QAD Inc. (NASDAQ:QADA) Sees Significant Growth in Short Interest
QAD Inc. (NASDAQ:QADA) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 174,000 shares, a growth of 6.9% from the April 30th total of 162,800 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 59,900 shares, the days-to-cover ratio is currently 2.9 days.
In other news, CFO Daniel Lender sold 2,570 shares of the stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $42.85, for a total transaction of $110,124.50. Following the transaction, the chief financial officer now directly owns 188,466 shares in the company, valued at approximately $8,075,768.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Pamela M. Lopker sold 3,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $49.78, for a total value of $149,340.00. Following the transaction, the president now owns 4,236,945 shares in the company, valued at $210,915,122.10. The disclosure for this sale can be found here. Insiders have sold a total of 65,989 shares of company stock worth $2,757,777 over the last quarter. Corporate insiders own 51.83% of the company’s stock.
Several hedge funds have recently modified their holdings of QADA. Marshall Wace North America L.P. bought a new stake in shares of QAD in the 1st quarter worth approximately $41,000. Cubist Systematic Strategies LLC grew its position in shares of QAD by 360.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 920 shares of the software maker’s stock worth $47,000 after buying an additional 720 shares during the last quarter. Great West Life Assurance Co. Can bought a new stake in shares of QAD in the 4th quarter worth approximately $51,000. Bank of Montreal Can grew its position in shares of QAD by 49.8% in the 4th quarter. Bank of Montreal Can now owns 1,447 shares of the software maker’s stock worth $74,000 after buying an additional 481 shares during the last quarter. Finally, Citigroup Inc. grew its position in shares of QAD by 37.5% in the 1st quarter. Citigroup Inc. now owns 3,497 shares of the software maker’s stock worth $140,000 after buying an additional 953 shares during the last quarter. Hedge funds and other institutional investors own 49.33% of the company’s stock.
QADA opened at $41.95 on Friday. The stock’s 50 day simple moving average is $41.25 and its 200 day simple moving average is $46.58. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 1.40. QAD has a 1 year low of $28.21 and a 1 year high of $54.54. The firm has a market cap of $861.05 million, a price-to-earnings ratio of -50.54 and a beta of 1.01.
QAD (NASDAQ:QADA) last issued its quarterly earnings data on Wednesday, March 18th. The software maker reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.08). The business had revenue of $78.60 million during the quarter, compared to the consensus estimate of $78.73 million. QAD had a negative return on equity of 3.95% and a negative net margin of 5.13%. QAD’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. As a group, sell-side analysts anticipate that QAD will post -0.34 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 22nd were given a $0.072 dividend. The ex-dividend date was Tuesday, April 21st. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.69%. QAD’s dividend payout ratio is currently -36.71%.
QAD Inc provides enterprise software solutions for manufacturing companies in the automotive, life sciences, consumer products, food and beverage, high technology, and industrial products industries worldwide. The company offers QAD Enterprise Applications, an integrated suite of software applications, which support the core business processes.
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