Renaissance Technologies LLC Has $367,000 Stake in WidePoint Co. (NYSEAMERICAN:WYY)

Renaissance Technologies LLC decreased its holdings in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 87,700 shares of the technology company’s stock after selling 2,900 shares during the quarter. Renaissance Technologies LLC owned 0.94% of WidePoint worth $367,000 at the end of the most recent quarter.

Separately, Summit Financial Strategies Inc. raised its stake in WidePoint by 170.5% during the second quarter. Summit Financial Strategies Inc. now owns 103,068 shares of the technology company’s stock worth $432,000 after acquiring an additional 64,963 shares in the last quarter. Institutional investors own 22.60% of the company’s stock.

Insider Activity

In related news, CFO Robert J. George sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $3.53, for a total value of $31,770.00. Following the sale, the chief financial officer now directly owns 115,474 shares in the company, valued at $407,623.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders bought 5,000 shares of company stock valued at $17,000 and sold 14,750 shares valued at $52,833. 14.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on WYY. StockNews.com began coverage on WidePoint in a research note on Sunday, June 16th. They set a “hold” rating for the company. Litchfield Hills Research raised WidePoint to a “strong-buy” rating in a research note on Monday, June 24th.

WidePoint Stock Up 15.2 %

WidePoint stock opened at $3.90 on Friday. WidePoint Co. has a 1 year low of $1.60 and a 1 year high of $4.55. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $37.64 million, a PE ratio of -10.54 and a beta of 1.65.

WidePoint (NYSEAMERICAN:WYY) last released its quarterly earnings data on Wednesday, August 14th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.03. WidePoint had a negative return on equity of 23.31% and a negative net margin of 2.74%. The company had revenue of $36.04 million during the quarter, compared to the consensus estimate of $29.64 million. On average, sell-side analysts anticipate that WidePoint Co. will post -0.23 EPS for the current year.

WidePoint Company Profile

WidePoint Corporation provides technology management as a service (TMaaS) to the government and business enterprises in North America and Europe. It offers TMaaS solutions through a secure federal government certified proprietary portal and secure enterprise portal that provides ability to manage, analyze, and protect communications assets, as well as deploys identity management solutions that provides secured virtual and physical access to restricted environments.