1,425,012 Shares in Quipt Home Medical Corp. (NASDAQ:QIPT) Bought by Kanen Wealth Management LLC

Kanen Wealth Management LLC purchased a new stake in shares of Quipt Home Medical Corp. (NASDAQ:QIPT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,425,012 shares of the company’s stock, valued at approximately $4,346,000. Quipt Home Medical comprises about 1.6% of Kanen Wealth Management LLC’s portfolio, making the stock its 13th biggest holding. Kanen Wealth Management LLC owned about 3.31% of Quipt Home Medical as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Forager Capital Management LLC grew its stake in Quipt Home Medical by 77.7% during the third quarter. Forager Capital Management LLC now owns 4,192,562 shares of the company’s stock worth $12,200,000 after purchasing an additional 1,833,590 shares during the period. Royce & Associates LP grew its position in shares of 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. increased its stake in shares of Quipt Home Medical by 8.7% in the 3rd quarter. Franklin Resources Inc. now owns 740,785 shares of the company’s stock valued at $2,163,000 after acquiring an additional 59,441 shares in the last quarter. Verition Fund Management LLC lifted its position in shares of Quipt Home Medical by 207.5% during the 3rd quarter. Verition Fund Management LLC now owns 78,950 shares of the company’s stock valued at $231,000 after acquiring an additional 53,275 shares during the period. Finally, Barclays PLC boosted its stake in 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.

Insider Transactions at Quipt Home Medical

In other Quipt Home Medical news, VP Patrick Dennis Gamble acquired 17,000 shares of Quipt Home Medical stock in a transaction dated Thursday, December 26th. The stock was purchased at an average cost of $2.45 per share, for a total transaction of $41,650.00. Following the completion of the acquisition, the vice president now directly owns 40,057 shares of the company’s stock, valued at $98,139.65. This represents a 73.73 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.20% of the stock is owned by insiders.

Quipt Home Medical Stock Up 3.1 %

QIPT opened at $3.02 on Monday. The company has a fifty day moving average price of $2.72 and a two-hundred day moving average price of $2.89. The company has a quick ratio of 0.86, a current ratio of 1.20 and a debt-to-equity ratio of 0.73. 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 earnings results on Monday, December 16th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.08). Quipt Home Medical had a negative net margin of 2.66% and a negative return on equity of 6.18%. Analysts expect that Quipt Home Medical Corp. will post -0.15 earnings per share for the current year.

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.