Kovack Advisors Inc. Has $157,000 Stock Position in Quantum Co. (NASDAQ:QMCO)

Kovack Advisors Inc. boosted its stake in shares of Quantum Co. (NASDAQ:QMCO) by 33.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 263,901 shares of the company’s stock after buying an additional 66,191 shares during the period. Kovack Advisors Inc. owned approximately 0.28% of Quantum worth $157,000 as of its most recent filing with the SEC.

Separately, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Quantum by 151.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 64,066 shares of the company’s stock worth $39,000 after acquiring an additional 38,592 shares in the last quarter. Institutional investors and hedge funds own 63.66% of the company’s stock.

Quantum Stock Down 1.3 %

Shares of QMCO opened at $0.39 on Friday. Quantum Co. has a twelve month low of $0.24 and a twelve month high of $1.17. The company has a 50 day moving average of $0.47 and a 200-day moving average of $0.45.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer reaffirmed a “market perform” rating on shares of Quantum in a research note on Wednesday, April 17th.

Quantum Company Profile

Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Myriad All-Flash File and Object Storage Software for high performance enterprise unstructured data applications such as AI, machine learning, and data analytics; Unified Surveillance Platform Software that unified compute and storage for video surveillance recording, storage, and analytics; StorNext Hybrid Flash/Disk File Storage Software for video editing, post-production, and streaming applications, as well as digital file archives; and CatDV Asset Management Software for indexing, cataloging, enriching video, audio, and image files, and workflow orchestration.