Pacific Ridge Capital Partners LLC reduced its position in Quantum Corp (NYSE:QTM) by 10.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 858,471 shares of the technology company’s stock after selling 98,868 shares during the period. Pacific Ridge Capital Partners LLC owned approximately 2.48% of Quantum worth $2,060,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PenderFund Capital Management Ltd. lifted its stake in shares of Quantum by 5.1% in the 3rd quarter. PenderFund Capital Management Ltd. now owns 584,183 shares of the technology company’s stock valued at $1,889,000 after purchasing an additional 28,134 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Quantum by 2.2% in the 3rd quarter. Wells Fargo & Company MN now owns 1,518,863 shares of the technology company’s stock valued at $3,645,000 after purchasing an additional 32,832 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Quantum by 782.4% in the 1st quarter. Royal Bank of Canada now owns 44,289 shares of the technology company’s stock valued at $161,000 after purchasing an additional 39,270 shares in the last quarter. Wagner Bowman Management Corp acquired a new position in shares of Quantum in the 3rd quarter valued at about $103,000. Finally, GSA Capital Partners LLP lifted its stake in shares of Quantum by 33.7% in the 3rd quarter. GSA Capital Partners LLP now owns 258,705 shares of the technology company’s stock valued at $621,000 after purchasing an additional 65,200 shares in the last quarter. 53.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:QTM opened at $2.18 on Friday. Quantum Corp has a one year low of $1.58 and a one year high of $6.56.
ILLEGAL ACTIVITY NOTICE: This report was first published by American Banking News and is owned by of American Banking News. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://www.americanbankingnews.com/2018/12/08/quantum-corp-qtm-shares-sold-by-pacific-ridge-capital-partners-llc.html.
Quantum Company Profile
Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses and multi-national enterprises in the Americas, Europe, and the Asia Pacific. The company offers StorNext 5 software and hardware that offer file sharing and archiving in purpose-built configurations of metadata controllers, expansion appliances, and disk and archive enabled libraries; Xcellis product, which optimizes workflow and shared access by combining functions into a compact, space, and energy-saving solution; and Lattus Object Storage solutions that enable high volumes of data to be available to extract valuable information.
Featured Article: Systematic Risk and Investors
Want to see what other hedge funds are holding QTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quantum Corp (NYSE:QTM).
Receive News & Ratings for Quantum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quantum and related companies with MarketBeat.com's FREE daily email newsletter.