Algert Global LLC Has $850,000 Stake in Wayside Technology Group, Inc. (WSTG)
Algert Global LLC continued to hold its position in shares of Wayside Technology Group, Inc. (NASDAQ:WSTG) during the second quarter, Holdings Channel reports. The firm owned 43,910 shares of the company’s stock at the end of the second quarter. Algert Global LLC’s holdings in Wayside Technology Group were worth $850,000 at the end of the most recent quarter.
Wayside Technology Group, Inc. (WSTG) opened at 16.25 on Friday. The stock’s 50 day moving average price is $18.04 and its 200 day moving average price is $18.75. Wayside Technology Group, Inc. has a 52 week low of $16.00 and a 52 week high of $21.75. The firm has a market cap of $69.65 million, a price-to-earnings ratio of 12.01 and a beta of 0.29.
Wayside Technology Group (NASDAQ:WSTG) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.30 earnings per share for the quarter. The business had revenue of $102.98 million for the quarter. Wayside Technology Group had a return on equity of 15.87% and a net margin of 1.36%. On average, equities research analysts predict that Wayside Technology Group, Inc. will post $1.25 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Friday, August 11th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Wednesday, August 9th. Wayside Technology Group’s payout ratio is presently 50.00%.
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Wayside Technology Group Company Profile
Wayside Technology Group, Inc is an information technology (IT) channel company. The Company distributes software and hardware developed by others through resellers indirectly to customers across the world. The Company operates through two segments: Lifeboat Distribution and TechXtend. The Lifeboat Distribution segment distributes technical software and hardware to corporate resellers, value added resellers (VARs), consultants and systems integrators across the world.
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