Filings Don’t Lie: Why Miller Lloyd I Iii Reported Big Qualstar Corp Position?

Filings Don't Lie: Why Miller Lloyd I Iii Reported Big Qualstar Corp Position?

The New Miller Lloyd I Iii Holding in Qualstar Corp

Miller Lloyd I Iii filed with the SEC SC 13D/A form for Qualstar Corp. The form can be accessed here: 000114420416130769. As reported in Miller Lloyd I Iii’s form, the filler as of late owns 9.3% or 188,900 shares of the Information Technology–company.

Qualstar Corp stake is a new one for the and it was filed because of activity on October 26, 2016. We feel this shows Miller Lloyd I Iii’s positive view for the stock.

Qualstar Corp Institutional Sentiment

Latest Security and Exchange filings show 9 investors own Qualstar Corp. The institutional ownership in Q3 2015 is very low, at 71.87% of the outstanding shares. This is increased by 216479 the total institutional shares. 1466156 were the shares owned by these institutional investors. In total 2 funds opened new Qualstar Corp stakes, 1 increased stakes. There were 3 that closed positions and 4 reduced them.

California Public Employees Retirement System is an institutional investor bullish on Qualstar Corp, owning 40499 shares as of Q3 2015 for less than 0.01% of its portfolio. Dimensional Fund Advisors Lp owns 889287 shares or less than 0.01% of its portfolio. NY Teton Advisors Inc have less than 0.01% of their stock portfolio for 12000 shares. Further, Renaissance Technologies Llc reported stake worth less than 0.01% of its US stock portfolio. The IL Bard Associates Inc owns 131007 shares. Qualstar Corp is 0.09% of the manager’s US portfolio.

Business Profile

Qualstar Corporation is a provider of power solutions and data storage systems. The Company markets its products under the N2Power and the Qualstar brand names. It has two segments: data storage and power supplies. The data storage segment designs, develops, manufactures and markets automated tape libraries used to store, retrieve and manage electronic data. Its power supplies segment designs, develops, manufactures and markets its power solution products to convert, regulate, purify, manage or distribute electrical power for electronic equipment. It offers its data storage products to storage reseller channel, storage original equipment manufacturer (OEM) channel and N2Power OEM channel. The Company offers its data storage products in Americas, including Mexico, the United States, Canada and South America; EMEA (Europe, Middle East and Africa), and APAC (Asia Pacific). It manufactures its storage products at its factory in Simi Valley, California.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Analysts await Qualstar Corporation (NASDAQ:QBAK) to report earnings on November, 10.

About 1,565 shares traded hands. Qualstar Corporation (NASDAQ:QBAK) has risen 9.29% since March 30, 2016 and is uptrending. It has outperformed by 6.28% the S&P500.

Qualstar Corporation is a provider of power solutions and data storage systems. The company has a market cap of $6.98 million. The Firm markets its products under the N2Power and the Qualstar brand names. It currently has negative earnings. It has two divisions: data storage and power supplies.

More notable recent Qualstar Corporation (NASDAQ:QBAK) news were published by: Businesswire.com which released: “Qualstar Corporation Announces Reverse Stock Split and Results of 2016 Annual …” on June 15, 2016, also Businesswire.com with their article: “Qualstar Corporation Announces the Promotion of Daniel K. Jan to President” published on May 19, 2015, Streetinsider.com published: “Form SC 13D/A QUALSTAR CORP Filed by: MILLER LLOYD I III” on November 01, 2016. More interesting news about Qualstar Corporation (NASDAQ:QBAK) were released by: Businesswire.com and their article: “Qualstar Announces the Q1â„¢, an LTFS Single Drive Archive Appliance” published on June 24, 2015 as well as Businesswire.com‘s news article titled: “Qualstar Releases the New N2Power XR Series in Two Power Offerings – 125 & 160 …” with publication date: November 01, 2016.

According to Zacks Investment Research, “Qualstar Corp. designs and manufactures the world’s finest tape products. The company pioneered adapting 9-track tape technology from mainframes to desktop computing environments and have applied this experience to tape library systems for cartridge tape formats. The company’s tape products are compatible with virtually every operating system and platform, and are supported by applications packages from many leading developers, such as Tivoli Systems and Computer Associates.”

QBAK Company Profile

Qualstar Corporation, incorporated on August 6, 1984, is a well-known provider of power solutions and data storage systems. The Firm markets its power solutions under the N2Power brand, and data storage systems under the Qualstar brand. The Firm operates through two divisions: data storage and power supplies. The Firm makes its storage products at its factory in Simi Valley, California. The Firm offers its data storage products to storage reseller channel, including systems integrators, value added resellers (VARs) and value added distributors (VADs); storage original equipment maker (OEM) channel, and N2Power OEM channel, including power supply customers. The Firm offers its data storage products in Americas, including Mexico, the United States, Canada and South America; EMEA, including Europe, the Middle East and Africa, and APAC, including Asia Pacific countries.

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