Digirad Co. (NASDAQ:DRAD)‘s stock had its “buy” rating restated by analysts at B. Riley in a research note issued to investors on Tuesday. They presently have a $6.70 price objective on the stock. B. Riley’s price target would indicate a potential upside of 20.72% from the stock’s previous close.
Separately, Zacks Investment Research lowered Digirad from a “hold” rating to a “sell” rating in a report on Tuesday, November 1st.
Shares of Digirad (NASDAQ:DRAD) remained flat at $5.55 during midday trading on Tuesday. The company’s stock had a trading volume of 47,639 shares. Digirad has a one year low of $4.15 and a one year high of $6.15. The stock has a 50-day moving average of $5.16 and a 200 day moving average of $4.93. The stock has a market cap of $110.40 million, a price-to-earnings ratio of 7.82 and a beta of 1.56.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Wednesday, February 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend was Monday, February 13th. Digirad’s dividend payout ratio is presently 30.77%.
A number of hedge funds have recently bought and sold shares of the company. Perritt Capital Management Inc. increased its stake in Digirad by 3.8% in the fourth quarter. Perritt Capital Management Inc. now owns 24,500 shares of the company’s stock worth $123,000 after buying an additional 900 shares during the last quarter. Algert Global LLC purchased a new stake in Digirad during the third quarter worth approximately $140,000. Spark Investment Management LLC increased its stake in Digirad by 204.3% in the third quarter. Spark Investment Management LLC now owns 42,900 shares of the company’s stock worth $218,000 after buying an additional 28,800 shares during the last quarter. Hillsdale Investment Management Inc. increased its stake in Digirad 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 during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Digirad by 13.3% in the second quarter. Bank of New York Mellon Corp now owns 81,374 shares of the company’s stock worth $418,000 after buying an additional 9,568 shares during the last quarter. Institutional investors own 58.86% of the company’s stock.
Digirad Corporation is a provider of diagnostic solutions. The Company’s business is organized into two segments: Diagnostic Services and Diagnostic Imaging. The Company provides in-office nuclear cardiology and ultrasound imaging services. It also provides cardiac event monitoring services to physician practices, hospitals and imaging centers through its Diagnostic Services business segment.