Qualstar Co. (QBAK) CEO Steven N. Bronson Buys 13,187 Shares

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Qualstar Co. (NASDAQ:QBAK) CEO Steven N. Bronson purchased 13,187 shares of Qualstar stock in a transaction dated Monday, May 13th. The shares were bought at an average price of $4.69 per share, with a total value of $61,847.03. Following the completion of the acquisition, the chief executive officer now directly owns 14,617 shares of the company’s stock, valued at $68,553.73. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NASDAQ:QBAK traded up $0.24 on Friday, hitting $5.81. 2,750 shares of the company traded hands, compared to its average volume of 4,753. Qualstar Co. has a 52 week low of $4.51 and a 52 week high of $10.10. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.63 and a quick ratio of 2.57. The company has a market capitalization of $10.25 million, a PE ratio of 10.26 and a beta of 0.45.

Qualstar (NASDAQ:QBAK) last issued its quarterly earnings results on Thursday, March 7th. The electronics maker reported $0.01 earnings per share for the quarter. Qualstar had a return on equity of 14.37% and a net margin of 8.53%. The firm had revenue of $2.91 million during the quarter.

An institutional investor recently raised its position in Qualstar stock. Wedbush Securities Inc. grew its stake in shares of Qualstar Co. (NASDAQ:QBAK) by 8.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,001 shares of the electronics maker’s stock after acquiring an additional 4,593 shares during the quarter. Wedbush Securities Inc. owned about 2.88% of Qualstar worth $310,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 17.09% of the company’s stock.

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Qualstar Company Profile

Qualstar Corporation engages in power solutions and data storage systems businesses worldwide. It provides data storage systems under the Qualstar brand and power solutions under the N2Power brand. The company designs, manufactures, and sells switching power supplies that are used to convert AC line voltage to DC voltages, or DC voltages to other DC voltages for use in various electronic equipment, such as telecommunications equipment, machine tools, routers, switches, wireless systems and gaming devices.

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