Dimensional Fund Advisors LP Buys 7,331 Shares of WidePoint Co. (NYSEAMERICAN:WYY)

Dimensional Fund Advisors LP boosted its stake in WidePoint Co. (NYSEAMERICAN:WYY) by 9.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,372 shares of the technology company’s stock after purchasing an additional 7,331 shares during the quarter. Dimensional Fund Advisors LP owned about 0.83% of WidePoint worth $394,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Private Advisor Group LLC increased its holdings in shares of WidePoint by 29.2% in the fourth quarter. Private Advisor Group LLC now owns 31,000 shares of the technology company’s stock worth $150,000 after acquiring an additional 7,000 shares in the last quarter. Essex Investment Management Co. LLC increased its holdings in shares of WidePoint by 9.9% in the fourth quarter. Essex Investment Management Co. LLC now owns 50,699 shares of the technology company’s stock worth $245,000 after acquiring an additional 4,547 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of WidePoint in the fourth quarter worth about $186,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of WidePoint in the fourth quarter worth about $75,000. Finally, Geode Capital Management LLC increased its holdings 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 worth $363,000 after acquiring an additional 3,497 shares in the last quarter. Institutional investors own 22.60% of the company’s stock.

Analysts Set New Price Targets

WYY has been the subject of several recent research reports. StockNews.com initiated coverage on WidePoint in a research report on Wednesday. They set a “hold” rating for the company. HC Wainwright reaffirmed a “buy” rating and set a $7.00 price objective on shares of WidePoint in a research report on Friday.

WidePoint Stock Performance

Shares of NYSEAMERICAN WYY opened at $4.22 on Friday. WidePoint Co. has a 52 week low of $2.19 and a 52 week high of $6.25. The stock has a market capitalization of $41.36 million, a PE ratio of -13.61 and a beta of 1.70. The stock has a 50 day moving average price of $3.71 and a 200 day moving average price of $3.98. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 1.07.

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.