Several other hedge funds have also modified their holdings of DRAD. Algert Global LLC purchased a new position in shares of Digirad Corporation during the third quarter valued at about $140,000. Spark Investment Management LLC raised its position in shares of Digirad Corporation by 204.3% in the third quarter. Spark Investment Management LLC now owns 42,900 shares of the company’s stock valued at $218,000 after buying an additional 28,800 shares during the period. Hillsdale Investment Management Inc. raised its position in shares of Digirad Corporation by 11.9% in the second quarter. Hillsdale Investment Management Inc. now owns 75,280 shares of the company’s stock valued at $388,000 after buying an additional 8,000 shares during the period. Bank of New York Mellon Corp raised its position in shares of Digirad Corporation by 13.3% in the second quarter. Bank of New York Mellon Corp now owns 81,374 shares of the company’s stock valued at $418,000 after buying an additional 9,568 shares during the period. Finally, Granite Investment Partners LLC raised its position in shares of Digirad Corporation by 6.2% in the third quarter. Granite Investment Partners LLC now owns 291,851 shares of the company’s stock valued at $1,488,000 after buying an additional 16,933 shares during the period. Institutional investors own 58.86% of the company’s stock.
Cadence Capital Management LLC raised its stake in shares of Digirad Corporation (NASDAQ:DRAD) by 2.5% during the fourth quarter, Holdings Channel reports. The fund owned 166,705 shares of the company’s stock after buying an additional 4,129 shares during the period. Cadence Capital Management LLC owned approximately 0.85% of Digirad Corporation worth $834,000 as of its most recent SEC filing.
Shares of Digirad Corporation (NASDAQ:DRAD) traded down 2.02% during trading on Monday, reaching $4.85. 9,551 shares of the company were exchanged. The firm has a market cap of $95.44 million, a price-to-earnings ratio of 7.40 and a beta of 1.56. Digirad Corporation has a 52-week low of $4.15 and a 52-week high of $6.15. The stock’s 50-day moving average is $5.02 and its 200-day moving average is $4.94.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 28th. Stockholders of record on Wednesday, February 15th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Monday, February 13th. Digirad Corporation’s dividend payout ratio is currently 30.77%.
Several brokerages have recently issued reports on DRAD. B. Riley reissued a “buy” rating and issued a $6.70 price target on shares of Digirad Corporation in a report on Tuesday, November 1st. Zacks Investment Research lowered shares of Digirad Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, November 1st.
In other news, insider Virgil Lott sold 40,000 shares of the business’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $4.40, for a total transaction of $176,000.00. Following the completion of the sale, the insider now directly owns 94,909 shares of the company’s stock, valued at $417,599.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.50% of the stock is currently owned by insiders.
Digirad Corporation Company Profile
Digirad Corporation is a provider of diagnostic solutions. The Company’s business is organized into two segments: Diagnostic Services and Diagnostic Imaging. The Company provides in-office nuclear cardiology and ultrasound imaging services. It also provides cardiac event monitoring services to physician practices, hospitals and imaging centers through its Diagnostic Services business segment.
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