WidePoint Co. (NYSEAMERICAN:WYY) CEO Jin Kang acquired 33,034 shares of the stock in a transaction on Wednesday, November 28th. The stock was bought at an average cost of $0.49 per share, with a total value of $16,186.66. Following the completion of the transaction, the chief executive officer now owns 3,205,344 shares in the company, valued at $1,570,618.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
WidePoint stock traded up $0.01 during trading hours on Thursday, hitting $0.49. The company had a trading volume of 84,100 shares, compared to its average volume of 137,786. WidePoint Co. has a 1 year low of $0.40 and a 1 year high of $0.73.
A hedge fund recently raised its stake in WidePoint stock. First Wilshire Securities Management Inc. lifted its holdings in WidePoint Co. (NYSEAMERICAN:WYY) by 12.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,060,951 shares of the technology company’s stock after purchasing an additional 116,593 shares during the period. First Wilshire Securities Management Inc. owned about 1.28% of WidePoint worth $489,000 at the end of the most recent quarter.
Separately, B. Riley reissued a “buy” rating on shares of WidePoint in a research report on Monday, November 12th.
WidePoint Corporation provides trusted mobility management (TM2) solutions to the government and commercial sectors in North America and Europe. It offers federally certified secure identity management and communications solutions through a proprietary portal. The company provides telecom lifecycle management solutions to corporations, governments, and not-for-profit organizations that provide visibility of telecom assets enabling clients to secure and manage the telecom assets; and telecom bill presentment analytical solutions, including bill presentment, subscriber data intelligence, and hosted voice analytics to communications service providers.
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