Insider Buying: Quipt Home Medical Corp. (NASDAQ:QIPT) VP Acquires $41,650.00 in Stock

Quipt Home Medical Corp. (NASDAQ:QIPT) VP Patrick Dennis Gamble bought 17,000 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were acquired at an average price of $2.45 per share, for a total transaction of $41,650.00. Following the acquisition, the vice president now directly owns 40,057 shares of the company’s stock, valued at approximately $98,139.65. The trade was a 73.73 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Quipt Home Medical Stock Up 8.9 %

Shares of NASDAQ QIPT opened at $3.05 on Thursday. The company has a quick ratio of 0.77, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. The company has a market cap of $131.43 million, a price-to-earnings ratio of -27.73 and a beta of 0.62. Quipt Home Medical Corp. has a 12-month low of $2.30 and a 12-month high of $5.26. The firm’s 50-day simple moving average is $2.64 and its 200 day simple moving average is $2.91.

Quipt Home Medical (NASDAQ:QIPT) last released its quarterly earnings results on Monday, December 16th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate 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 expect that Quipt Home Medical Corp. will post -0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Quipt Home Medical

A number of institutional investors and hedge funds have recently made changes to their positions in QIPT. ProShare Advisors LLC acquired a new stake in Quipt Home Medical in the second quarter worth about $35,000. SG Americas Securities LLC acquired a new stake in shares of Quipt Home Medical during the 3rd quarter worth approximately $44,000. Atom Investors LP bought a new stake in shares of Quipt Home Medical during the third quarter worth approximately $51,000. XTX Topco Ltd bought a new stake in shares of Quipt Home Medical during the third quarter worth approximately $54,000. Finally, JPMorgan Chase & Co. lifted its holdings in Quipt Home Medical by 68.7% in the third quarter. JPMorgan Chase & Co. now owns 30,403 shares of the company’s stock valued at $89,000 after buying an additional 12,383 shares during the period. 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.