Dimensional Fund Advisors LP Buys 4,061 Shares of Data Storage Co. (NASDAQ:DTST)

Dimensional Fund Advisors LP increased its holdings in Data Storage Co. (NASDAQ:DTST) by 14.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,654 shares of the company’s stock after buying an additional 4,061 shares during the period. Dimensional Fund Advisors LP owned 0.47% of Data Storage worth $138,000 as of its most recent SEC filing.

Separately, LPL Financial LLC bought a new position in Data Storage during the fourth quarter valued at approximately $103,000. Hedge funds and other institutional investors own 11.56% of the company’s stock.

Data Storage Trading Up 7.1%

DTST opened at $3.92 on Friday. Data Storage Co. has a 12 month low of $2.93 and a 12 month high of $8.00. The company has a market cap of $27.81 million, a P/E ratio of 196.00 and a beta of 1.18. The business’s 50-day moving average price is $3.57 and its 200-day moving average price is $3.98.

Data Storage (NASDAQ:DTST) last announced its quarterly earnings results on Monday, March 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Data Storage had a return on equity of 0.79% and a net margin of 0.64%. The company had revenue of $6.41 million for the quarter, compared to the consensus estimate of $6.20 million.

Data Storage Company Profile

Data Storage Corporation provides data management and cloud solutions in the United States and internationally. It offers a suite of multi-cloud IT solutions, including cyber security solutions, which comprise ezSecurity, a security solution for endpoint security, system assessments, and risk analysis, as well as IBM system protection, including Ransomware defense.