Robert J. George Sells 9,000 Shares of WidePoint Co. (NYSEAMERICAN:WYY) Stock

WidePoint Co. (NYSEAMERICAN:WYY) CFO Robert J. George sold 9,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $3.53, for a total transaction of $31,770.00. Following the completion of the transaction, the chief financial officer now directly owns 115,474 shares in the company, valued at approximately $407,623.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

WidePoint Price Performance

WidePoint stock opened at $3.31 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $31.94 million, a price-to-earnings ratio of -7.88 and a beta of 1.65. WidePoint Co. has a twelve month low of $1.60 and a twelve month high of $4.55.

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 analysts’ consensus estimates of ($0.08) by $0.03. WidePoint had a negative net margin of 2.74% and a negative return on equity of 23.31%. The firm had revenue of $36.04 million for the quarter, compared to analysts’ expectations of $29.64 million. As a group, research analysts anticipate that WidePoint Co. will post -0.23 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Platform Technology Partners increased its holdings in shares of WidePoint by 74.8% in the 4th quarter. Platform Technology Partners now owns 46,753 shares of the technology company’s stock worth $108,000 after buying an additional 20,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of WidePoint by 41.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 61,058 shares of the technology company’s stock worth $256,000 after purchasing an additional 17,991 shares during the period. Finally, Summit Financial Strategies Inc. boosted its stake in shares of WidePoint by 170.5% during the 2nd quarter. Summit Financial Strategies Inc. now owns 103,068 shares of the technology company’s stock worth $432,000 after purchasing an additional 64,963 shares during the period. Hedge funds and other institutional investors own 22.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on WYY shares. StockNews.com started coverage on shares of WidePoint in a research report on Sunday, June 16th. They set a “hold” rating on the stock. Litchfield Hills Research upgraded shares of WidePoint to a “strong-buy” rating in a research note on Monday, June 24th.

About WidePoint

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.