Essex Investment Management Co. LLC Purchases 4,547 Shares of WidePoint Co. (NYSEAMERICAN:WYY)

Essex Investment Management Co. LLC lifted its position in WidePoint Co. (NYSEAMERICAN:WYY) by 9.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,699 shares of the technology company’s stock after buying an additional 4,547 shares during the period. Essex Investment Management Co. LLC owned approximately 0.52% of WidePoint worth $245,000 as of its most recent SEC filing.

Separately, Private Advisor Group LLC increased its position in WidePoint by 29.2% during the 4th quarter. Private Advisor Group LLC now owns 31,000 shares of the technology company’s stock valued at $150,000 after buying an additional 7,000 shares in the last quarter. Institutional investors own 22.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating and set a $7.00 price target on shares of WidePoint in a research note on Thursday, November 14th.

WidePoint Stock Up 6.3 %

Shares of WidePoint stock opened at $3.72 on Monday. The stock has a market cap of $36.46 million, a price-to-earnings ratio of -12.00 and a beta of 1.70. WidePoint Co. has a twelve month low of $1.83 and a twelve month high of $6.25. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a 50-day simple moving average of $4.08.

WidePoint Company Profile

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.