Renaissance Technologies LLC Raises Stake in WidePoint Co. (NYSEAMERICAN:WYY)

Renaissance Technologies LLC lifted its stake in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 121.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 184,400 shares of the technology company’s stock after acquiring an additional 101,176 shares during the period. Renaissance Technologies LLC owned 1.88% of WidePoint worth $892,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Advisor Group LLC lifted its stake in WidePoint by 29.2% during the fourth quarter. Private Advisor Group LLC now owns 31,000 shares of the technology company’s stock worth $150,000 after purchasing an additional 7,000 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in WidePoint in the 4th quarter valued at about $75,000. Essex Investment Management Co. LLC increased its stake in WidePoint by 9.9% during the fourth quarter. Essex Investment Management Co. LLC now owns 50,699 shares of the technology company’s stock worth $245,000 after purchasing an additional 4,547 shares during the period. Truvestments Capital LLC acquired a new stake in shares of WidePoint during the fourth quarter worth about $186,000. Finally, Geode Capital Management LLC boosted its stake in shares of WidePoint by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 74,990 shares of the technology company’s stock valued at $363,000 after purchasing an additional 3,497 shares during the period. Institutional investors and hedge funds own 22.60% of the company’s stock.

WidePoint Trading Up 0.7 %

NYSEAMERICAN:WYY opened at $4.30 on Friday. The stock has a market capitalization of $42.14 million, a price-to-earnings ratio of -13.87 and a beta of 1.70. WidePoint Co. has a 1 year low of $2.02 and a 1 year high of $6.25. The stock has a fifty day moving average price of $3.39 and a two-hundred day moving average price of $3.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 1.07.

Analyst Ratings Changes

Several analysts have recently issued reports on WYY shares. StockNews.com assumed coverage on WidePoint in a research note on Tuesday. They issued a “hold” rating on the stock. HC Wainwright reiterated a “buy” rating and issued a $7.00 price objective on shares of WidePoint in a research note on Thursday, April 17th.

About WidePoint

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.