GAMMA Investing LLC Has $112,000 Stock Position in Wolverine World Wide, Inc. (NYSE:WWW)

GAMMA Investing LLC boosted its position in Wolverine World Wide, Inc. (NYSE:WWW) by 12.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,057 shares of the textile maker’s stock after purchasing an additional 563 shares during the period. GAMMA Investing LLC’s holdings in Wolverine World Wide were worth $112,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Texas Permanent School Fund Corp lifted its position in Wolverine World Wide by 40.3% during the second quarter. Texas Permanent School Fund Corp now owns 97,073 shares of the textile maker’s stock worth $1,312,000 after acquiring an additional 27,905 shares during the last quarter. American Century Companies Inc. increased its stake in Wolverine World Wide by 31.2% in the second quarter. American Century Companies Inc. now owns 104,942 shares of the textile maker’s stock valued at $1,419,000 after acquiring an additional 24,969 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Wolverine World Wide by 10,607.4% during the second quarter. Federated Hermes Inc. now owns 540,402 shares of the textile maker’s stock worth $7,306,000 after buying an additional 535,355 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Wolverine World Wide by 27.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 138,283 shares of the textile maker’s stock worth $1,870,000 after buying an additional 29,691 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Wolverine World Wide by 6.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 293,030 shares of the textile maker’s stock valued at $3,962,000 after acquiring an additional 17,711 shares during the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Wolverine World Wide

In related news, insider Amy M. Klimek sold 10,214 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $20.11, for a total transaction of $205,403.54. Following the sale, the insider now owns 19,093 shares in the company, valued at $383,960.23. This represents a 34.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.28% of the stock is owned by corporate insiders.

Wolverine World Wide Trading Up 1.4 %

NYSE WWW opened at $22.98 on Friday. The business’s 50-day moving average price is $22.34 and its two-hundred day moving average price is $17.21. Wolverine World Wide, Inc. has a 12 month low of $7.88 and a 12 month high of $24.64. The firm has a market capitalization of $1.84 billion, a PE ratio of -25.82 and a beta of 1.88. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 1.91.

Wolverine World Wide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 2nd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.40 annualized dividend and a dividend yield of 1.74%. Wolverine World Wide’s payout ratio is -44.94%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WWW. StockNews.com lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Friday, January 3rd. BNP Paribas raised Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a report on Thursday, October 3rd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $15.00 target price on shares of Wolverine World Wide in a report on Thursday, November 7th. Finally, Stifel Nicolaus raised Wolverine World Wide from a “hold” rating to a “buy” rating and upped their target price for the stock from $21.00 to $29.00 in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Wolverine World Wide has a consensus rating of “Moderate Buy” and an average target price of $19.38.

About Wolverine World Wide

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.