Pacific Ridge Capital Partners buys $3.9 Million stake in Datalink Corporation (DTLK)

Datalink Corporation (DTLK) : Pacific Ridge Capital Partners scooped up 1,460 additional shares in Datalink Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 487,460 shares of Datalink Corporation which is valued at $3.9 Million.Datalink Corporation makes up approximately 1.78% of Pacific Ridge Capital Partners’s portfolio.

Other Hedge Funds, Including , Geode Capital Management boosted its stake in DTLK in the latest quarter, The investment management firm added 10,665 additional shares and now holds a total of 132,091 shares of Datalink Corporation which is valued at $1.1 Million.Blackrock Institutional Trust Company N.a. reduced its stake in DTLK by selling 17,779 shares or 2.19% in the most recent quarter. The Hedge Fund company now holds 793,646 shares of DTLK which is valued at $6.4 Million.Alambic Investment Management boosted its stake in DTLK in the latest quarter, The investment management firm added 13,304 additional shares and now holds a total of 42,604 shares of Datalink Corporation which is valued at $351,057. Datalink Corporation makes up approx 0.11% of Alambic Investment Management’s portfolio.Globeflex Capital L P reduced its stake in DTLK by selling 52,740 shares or 99.81% in the most recent quarter. The Hedge Fund company now holds 103 shares of DTLK which is valued at $849.

Datalink Corporation closed down -0.11 points or -1.34% at $8.11 with 1,53,024 shares getting traded on Wednesday. Post opening the session at $8.23, the shares hit an intraday low of $8 and an intraday high of $8.32 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Datalink Corporation reported $0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $0.10. The company had revenue of $164.60 million for the quarter, compared to analysts expectations of $176.49 million. The company’s revenue was down -6.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.11 EPS.

Many Wall Street Analysts have commented on Datalink Corporation. Datalink Corporation was Downgraded by Craig Hallum to ” Hold” on Feb 25, 2016.

Datalink Corporation is engaged in accessing designing deploying managing and supporting infrastructures such as servers storage and networks. The Company provides solutions and services to data centers for changing business needs. It leverages hardware and software from original equipment manufacturers (OEMs) as part of its data center optimization offerings. The Company’s portfolio of solutions and services spans four practices: consolidation and virtualization data storage and protection advanced network infrastructures and business continuity and disaster recovery solutions. The Company offers a suite of consulting analysis design implementation management and support services. The Company’s physical laboratory enables customers to participate in physical demonstrations of a range of technologies including site-to-site replication data recovery wide area network (WAN) optimization de-duplication and virtual data center architectures.

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