Boingo Wireless Inc (WIFI) Shares Sold by Millrace Asset Group Inc.
Millrace Asset Group Inc. lowered its position in Boingo Wireless Inc (NASDAQ:WIFI) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,175 shares of the technology company’s stock after selling 3,000 shares during the period. Millrace Asset Group Inc.’s holdings in Boingo Wireless were worth $1,174,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Alliancebernstein L.P. grew its holdings in shares of Boingo Wireless by 7.4% in the fourth quarter. Alliancebernstein L.P. now owns 52,300 shares of the technology company’s stock worth $1,177,000 after acquiring an additional 3,600 shares during the period. Bogle Investment Management L P DE lifted its position in Boingo Wireless by 18.4% during the fourth quarter. Bogle Investment Management L P DE now owns 318,019 shares of the technology company’s stock valued at $7,155,000 after purchasing an additional 49,410 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Boingo Wireless by 70.3% during the fourth quarter. Allianz Asset Management GmbH now owns 680,641 shares of the technology company’s stock valued at $15,314,000 after purchasing an additional 280,930 shares in the last quarter. Smith Asset Management Group LP purchased a new position in Boingo Wireless during the fourth quarter valued at $772,000. Finally, Suntrust Banks Inc. purchased a new position in Boingo Wireless during the fourth quarter valued at $230,000. 92.32% of the stock is owned by institutional investors.
Boingo Wireless Inc (WIFI) opened at $25.97 on Monday. Boingo Wireless Inc has a 52-week low of $10.46 and a 52-week high of $27.84. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.09.
In related news, CEO David Hagan sold 19,833 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $23.00, for a total value of $456,159.00. Following the sale, the chief executive officer now directly owns 606,186 shares in the company, valued at $13,942,278. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dawn Callahan sold 11,437 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $22.85, for a total value of $261,335.45. Following the completion of the sale, the insider now owns 11,370 shares in the company, valued at $259,804.50. The disclosure for this sale can be found here. Insiders sold 195,103 shares of company stock worth $4,425,980 over the last quarter. 7.70% of the stock is owned by company insiders.
Boingo Wireless Profile
Boingo Wireless, Inc is a provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor direct-attached storage (DAS) services. The Company operates as a service provider of wireless connectivity solutions across its managed and operated network and aggregated network for mobile devices such as laptops, smartphones, tablets and other wireless-enabled consumer devices.
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