Qumu Corporation (QUMU) Major Shareholder Harbert Discovery Fund Gp, Llc Acquires 156,709 Shares
Qumu Corporation (NASDAQ:QUMU) major shareholder Harbert Discovery Fund Gp, Llc purchased 156,709 shares of the stock in a transaction dated Friday, November 3rd. The shares were acquired at an average price of $2.44 per share, with a total value of $382,369.96. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Qumu Corporation (NASDAQ QUMU) traded down $0.12 during trading hours on Friday, hitting $2.40. 51,843 shares of the stock traded hands, compared to its average volume of 30,619.
Qumu Corporation (NASDAQ:QUMU) last issued its quarterly earnings results on Tuesday, August 1st. The technology company reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.04. Qumu Corporation had a negative net margin of 28.91% and a negative return on equity of 53.51%. The company had revenue of $6.65 million during the quarter, compared to analysts’ expectations of $7.06 million. During the same quarter in the previous year, the company earned ($0.46) EPS. Qumu Corporation’s revenue was up 2.0% on a year-over-year basis. equities research analysts expect that Qumu Corporation will post -0.87 earnings per share for the current year.
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Separately, Zacks Investment Research cut shares of Qumu Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th.
A number of hedge funds and other institutional investors have recently modified their holdings of QUMU. Bank of New York Mellon Corp grew its holdings in Qumu Corporation by 76.6% during the first quarter. Bank of New York Mellon Corp now owns 51,862 shares of the technology company’s stock valued at $146,000 after purchasing an additional 22,501 shares during the period. Renaissance Technologies LLC grew its holdings in Qumu Corporation by 1.1% during the first quarter. Renaissance Technologies LLC now owns 642,100 shares of the technology company’s stock valued at $1,811,000 after purchasing an additional 6,741 shares during the period. Finally, Northern Trust Corp grew its holdings in Qumu Corporation by 9.6% during the second quarter. Northern Trust Corp now owns 35,745 shares of the technology company’s stock valued at $104,000 after purchasing an additional 3,144 shares during the period. Hedge funds and other institutional investors own 24.76% of the company’s stock.
Qumu Corporation Company Profile
Qumu Corporation (Qumu) is an enterprise video content management software company. The Company is engaged in providing tools businesses need to create, manage, secure, deliver and measure their videos. The Company operates through the enterprise video content management software business segment. Its video content management software solutions allow organizations to create, capture, organize and deliver content across the extended enterprise to a range of end points, including mobile devices and thick or thin clients.
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