Hancock Holding Co. acquired a new position in shares of Datalink Corp. (NASDAQ:DTLK) during the second quarter, Holdings Channel reports. The firm acquired 14,002 shares of the company’s stock, valued at approximately $105,000. Hancock Holding Co. owned 0.06% of Datalink Corp. at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in DTLK. 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 worth $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 worth $1,633,000. JPMorgan Chase & Co. acquired a new position in Datalink Corp. during the second quarter worth $1,357,000. Bank of Montreal Can acquired a new position in Datalink Corp. during the second quarter worth $1,055,000. Finally, Royce & Associates LP raised its position in Datalink Corp. by 11.7% in the second quarter. Royce & Associates LP now owns 941,047 shares of the company’s stock worth $7,058,000 after buying an additional 98,237 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.
Datalink Corp. (NASDAQ:DTLK) traded up 0.76% on Friday, hitting $10.66. 31,038 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $10.14 and a 200-day moving average price of $8.70. Datalink Corp. has a 52-week low of $5.60 and a 52-week high of $10.74. The stock has a market cap of $235.94 million, a P/E ratio of 31.26 and a beta of 1.53.
Datalink Corp. (NASDAQ:DTLK) last released its earnings results on Thursday, July 28th. The company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.06. The firm had revenue of $199.20 million for 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 period in the prior year, the firm earned $0.12 EPS. Analysts predict that Datalink Corp. will post $0.65 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised shares of Datalink Corp. from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Wednesday, August 3rd.
About Datalink Corp.
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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