Trading Report: The Digirad Corp. (DRAD) Posts Earnings Results, Misses Expectations By $0.03 EPS

The Digirad Corp. (DRAD) Posts  Earnings Results, Misses Expectations By $0.03 EPS

Digirad Corp. (NASDAQ:DRAD) posted its quarterly earnings results on Friday. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.03. Digirad Corp. had a net margin of 11.83% and a return on equity of 8.89%.

Shares of Digirad Corp. (NASDAQ:DRAD) opened at 4.50 on Monday. The stock has a market capitalization of $88.28 million, a PE ratio of 6.87 and a beta of 1.37. The firm has a 50-day moving average of $4.99 and a 200 day moving average of $5.25. Digirad Corp. has a 1-year low of $4.15 and a 1-year high of $6.92.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Thursday, November 17th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, November 15th. This represents a $0.20 annualized dividend and a yield of 4.44%. Digirad Corp.’s payout ratio is currently 30.77%.

A number of brokerages have recently weighed in on DRAD. B. Riley reissued a “buy” rating and set a $7.00 price objective on shares of Digirad Corp. in a research note on Thursday. Zacks Investment Research raised shares of Digirad Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 17th.

In related news, Director Jeffrey E. Eberwein purchased 28,482 shares of Digirad Corp. stock in a transaction dated Friday, August 19th. The stock was bought at an average cost of $5.00 per share, with a total value of $142,410.00. Following the purchase, the director now owns 12,500 shares in the company, valued at approximately $62,500. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jeffrey E. Eberwein purchased 5,625 shares of Digirad Corp. stock in a transaction dated Wednesday, September 14th. The stock was bought at an average cost of $5.00 per share, with a total value of $28,125.00. The disclosure for this purchase can be found here. 11.50% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of DRAD. JPMorgan Chase & Co. raised its stake in shares of Digirad Corp. by 437.2% in the second quarter. JPMorgan Chase & Co. now owns 19,340 shares of the company’s stock worth $100,000 after buying an additional 15,740 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Digirad Corp. by 289.4% in the second quarter. O Shaughnessy Asset Management LLC now owns 19,559 shares of the company’s stock worth $101,000 after buying an additional 14,536 shares in the last quarter. Algert Global LLC bought a new stake in shares of Digirad Corp. during the third quarter worth $140,000. AXA bought a new stake in shares of Digirad Corp. during the second quarter worth $194,000. Finally, Hillsdale Investment Management Inc. raised its stake in shares of Digirad Corp. by 11.9% in the second quarter. Hillsdale Investment Management Inc. now owns 75,280 shares of the company’s stock worth $388,000 after buying an additional 8,000 shares in the last quarter. 60.81% of the stock is owned by institutional investors.

About Digirad Corp.

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