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

WidePoint Co. (NYSEAMERICAN:WYY) 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 transaction of $31,770.00. Following the completion of the sale, the chief financial officer now directly owns 115,474 shares of the company’s stock, valued at approximately $407,623.22. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

WidePoint Price Performance

Shares of NYSEAMERICAN WYY opened at $3.31 on Wednesday. WidePoint Co. has a 1 year low of $1.60 and a 1 year high of $4.55. The firm has a market cap of $31.94 million, a P/E ratio of -7.88 and a beta of 1.65. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.28.

WidePoint (NYSEAMERICAN:WYY) last announced its quarterly earnings results on Wednesday, August 14th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The firm had revenue of $36.04 million for the quarter, compared to the consensus estimate of $29.64 million. WidePoint had a negative net margin of 2.74% and a negative return on equity of 23.31%. As a group, analysts anticipate that WidePoint Co. will post -0.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WYY. Litchfield Hills Research upgraded shares of WidePoint to a “strong-buy” rating in a research note on Monday, June 24th. StockNews.com assumed coverage on shares of WidePoint in a research note on Sunday, June 16th. They set a “hold” rating for the company.

Hedge Funds Weigh In On WidePoint

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in shares of WidePoint by 41.8% in the second quarter. Dimensional Fund Advisors LP now owns 61,058 shares of the technology company’s stock valued at $256,000 after buying an additional 17,991 shares during the last quarter. Summit Financial Strategies Inc. boosted 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 buying an additional 64,963 shares during the period. Finally, Platform Technology Partners boosted its stake in WidePoint by 74.8% during the fourth 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 period. 22.60% of the stock is owned by hedge funds and other institutional investors.

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.