Kanen Wealth Management LLC Acquires Shares of 1,425,012 Quipt Home Medical Corp. (NASDAQ:QIPT)

Kanen Wealth Management LLC purchased a new stake in shares of Quipt Home Medical Corp. (NASDAQ:QIPT) in the fourth quarter, Holdings Channel reports. The firm 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 largest position.

A number of other hedge funds have also bought and sold shares of the business. Hsbc Holdings PLC grew its stake in Quipt Home Medical by 10.4% in the 2nd quarter. Hsbc Holdings PLC now owns 52,522 shares of the company’s stock valued at $165,000 after purchasing an additional 4,969 shares during the period. State Street Corp boosted its holdings in shares of Quipt Home Medical by 1.0% in the 3rd quarter. State Street Corp now owns 621,388 shares of the company’s stock worth $1,814,000 after buying an additional 6,317 shares during the last quarter. Rhumbline Advisers grew its position in Quipt Home Medical by 21.0% during the second quarter. Rhumbline Advisers now owns 49,276 shares of the company’s stock valued at $159,000 after buying an additional 8,541 shares during the period. Jane Street Group LLC increased its holdings in Quipt Home Medical by 28.5% during the third quarter. Jane Street Group LLC now owns 41,926 shares of the company’s stock worth $122,000 after buying an additional 9,290 shares during the last quarter. Finally, ProShare Advisors LLC bought a new stake in Quipt Home Medical in the second quarter worth about $35,000. 42.85% of the stock is currently owned by institutional investors.

Insider Activity at Quipt Home Medical

In other Quipt Home Medical news, VP Patrick Dennis Gamble acquired 17,000 shares of the business’s stock in a transaction that occurred on 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 acquisition, the vice president now owns 40,057 shares in the company, valued at approximately $98,139.65. This represents a 73.73 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.20% of the stock is currently owned by company insiders.

Quipt Home Medical Price Performance

Quipt Home Medical stock opened at $3.02 on Monday. The firm has a 50 day moving average price of $2.72 and a 200-day moving average price of $2.89. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.20 and a quick ratio of 0.86. Quipt Home Medical Corp. has a twelve month low of $2.30 and a twelve month high of $4.99.

Quipt Home Medical (NASDAQ:QIPT) last released its earnings results on Monday, December 16th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.08). Quipt Home Medical had a negative return on equity of 6.18% and a negative net margin of 2.66%. On average, sell-side analysts predict that Quipt Home Medical Corp. will post -0.15 EPS 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.