Insider Selling: WidePoint Co. (NYSEAMERICAN:WYY) CFO Sells $31,770.00 in Stock

WidePoint Co. (NYSEAMERICAN:WYY) CFO Robert J. George sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $3.53, for a total transaction of $31,770.00. Following the transaction, the chief financial officer now owns 115,474 shares of the company’s stock, valued at approximately $407,623.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

WidePoint Stock Down 9.6 %

Shares of WidePoint stock traded down $0.34 on Monday, hitting $3.21. The company had a trading volume of 86,395 shares, compared to its average volume of 73,036. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.28. WidePoint Co. has a twelve month low of $1.60 and a twelve month high of $4.55. The stock has a market capitalization of $30.98 million, a PE ratio of -7.86 and a beta of 1.65.

WidePoint (NYSEAMERICAN:WYY) last announced its earnings results on Wednesday, August 14th. The technology company reported ($0.05) earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $29.64 million. On average, equities research analysts anticipate that WidePoint Co. will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of WYY. Platform Technology Partners grew its position in WidePoint by 74.8% in the fourth quarter. Platform Technology Partners now owns 46,753 shares of the technology company’s stock valued at $108,000 after purchasing an additional 20,000 shares in the last quarter. Summit Financial Strategies Inc. boosted its holdings in shares of WidePoint by 170.5% in the 2nd quarter. Summit Financial Strategies Inc. now owns 103,068 shares of the technology company’s stock valued at $432,000 after buying an additional 64,963 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in WidePoint by 41.8% during the second quarter. Dimensional Fund Advisors LP now owns 61,058 shares of the technology company’s stock worth $256,000 after buying an additional 17,991 shares during the last quarter. 22.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WYY has been the topic of a number of recent analyst reports. Litchfield Hills Research raised shares of WidePoint to a “strong-buy” rating in a research report on Monday, June 24th. StockNews.com started coverage on WidePoint in a report on Sunday, June 16th. They set a “hold” rating on the stock.

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.