Insider Selling: Wayside Technology Group, Inc. (NASDAQ:WSTG) CEO Sells 1,718 Shares of Stock

Wayside Technology Group, Inc. (NASDAQ:WSTG – Get Rating) CEO Dale Richard Foster sold 1,718 shares of the business’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $37.75, for a total transaction of $64,854.50. Following the transaction, the chief executive officer now directly owns 66,831 shares of the company’s stock, valued at approximately $2,522,870.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Dale Richard Foster also recently made the following trade(s):

• On Monday, June 6th, Dale Richard Foster sold 1,282 shares of Wayside Technology Group stock. The shares were sold at an average price of $37.75, for a total transaction of $48,395.50.

WSTG stock traded up $0.03 during trading on Tuesday, hitting $37.90. The company had a trading volume of 23 shares, compared to its average volume of 10,137. The firm has a market capitalization of $169.03 million, a price-to-earnings ratio of 15.58 and a beta of 0.77. The business has a 50 day moving average of $35.00 and a 200 day moving average of $33.04. Wayside Technology Group, Inc. has a fifty-two week low of $24.25 and a fifty-two week high of $39.45.

Wayside Technology Group (NASDAQ:WSTG – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.61 earnings per share for the quarter. The business had revenue of $71.32 million during the quarter. Wayside Technology Group had a net margin of 3.69% and a return on equity of 21.02%.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 20th. Investors of record on Monday, May 16th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.79%. The ex-dividend date was Friday, May 13th. Wayside Technology Group’s payout ratio is currently 27.98%.

Hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its holdings in Wayside Technology Group by 0.5% in the 1st quarter. FMR LLC now owns 634,306 shares of the company’s stock valued at $7,073,000 after acquiring an additional 3,208 shares during the last quarter. Morgan Stanley lifted its holdings in Wayside Technology Group by 112.8% in the 1st quarter. Morgan Stanley now owns 2,854 shares of the company’s stock valued at $72,000 after acquiring an additional 1,513 shares during the last quarter. BlackRock Inc. lifted its holdings in Wayside Technology Group by 14.3% in the 3rd quarter. BlackRock Inc. now owns 131,653 shares of the company’s stock valued at $3,542,000 after acquiring an additional 16,504 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Wayside Technology Group by 8.5% in the 3rd quarter. Geode Capital Management LLC now owns 24,211 shares of the company’s stock valued at $652,000 after acquiring an additional 1,892 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Wayside Technology Group by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 130,441 shares of the company’s stock valued at $3,518,000 after acquiring an additional 2,199 shares during the last quarter. 42.90% of the stock is owned by institutional investors and hedge funds.

Separately, StockNews.com started coverage on shares of Wayside Technology Group in a report on Tuesday, April 5th. They set a “strong-buy” rating for the company.

Wayside Technology Group Company Profile (Get Rating)

Wayside Technology Group, Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software and hardware to corporate and value added resellers, consultants, and systems integrators under the names Climb Channel Solutions and Sigma Software Distribution; and software, hardware, and services under the names TechXtend and Grey Matter.

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