Today, Smith Asset Management Group LP Buys Shares of 140,320 Datalink Corp. (DTLK)

Today, Smith Asset Management Group LP Buys Shares of 140,320 Datalink Corp. (DTLK)
Smith Asset Management Group LP acquired a new stake in shares of Datalink Corp. (NASDAQ:DTLK) during the third quarter, Holdings Channel reports. The firm acquired 140,320 shares of the company’s stock, valued at approximately $1,489,000. Smith Asset Management Group LP owned 0.63% of Datalink Corp. at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Numeric Investors LLC raised its position in Datalink Corp. by 1,078.3% in the second quarter. Numeric Investors LLC now owns 713,932 shares of the company’s stock valued at $5,354,000 after buying an additional 653,343 shares during the period. Acadian Asset Management LLC raised 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 period. Mckinley Capital Management LLC Delaware acquired a new position in Datalink Corp. during the second quarter valued at $1,633,000. JPMorgan Chase & Co. purchased a new stake in Datalink Corp. during the second quarter worth approximately $1,357,000. Finally, Bank of Montreal Can purchased a new stake in Datalink Corp. during the second quarter worth approximately $1,055,000. Institutional investors own 72.79% of the company’s stock.

Datalink Corp. (NASDAQ:DTLK) traded down 0.09% during mid-day trading on Friday, reaching $11.18. 51,973 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $10.51 and a 200-day moving average price of $9.37. The stock has a market cap of $250.66 million, a P/E ratio of 36.90 and a beta of 0.95. Datalink Corp. has a 52 week low of $6.13 and a 52 week high of $11.23.

Datalink Corp. (NASDAQ:DTLK) last released its quarterly earnings results on Monday, November 7th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.06. Datalink Corp. had a net margin of 0.89% and a return on equity of 3.89%. The business earned $183.97 million during the quarter, compared to the consensus estimate of $191.98 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, analysts forecast that Datalink Corp. will post $0.58 earnings per share for the current year.

A number of analysts have commented on DTLK shares. Needham & Company LLC lowered shares of Datalink Corp. from a “buy” rating to a “hold” rating in a research note on Monday, November 7th. Zacks Investment Research raised shares of Datalink Corp. from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Wednesday, August 3rd. Finally, Canaccord Genuity lowered shares of Datalink Corp. from a “buy” rating to a “hold” rating and set a $11.25 price objective for the company. in a research note on Tuesday, November 8th.

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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