Wayside Technology Group (NASDAQ:WSTG) was upgraded by TheStreet from a “c” rating to a “b-” rating in a research report issued to clients and investors on Friday, TheStreetRatingsTable reports.
Shares of NASDAQ WSTG opened at $12.05 on Friday. Wayside Technology Group has a fifty-two week low of $9.60 and a fifty-two week high of $14.55. The company has a market cap of $54.44 million, a price-to-earnings ratio of 9.72 and a beta of 0.43.
In other news, Director Jeffrey Richart Geygan Geygan purchased 2,450 shares of the business’s stock in a transaction dated Thursday, February 28th. The shares were purchased at an average price of $12.24 per share, for a total transaction of $29,988.00. Following the completion of the acquisition, the director now directly owns 9,425 shares in the company, valued at approximately $115,362. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 12.90% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. FMR LLC raised its position in shares of Wayside Technology Group by 23.3% during the 3rd quarter. FMR LLC now owns 607,721 shares of the company’s stock valued at $7,840,000 after purchasing an additional 114,856 shares during the period. Renaissance Technologies LLC raised its position in shares of Wayside Technology Group by 2.6% during the 3rd quarter. Renaissance Technologies LLC now owns 265,300 shares of the company’s stock valued at $3,422,000 after purchasing an additional 6,600 shares during the period. Vanguard Group Inc raised its position in shares of Wayside Technology Group by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 107,435 shares of the company’s stock valued at $1,386,000 after purchasing an additional 1,100 shares during the period. Finally, LSV Asset Management raised its position in shares of Wayside Technology Group by 12.7% during the 4th quarter. LSV Asset Management now owns 62,173 shares of the company’s stock valued at $621,000 after purchasing an additional 7,000 shares during the period. Institutional investors own 42.47% of the company’s stock.
About Wayside Technology Group
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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