Acadian Asset Management LLC Lowers Position in Data Storage Co. (NASDAQ:DTST)

Acadian Asset Management LLC decreased its stake in Data Storage Co. (NASDAQ:DTST) by 59.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,637 shares of the company’s stock after selling 21,594 shares during the quarter. Acadian Asset Management LLC owned approximately 0.21% of Data Storage worth $96,000 as of its most recent SEC filing.

Separately, Perritt Capital Management Inc. increased its holdings in Data Storage by 229.1% in the 1st quarter. Perritt Capital Management Inc. now owns 27,649 shares of the company’s stock worth $158,000 after acquiring an additional 19,247 shares in the last quarter. Institutional investors own 11.56% of the company’s stock.

Data Storage Trading Down 2.3 %

NASDAQ DTST opened at $3.75 on Friday. The stock has a market cap of $26.14 million, a price-to-earnings ratio of 41.67 and a beta of 0.73. Data Storage Co. has a 12 month low of $2.62 and a 12 month high of $8.00. The company’s 50 day moving average is $4.45 and its two-hundred day moving average is $5.51.

Data Storage (NASDAQ:DTST) last released its earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.07). Data Storage had a net margin of 0.86% and a return on equity of 1.08%. The firm had revenue of $4.91 million for the quarter.

Data Storage Profile

Data Storage Corporation provides data management and cloud solutions in the United States and internationally. It offers a suite of multi-cloud IT solutions, including cyber security solutions, which comprise ezSecurity, a security solution for endpoint security, system assessments, and risk analysis, as well as IBM system protection, including Ransomware defense.