Wayside Technology Group, Inc. (NASDAQ:WSTG) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totalling 4,900 shares, an increase of 308.3% from the February 27th total of 1,200 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 16,200 shares, the short-interest ratio is presently 0.3 days.
Several large investors have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. purchased a new position in Wayside Technology Group during the 4th quarter valued at about $55,000. UBS Group AG lifted its position in Wayside Technology Group by 86.8% during the 4th quarter. UBS Group AG now owns 4,669 shares of the company’s stock valued at $76,000 after acquiring an additional 2,169 shares during the period. Seizert Capital Partners LLC lifted its position in Wayside Technology Group by 36.9% during the 4th quarter. Seizert Capital Partners LLC now owns 21,742 shares of the company’s stock valued at $352,000 after acquiring an additional 5,862 shares during the period. Renaissance Technologies LLC lifted its position in Wayside Technology Group by 2.2% during the 4th quarter. Renaissance Technologies LLC now owns 286,796 shares of the company’s stock valued at $4,646,000 after acquiring an additional 6,100 shares during the period. Finally, FMR LLC lifted its position in Wayside Technology Group by 0.5% during 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 period. 39.38% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:WSTG opened at $12.85 on Friday. The company has a 50-day moving average price of $14.93 and a 200-day moving average price of $15.00. Wayside Technology Group has a 12 month low of $9.52 and a 12 month high of $18.29. The company has a current ratio of 1.54, a quick ratio of 1.51 and a debt-to-equity ratio of 0.05. The stock has a market cap of $56.94 million, a price-to-earnings ratio of 8.57 and a beta of 0.42.
Wayside Technology Group (NASDAQ:WSTG) last posted its earnings results on Wednesday, February 19th. The company reported $0.45 EPS for the quarter. Wayside Technology Group had a net margin of 3.25% and a return on equity of 15.83%. The firm had revenue of $60.86 million during the quarter.
The business also recently announced a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were given a $0.17 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.68 annualized dividend and a dividend yield of 5.29%.
Wayside Technology Group Company Profile
Wayside Technology Group, Inc operates as an information technology channel company worldwide. It operates in two segments, Lifeboat Distribution and TechXtend. The company distributes technical software and hardware to corporate and value added resellers, consultants, and systems integrators; and software, hardware, and services for corporations, government organizations, and academic institutions.
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