.5% during the third quarter. Verition Fund Management LLC now owns 78,950 shares of the company’s stock worth $231,000 after purchasing an additional 53,275 shares during the period. Finally, Hsbc Holdings PLC grew its stake in shares of Quipt Home Medical by 10.4% in the second quarter. Hsbc Holdings PLC now owns 52,522 shares of the company’s stock worth $165,000 after purchasing an additional 4,969 shares during the last quarter. Hedge funds and other institutional investors own 42.85% of the company’s stock.

Insider Activity at Quipt Home Medical

In related news, VP Patrick Dennis Gamble bought 17,000 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was purchased at an average cost of $2.45 per share, with a total value of $41,650.00. Following the transaction, the vice president now owns 40,057 shares in the company, valued at approximately $98,139.65. This trade represents a 73.73 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.20% of the stock is currently owned by company insiders.

Quipt Home Medical Stock Down 0.3 %

Shares of NASDAQ:QIPT opened at $3.05 on Wednesday. The stock’s 50-day moving average is $2.71 and its 200 day moving average is $2.89. The company has a market cap of $131.43 million, a PE ratio of -27.73 and a beta of 0.56. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 0.77. Quipt Home Medical Corp. has a 1 year low of $2.30 and a 1 year high of $4.99.

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

About Quipt Home Medical

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.