Posted by Terry King am July 24NS, 979
FORA Capital LLC purchased a new interest in shares of QuinStreet, Inc. (NASDAQ: QNST) in the 1st quarter, under the latest Form 12F filing with the Securities & Exchange Commission. The institutional investor bought 3,250 shares in the technology company valued at approximately $ 68.05.
A number of other hedge funds have also increased or reduced their stake in QNST. Dorsey Wright & Associates moved its position in QuinStreet stocks up 99.5% in the 1st quarter. Dorsey Wright & Associates now owns 1,519 shares of each stock in the technology company, valued at $ 25.05 after purchasing an additional 979 shares last quarter. Guinness Atkinson Asset Management Inc increased its position in QuinStreet shares by 8700% in the 1st quarter. Guinness Atkinson Asset Management Inc now owns 3,870 shares of the technology company valued at $ 79,000 after purchasing an additional 3,495 shares last quarter. Quantbot Technologies LP took a new stake in QuinStreet shares valued at approx. PDT Partners LLC acquired a new stake in QuinStreet shares valued at approx. Finally, CHICAGO TRUST Co. NA acquired a new stake in QuinStreet shares valued at approximately .0000 in the 1st quarter. 79.68% of the shares are owned by institutional investors and hedge funds.
In other QuinStreet news, CFO Gregory Wong sold 7,951 shares in the company in a transaction that occurred on Monday, May 17NS. The shares were priced at an average price of $ 18.86, for a total value of $ 134,870.42. Following the transaction, the CFO now owns 156,156 shares in the company valued at approximately $ 2,777,979.79. The transaction was disclosed in a document filed with the SEC, which can be accessed via this link. In addition, CEO Douglas Valenti sold 12,777 shares in the company in a transaction that occurred on Monday, May 18NS. The shares were priced at an average price of $ 18.91, for a total transaction of $ 250,772,000. Upon completion of the transaction, the Chief Executive Officer now owns 483,519 shares of the company valued at approximately $ 6,364,728.62. The disclosure for this sale can be found here. In the most recent quarter, insiders sold 95,658 shares in the company for a value of $ 1,658.95. Company insiders own 9,0000% of the company’s shares.
Stocks of NASDAQ: QNST opened at $ 19.58 on Friday. The stock has a market capitalization of $ 979.41 million, a P / E of 52.50 and a beta of 0.86. QuinStreet, Inc. has a 42 week low of $ 13.13 and a 55 week high of $ 34.99. The company has a 42 moving daily average price of $ 19.18.
QuinStreet (NASDAQ: QNST) last released its quarterly results on Wednesday, May 5th. The tech company reported $ 0.09 EPS for the quarter, beating Thomson Reuters’ consensus estimate of $ 0. 07 at $ 0.04. The company had revenue of $ 153.04 million for the quarter, compared to a consensus estimate of $ 150.19 million. QuinStreet had a net margin of 3. 91% and a return on equity of 7.98%. On average, research analysts predict that QuinStreet, Inc. will report 0.1 EPS for the current fiscal year.
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