Millennium Management LLC Invests $573,000 in Viemed Healthcare, Inc. (NASDAQ:VMD)

Millennium Management LLC acquired a new position in shares of Viemed Healthcare, Inc. (NASDAQ:VMD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 71,489 shares of the company's stock, valued at approximately $573,000. Millennium Management LLC owned about 0.18% of Viemed Healthcare as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VMD. Divisadero Street Capital Management LP raised its stake in shares of Viemed Healthcare by 84.8% during the fourth quarter. Divisadero Street Capital Management LP now owns 646,273 shares of the company's stock worth $5,183,000 after acquiring an additional 296,481 shares in the last quarter. Rice Hall James & Associates LLC bought a new position in shares of Viemed Healthcare during the 4th quarter valued at $2,083,000. First Eagle Investment Management LLC raised its position in Viemed Healthcare by 196.5% in the 4th quarter. First Eagle Investment Management LLC now owns 328,824 shares of the company's stock worth $2,637,000 after purchasing an additional 217,923 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Viemed Healthcare in the fourth quarter worth $1,549,000. Finally, Expect Equity LLC purchased a new stake in Viemed Healthcare during the fourth quarter valued at about $1,369,000. 74.24% of the stock is currently owned by hedge funds and other institutional investors.

Viemed Healthcare Trading Up 0.4%

Shares of NASDAQ:VMD traded up $0.03 on Thursday, reaching $6.78. 105,683 shares of the company traded hands, compared to its average volume of 140,782. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03. The business's 50-day simple moving average is $6.75 and its 200 day simple moving average is $7.57. The stock has a market capitalization of $267.97 million, a P/E ratio of 25.11 and a beta of 1.38. Viemed Healthcare, Inc. has a 52 week low of $6.14 and a 52 week high of $9.81.

Viemed Healthcare (NASDAQ:VMD - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. Viemed Healthcare had a net margin of 4.87% and a return on equity of 8.72%. The firm had revenue of $59.10 million for the quarter, compared to analysts' expectations of $60.60 million.

Viemed Healthcare Profile

Viemed Healthcare, Inc, together with its subsidiaries, provides home medical equipment (HME) and post-acute respiratory healthcare services to patients in the United States. It provides respiratory disease management solutions, including treatment of chronic obstructive pulmonary disease (COPD), which include non-invasive ventilation, percussion vests, and other therapies; and invasive and non-invasive ventilation and related equipment and supplies to patients suffering from COPD.