Wayside Technology Group (NASDAQ:WSTG) Now Covered by StockNews.com Analysts

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StockNews.com began covering stocks of Wayside Technology Group (NASDAQ: WSTG – Get Assessment) in a research report released Sunday. The company has set a “strong buy” rating on the stock.

NASDAQ:WSTG shares opened at $34.40 on Friday. The stock has a market capitalization of $153.08 million, a P/E ratio of 15.85 and a beta of 0.79. The company has a fifty-day moving average price of $31.18 and a 200-day moving average price of $30.38. Wayside Technology Group has a 1-year low of $23.50 and a 1-year high of $36.69.

In other Wayside Technology Group news, Vice Chairman Vito Legrottaglie sold 5,000 shares of the company in a trade dated Wednesday, March 9. The shares were sold at an average price of $31.50, for a total transaction of $157,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Insiders of the company hold 8.60% of the shares of the company.

A number of hedge funds have recently changed their positions in the business. Geode Capital Management LLC increased its position in shares of Wayside Technology Group by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 25,240 shares of the company worth $884,000 after purchasing an additional 1,029 shares in the last quarter. Ancora Advisors LLC increased its position in shares of Wayside Technology Group by 18.0% during the third quarter. Ancora Advisors LLC now owns 103,886 shares of the company worth $2,796,000 after acquiring an additional 15,869 shares in the last quarter. Royal Bank of Canada increased its position in shares of Wayside Technology Group by 272.6% during the third quarter. Royal Bank of Canada now owns 23,100 shares of the company worth $622,000 after acquiring 16,900 more shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Wayside Technology Group by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 130,441 shares of the company worth $3,518,000 after acquiring 2,199 additional shares in the last quarter. Finally, Cove Street Capital LLC increased its position in shares of Wayside Technology Group by 79.3% during the third quarter. Cove Street Capital LLC now owns 385,525 shares of the company worth $10,374,000 after acquiring an additional 170,450 shares in the last quarter. 44.00% of the shares are currently held by hedge funds and other institutional investors.

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About Wayside Technology Group (Get a rating)

Wayside Technology Group, Inc. engages in distributing software developed by others through resellers indirectly to customers. It operates through the Distribution and Solutions segments. The Distribution segment distributes technical software to enterprise resellers, value-added resellers (VARs), consultants and system integrators worldwide under the names of Climb Channel Solutions and Sigma Software Distribution.

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