Frigate Ventures Lp buys $2,001,961 stake in Quantum Corp (QTM)

Quantum Corp (QTM) : Frigate Ventures Lp scooped up 405,000 additional shares in Quantum Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 3,416,316 shares of Quantum Corp which is valued at $2,001,961.Quantum Corp makes up approximately 0.73% of Frigate Ventures Lp’s portfolio.

Other Hedge Funds, Including , Marshall Sullivan Inc Wa reduced its stake in QTM by selling 80 shares or 1.96% in the most recent quarter. The Hedge Fund company now holds 4,000 shares of QTM which is valued at $2,344. Rhumbline Advisers sold out all of its stake in QTM during the most recent quarter. The investment firm sold 338,253 shares of QTM which is valued $198,216. State Board Of Administration Of Florida Retirement System sold out all of its stake in QTM during the most recent quarter. The investment firm sold 229,870 shares of QTM which is valued $140,221.Gsa Capital Partners Llp reduced its stake in QTM by selling 31,265 shares or 5.17% in the most recent quarter. The Hedge Fund company now holds 573,280 shares of QTM which is valued at $349,701. Quantum Corp makes up approx 0.02% of Gsa Capital Partners Llp’s portfolio.

Quantum Corp opened for trading at $0.592 and hit $0.62 on the upside on Monday, eventually ending the session at $0.6198, with a gain of 5.52% or 0.0324 points. The heightened volatility saw the trading volume jump to 4,21,631 shares. Company has a market cap of $167 M.

On the company’s financial health, Quantum Corp reported $0.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 10, 2016. Analyst had a consensus of $0.03. The company had revenue of $120.00 million for the quarter, compared to analysts expectations of $120.10 million. The company’s revenue was down -18.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.06 EPS.

Quantum Corporation (Quantum) is engaged in providing solutions in scale-out storage archive and data protection. The Company provides solutions for capturing sharing and preserving digital assets over the entire data lifecycle. The Company provides solutions for storing and protecting information in physical virtual and cloud environments. The Company’s scale-out storage portfolio includes StorNext software appliances and systems called StorNext Pro Solutions as well as Lattus extended online storage and Q-Cloud Archive services. StorNext 5 includes the streaming file system and policy-based tiering for automatically moving data across primary storage online storage tape archive and the cloud. The Company has portfolio of data protection solutions for physical virtual and cloud environments. This includes its DXi deduplication systems Scalar automated tape libraries and vmPRO virtual server backup software. It offers a Q-Cloud service for data center customers.

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