Emerald Acquisition Ltd. acquired a new stake in Datalink Corp. (NASDAQ:DTLK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 79,255 shares of the company’s stock, valued at approximately $595,000. Emerald Acquisition Ltd. owned approximately 0.35% of Datalink Corp. as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in Datalink Corp. by 2.8% in the first quarter. Wellington Management Group LLP now owns 3,203,731 shares of the company’s stock valued at $29,282,000 after buying an additional 88,043 shares during the last quarter. Acadian Asset Management LLC increased its position in Datalink Corp. by 301.2% in the second quarter. Acadian Asset Management LLC now owns 446,960 shares of the company’s stock valued at $3,352,000 after buying an additional 335,547 shares during the last quarter. Bank of Montreal Can purchased a new position in Datalink Corp. during the second quarter valued at approximately $1,055,000. Geode Capital Management LLC increased its position in Datalink Corp. by 8.8% in the first quarter. Geode Capital Management LLC now owns 132,091 shares of the company’s stock valued at $1,206,000 after buying an additional 10,665 shares during the last quarter. Finally, Chicago Equity Partners LLC purchased a new position in Datalink Corp. during the second quarter valued at approximately $709,000. Institutional investors own 73.07% of the company’s stock.
Shares of Datalink Corp. (NASDAQ:DTLK) traded down 1.16% on Monday, hitting $10.25. The stock had a trading volume of 15,853 shares. Datalink Corp. has a 12-month low of $6.09 and a 12-month high of $10.99. The firm has a market cap of $226.86 million, a price-to-earnings ratio of 30.06 and a beta of 1.37. The stock has a 50 day moving average of $10.33 and a 200 day moving average of $9.01.
Datalink Corp. (NASDAQ:DTLK) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.06. The firm earned $199.20 million during the quarter, compared to the consensus estimate of $186.59 million. Datalink Corp. had a net margin of 0.97% and a return on equity of 5.59%. During the same quarter last year, the firm earned $0.12 earnings per share. Equities analysts predict that Datalink Corp. will post $0.65 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded Datalink Corp. from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Wednesday, August 3rd.
Datalink Corp. Company Profile
Datalink Corporation is a provider of information technology (IT) services and solutions. The Company provides a full life cycle of services, including consulting, strategy, design, deploy, manage and support. The Company leverages technology from the original equipment manufacturers (OEMs) as part of its IT solutions portfolio.
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