Qad INC (QADA) Holder Nantahala Capital Management LLC Decreased Stake by $3.09 Million as Valuation Rose

May 17, 2018 - By Duane Lopez

QAD Inc. (NASDAQ:QADA) Logo

Wilmot B. Harkey decreased its stake in Qad Inc (QADA) by 10.56% based on its latest 2017Q4 regulatory filing with the SEC. Nantahala Capital Management Llc sold 81,442 shares as the company’s stock rose 5.65% while stock markets declined. The hedge fund run by Wilmot B. Harkey held 689,531 shares of the prepackaged software company at the end of 2017Q4, valued at $26.79 million, down from 770,973 at the end of the previous reported quarter. Nantahala Capital Management Llc who had been investing in Qad Inc for a number of months, seems to be less bullish one the $861.16 million market cap company. The stock increased 0.22% or $0.1 during the last trading session, reaching $46.3. About 13,690 shares traded. QAD Inc. (NASDAQ:QADA) has risen 53.19% since May 17, 2017 and is uptrending. It has outperformed by 41.64% the S&P500.

Nantahala Capital Management Llc, which manages about $614.40M and $2.25 billion US Long portfolio, upped its stake in Ascent Cap Group Inc (NASDAQ:ASCMA) by 423,728 shares to 1.12 million shares, valued at $12.84 million in 2017Q4, according to the filing. It also increased its holding in Altaba Inc by 150,000 shares in the quarter, for a total of 1.17M shares, and has risen its stake in Dolby Laboratories Inc (NYSE:DLB).

Analysts await QAD Inc. (NASDAQ:QADA) to report earnings on May, 30 after the close. They expect $-0.04 EPS, up 69.23 % or $0.09 from last year’s $-0.13 per share. After $-0.29 actual EPS reported by QAD Inc. for the previous quarter, Wall Street now forecasts -86.21 % EPS growth.

More notable recent QAD Inc. (NASDAQ:QADA) news were published by: Prnewswire.com which released: “DynaSys a Sponsor of the Gartner Supply Chain Executive Summit 2018” on April 27, 2018, also Prnewswire.com with their article: “QAD Awards Partner Excellence at Explore 2018” published on May 10, 2018, Prnewswire.com published: “QAD Announces Customer Award Winners at QAD Explore 2018” on May 09, 2018. More interesting news about QAD Inc. (NASDAQ:QADA) were released by: Prnewswire.com and their article: “QAD To Report Fiscal 2019 First Quarter Financial Results And Host A Conference Call On Wednesday, May 30, 2018” published on April 25, 2018 as well as Prnewswire.com‘s news article titled: “QAD Welcomes Customers and Partners to QAD Explore 2018 in Dallas” with publication date: May 08, 2018.

QAD Inc. (NASDAQ:QADA) Ratings Coverage

Among 3 analysts covering QAD Inc (NASDAQ:QADA), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. QAD Inc had 6 analyst reports since November 22, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, November 21 by Canaccord Genuity. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, February 23 report. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, November 22. Stifel Nicolaus maintained QAD Inc. (NASDAQ:QADA) rating on Thursday, March 22. Stifel Nicolaus has “Buy” rating and $53 target. The rating was maintained by Canaccord Genuity on Thursday, March 22 with “Buy”.

QAD Inc. (NASDAQ:QADA) Institutional Positions Chart

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