Lone Star Value Management LLC
recently revealed that they own a 2.5% stake in Digirad Corporation (NASDAQ:DRAD) in a Schedule 13D/A disclosure that was filed with the SEC on Thursday, September 14th. The investor owns 506,652 shares of the stock worth about $1,798,615. The reporting parties listed on the disclosure included Lone Star Value Investors, LP, Lone Star Value Investors Gp, LLC, Lone Star Value Management, LLC and Jeffrey E Eberwein. The disclosure is available through Edgar at this hyperlink.
Other hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in shares of Digirad Corporation by 5.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,463 shares of the medical equipment provider’s stock worth $183,000 after purchasing an additional 1,640 shares during the last quarter. ARS Investment Partners LLC lifted its position in shares of Digirad Corporation by 3.4% during the 2nd quarter. ARS Investment Partners LLC now owns 667,026 shares of the medical equipment provider’s stock worth $2,701,000 after purchasing an additional 22,233 shares during the last quarter. LSV Asset Management purchased a new stake in shares of Digirad Corporation during the 1st quarter worth $120,000. Punch & Associates Investment Management Inc. lifted its position in shares of Digirad Corporation by 2.3% during the 2nd quarter. Punch & Associates Investment Management Inc. now owns 1,277,781 shares of the medical equipment provider’s stock worth $5,175,000 after purchasing an additional 28,159 shares during the last quarter. Finally, Cadence Capital Management LLC lifted its position in shares of Digirad Corporation by 17.6% during the 1st quarter. Cadence Capital Management LLC now owns 196,120 shares of the medical equipment provider’s stock worth $1,039,000 after purchasing an additional 29,415 shares during the last quarter. 53.06% of the stock is owned by institutional investors.
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Digirad Corporation (DRAD) traded down 3.521% during midday trading on Thursday, hitting $3.425. 52,645 shares of the stock traded hands. Digirad Corporation has a one year low of $3.40 and a one year high of $5.68. The company’s market cap is $68.42 million. The company’s 50-day moving average is $3.76 and its 200-day moving average is $4.38.
Digirad Corporation (NASDAQ:DRAD) last released its quarterly earnings data on Friday, August 4th. The medical equipment provider reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.05. Digirad Corporation had a negative net margin of 2.60% and a positive return on equity of 8.58%. The company had revenue of $29.79 million during the quarter, compared to analyst estimates of $30.87 million. Equities research analysts expect that Digirad Corporation will post $0.17 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Friday, August 18th were given a $0.055 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.22 annualized dividend and a dividend yield of 6.20%. This is a positive change from Digirad Corporation’s previous quarterly dividend of $0.05. Digirad Corporation’s dividend payout ratio is presently -146.66%.
Several equities research analysts have recently issued reports on the stock. B. Riley reaffirmed a “buy” rating and set a $6.40 price objective on shares of Digirad Corporation in a research report on Monday, July 31st. Zacks Investment Research raised shares of Digirad Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 3rd.
About Digirad Corporation
Digirad Corporation provides healthcare solutions. The Company’s segments include Diagnostic Services, Mobile Healthcare, Diagnostic Imaging and Medical Device Sales and Services. Through Diagnostic Services, the Company offers an imaging services program as an alternative to purchasing equipment or outsourcing the procedures to another physician or imaging center.
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