Hedge Funds Now Own 21.9% Of WidePoint Corporation (WYY)

WidePoint Corporation (NYSE:WYY) has made a 65.24% comeback from a 12-month low price of $0.39. It was seen 5.37% higher, changing the price to $0.65, when the closing bell rang on 11/22/2017. At recent session, the prices were hovering between $0.61 and $0.66. This company shares are 53.85% off its target price of $1 and the current market capitalization stands at $50.91M. The recent change has given its price a 10.28% lead over SMA 50 and -32.75% deficit over its 52-week high. The stock witnessed 19.67% gains, 21.81% gains and 46.73% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found WYY’s volatility during a week at 6.46% and during a month it has been found around 6%.

WidePoint Corporation (WYY) Top Holders

Institutional investors currently hold around $11 million or 21.9% in WYY stock. Look at its top three institutional owners. Nokomis Capital, L.L.C. owns $7.83 million in WidePoint Corporation, which represents roughly 15.38% of the company’s market cap and approximately 71.19% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 1,994,698 shares of the stock are valued at $1.22 million. The third largest holder is First Wilshire Securities Management Inc, which currently holds $508 thousand worth of this stock and that ownership represents nearly 1% of its market capitalization.

WidePoint Corporation 13F Filings

At the end of September reporting period, 5 institutional holders increased their position in WidePoint Corporation (NYSE:WYY) by some 160,594 shares, 10 decreased positions by 723,911 and 18 held positions by 17,111,339. That puts total institutional holdings at 17,995,844 shares, according to SEC filings. The stock grabbed 1 new institutional investments totaling 42 shares while 4 institutional investors sold out their entire positions totaling 347,599 shares.

WidePoint Corporation (NYSE:WYY) Insider Trades

Multiple company employees have indulged in significant insider trading. WidePoint Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Guenther Otto J has acquired 60,000 shares of WidePoint Corporation (WYY) in trading session dated Nov. 17, 2017. These shares are worth $34,800 and were traded at $0.58 each. The SEC filing shows that Komar Steve L performed a purchase of 50,000 shares. The Director added these shares by way of transaction on Aug. 28, 2017. The company’s shares were assimilated at $0.54 per share worth to an investment of some $27,000 on account of Komar Steve L.

CEO, Kang Jin, purchased 50,000 common shares of WidePoint Corporation (WYY) in the open market. In a transaction dated Aug. 23, 2017, the shares were bought at an average price of $0.47, giving away a sum of $23,500. After this purchase, 2,930,344 common shares of WYY are directly owned by the insider, with total stake valued at $1,904,724.

In the transaction dated Dec. 22, 2016, the great number of shares disposed came courtesy the CFO, VP, Secretary; Mccubbin James T disposed a total of 150,000 shares at an average price of $0.77, amounting to approximately $115,500. The insider now directly owns 1,684,639 shares worth $1,095,015.

WidePoint Corporation (WYY) Analyst Guide

Not many analysts have released their opinion on WidePoint Corporation (NYSE:WYY), with 1 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1 average brokerage recommendation.

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