Nationwide Fund Advisors Buys 46,600 Shares of Datalink Corp. (DTLK)
Nationwide Fund Advisors increased its position in shares of Datalink Corp. (NASDAQ:DTLK) by 55.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,957 shares of the company’s stock after buying an additional 46,600 shares during the period. Nationwide Fund Advisors owned approximately 0.59% of Datalink Corp. worth $1,389,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Hancock Holding Co. bought a new stake in shares of Datalink Corp. during the second quarter worth approximately $105,000. O Shaughnessy Asset Management LLC raised its stake in Datalink Corp. by 2,459.1% in the second quarter. O Shaughnessy Asset Management LLC now owns 18,937 shares of the company’s stock worth $142,000 after buying an additional 18,197 shares during the last quarter. Eagle Global Advisors LLC acquired a new stake in Datalink Corp. during the second quarter worth about $192,000. Acrospire Investment Management LLC acquired a new stake in Datalink Corp. during the second quarter worth about $201,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Datalink Corp. during the second quarter worth about $226,000. Institutional investors own 73.27% of the company’s stock.
Datalink Corp. (NASDAQ:DTLK) traded up 0.09% during trading on Tuesday, hitting $11.17. 263,856 shares of the stock were exchanged. The firm has a market capitalization of $250.43 million, a PE ratio of 36.86 and a beta of 0.95. Datalink Corp. has a 12-month low of $6.13 and a 12-month high of $11.23. The stock has a 50 day moving average price of $10.54 and a 200-day moving average price of $9.42.
Datalink Corp. (NASDAQ:DTLK) last issued its quarterly earnings results on Monday, November 7th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by $0.06. The company earned $183.97 million during the quarter, compared to analyst estimates of $191.98 million. Datalink Corp. had a net margin of 0.89% and a return on equity of 3.89%. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 EPS. On average, equities research analysts anticipate that Datalink Corp. will post $0.58 earnings per share for the current fiscal year.
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A number of analysts have recently issued reports on the company. Needham & Company LLC lowered Datalink Corp. from a “buy” rating to a “hold” rating in a report on Monday, November 7th. Zacks Investment Research lowered Datalink Corp. from a “hold” rating to a “sell” rating in a report on Thursday, November 10th. Finally, Canaccord Genuity lowered Datalink Corp. from a “buy” rating to a “hold” rating and set a $11.25 target price for the company. in a report on Tuesday, November 8th.
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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