Insider Buying: Quipt Home Medical Corp. (NASDAQ:QIPT) VP Purchases 17,000 Shares of Stock

Quipt Home Medical Corp. (NASDAQ:QIPT) VP Patrick Dennis Gamble acquired 17,000 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were acquired 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 owns 40,057 shares of the company’s stock, valued at approximately $98,139.65. The trade was a 73.73 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Quipt Home Medical Stock Performance

Shares of NASDAQ QIPT traded up $0.20 during midday trading on Monday, hitting $2.80. The company’s stock had a trading volume of 438,191 shares, compared to its average volume of 194,691. The stock has a fifty day moving average price of $2.63 and a 200 day moving average price of $2.91. The firm has a market capitalization of $120.65 million, a price-to-earnings ratio of -25.45 and a beta of 0.62. Quipt Home Medical Corp. has a one year low of $2.30 and a one year high of $5.26. The company has a current ratio of 1.11, a quick ratio of 0.77 and a debt-to-equity ratio of 0.66.

Quipt Home Medical (NASDAQ:QIPT) last issued 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 net margin of 1.95% and a negative return on equity of 4.51%. On average, research analysts forecast that Quipt Home Medical Corp. will post -0.1 EPS for the current fiscal year.

Institutional Trading of Quipt Home Medical

A number of institutional investors have recently added to or reduced their stakes in the stock. Forager Capital Management LLC boosted its holdings in Quipt Home Medical by 77.7% in the 3rd quarter. Forager Capital Management LLC now owns 4,192,562 shares of the company’s stock valued at $12,200,000 after purchasing an additional 1,833,590 shares during the period. Royce & Associates LP grew its position in Quipt Home Medical by 15.8% during 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 in the last quarter. Franklin Resources Inc. increased its stake in Quipt Home Medical by 8.7% in the 3rd quarter. Franklin Resources Inc. now owns 740,785 shares of the company’s stock worth $2,163,000 after acquiring an additional 59,441 shares during the last quarter. State Street Corp boosted its position in shares of Quipt Home Medical by 1.0% during the 3rd 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 last quarter. Finally, Bank of New York Mellon Corp grew its holdings 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 worth $418,000 after purchasing an additional 32,073 shares in the last quarter. Hedge funds and other institutional investors own 42.85% of the company’s stock.

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.