Wayside Technology Group, Inc. (NASDAQ:WSTG) Short Interest Update

Wayside Technology Group, Inc. (NASDAQ:WSTG – Get Rating) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 4,100 shares, a drop of 24.1% from the June 30th total of 5,400 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 13,000 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Wayside Technology Group in a research report on Tuesday, April 5th. They issued a "strong-buy" rating on the stock.

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Insider Transactions at Wayside Technology Group

In other Wayside Technology Group news, Director Jeffrey Richart Geygan bought 3,646 shares of the stock in a transaction dated Monday, June 13th. The shares were acquired at an average cost of $31.99 per share, for a total transaction of $116,635.54. Following the completion of the transaction, the director now owns 133,212 shares in the company, valued at approximately $4,261,451.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Dale Richard Foster sold 1,718 shares of Wayside Technology Group stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $37.75, for a total value of $64,854.50. Following the transaction, the chief executive officer now directly owns 66,831 shares in the company, valued at approximately $2,522,870.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeffrey Richart Geygan acquired 3,646 shares of the stock in a transaction that occurred on Monday, June 13th. The stock was purchased at an average price of $31.99 per share, for a total transaction of $116,635.54. Following the completion of the transaction, the director now owns 133,212 shares in the company, valued at $4,261,451.88. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 9,967 shares of company stock worth $373,952. Insiders own 8.40% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WSTG. Vanguard Group Inc. raised its stake in Wayside Technology Group by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 140,598 shares of the company's stock valued at $4,858,000 after purchasing an additional 5,047 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Wayside Technology Group by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 134,348 shares of the company's stock valued at $4,595,000 after purchasing an additional 4,272 shares during the last quarter. Royal Bank of Canada raised its stake in Wayside Technology Group by 8.7% in the 1st quarter. Royal Bank of Canada now owns 25,100 shares of the company's stock valued at $867,000 after purchasing an additional 2,000 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Wayside Technology Group by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 21,077 shares of the company's stock valued at $729,000 after purchasing an additional 420 shares during the last quarter. Finally, EAM Investors LLC raised its stake in Wayside Technology Group by 1.3% in the 1st quarter. EAM Investors LLC now owns 41,140 shares of the company's stock valued at $1,407,000 after purchasing an additional 537 shares during the last quarter. Institutional investors and hedge funds own 42.90% of the company's stock.

Wayside Technology Group Stock Up 0.1 %

NASDAQ:WSTG opened at $31.50 on Monday. The company has a market capitalization of $140.55 million, a PE ratio of 12.96 and a beta of 0.81. Wayside Technology Group has a 52-week low of $25.47 and a 52-week high of $39.45. The stock has a fifty day simple moving average of $33.75 and a 200-day simple moving average of $32.99.

Wayside Technology Group (NASDAQ:WSTG – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.61 earnings per share (EPS) for the quarter. The business had revenue of $71.32 million during the quarter. Wayside Technology Group had a return on equity of 21.02% and a net margin of 3.69%.

Wayside Technology Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 20th. Stockholders of record on Monday, May 16th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Friday, May 13th. Wayside Technology Group's dividend payout ratio (DPR) is presently 27.98%.

About Wayside Technology Group

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Wayside Technology Group, Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software and hardware to corporate and value added resellers, consultants, and systems integrators under the names Climb Channel Solutions and Sigma Software Distribution; and software, hardware, and services under the names TechXtend and Grey Matter.

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