Kanen Wealth Management LLC Invests $4.35 Million in Quipt Home Medical Corp. (NASDAQ:QIPT)

Kanen Wealth Management LLC bought a new position in Quipt Home Medical Corp. (NASDAQ:QIPT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,425,012 shares of the company's stock, valued at approximately $4,346,000. Quipt Home Medical makes up approximately 1.6% of Kanen Wealth Management LLC's portfolio, making the stock its 13th biggest holding. Kanen Wealth Management LLC owned 3.31% of Quipt Home Medical at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of QIPT. ProShare Advisors LLC bought a new position in Quipt Home Medical in the 2nd quarter worth about $35,000. SG Americas Securities LLC purchased a new position in Quipt Home Medical in the third quarter worth about $44,000. Atom Investors LP bought a new position in shares of Quipt Home Medical in the third quarter worth approximately $51,000. XTX Topco Ltd purchased a new stake in shares of Quipt Home Medical during the third quarter valued at approximately $54,000. Finally, JPMorgan Chase & Co. increased its position in shares of Quipt Home Medical by 68.7% during the third quarter. JPMorgan Chase & Co. now owns 30,403 shares of the company's stock valued at $89,000 after acquiring an additional 12,383 shares in the last quarter. 42.85% of the stock is owned by hedge funds and other institutional investors.

Quipt Home Medical Stock Up 3.1 %

QIPT stock traded up $0.09 during midday trading on Monday, hitting $3.02. The company's stock had a trading volume of 243,799 shares, compared to its average volume of 318,725. The firm's 50-day moving average is $2.72 and its 200-day moving average is $2.89. The company has a current ratio of 1.20, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73. Quipt Home Medical Corp. has a 12 month low of $2.30 and a 12 month high of $4.99. The company has a market cap of $130.13 million, a PE ratio of -20.13 and a beta of 0.56.

Quipt Home Medical (NASDAQ:QIPT - Get Free Report) last announced its quarterly 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 2.66% and a negative return on equity of 6.18%. On average, equities research analysts forecast that Quipt Home Medical Corp. will post -0.15 earnings per share for the current fiscal year.

Insider Transactions at Quipt Home Medical

In other news, VP Patrick Dennis Gamble bought 17,000 shares of the stock in a transaction on Thursday, December 26th. The shares were bought at an average price of $2.45 per share, with a total value of $41,650.00. Following the completion of the acquisition, the vice president now owns 40,057 shares in the company, valued at $98,139.65. The trade was a 73.73 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.20% of the company's stock.

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.