Shares of Wi-Lan Inc. (NASDAQ:WILN) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a twelve-month consensus price objective of $2.00 for the company, according to Zacks. Zacks has also assigned Wi-Lan an industry rank of 104 out of 265 based on the ratings given to its competitors.
Separately, Canaccord Genuity restated a “buy” rating on shares of Wi-Lan in a research report on Thursday, July 28th.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. increased its position in shares of Wi-Lan by 97.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 46,213 shares of the company’s stock valued at $117,000 after buying an additional 22,830 shares in the last quarter. Scotia Capital Inc. increased its position in shares of Wi-Lan by 48.7% in the second quarter. Scotia Capital Inc. now owns 71,496 shares of the company’s stock valued at $182,000 after buying an additional 23,403 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Wi-Lan during the second quarter valued at approximately $258,000. Mackenzie Financial Corp purchased a new position in shares of Wi-Lan during the second quarter valued at approximately $264,000. Finally, AXA purchased a new position in shares of Wi-Lan during the second quarter valued at approximately $295,000. Institutional investors and hedge funds own 27.84% of the company’s stock.
Shares of Wi-Lan (NASDAQ:WILN) opened at 1.54 on Monday. The stock’s 50 day moving average price is $1.65 and its 200-day moving average price is $2.21. Wi-Lan has a 12 month low of $0.93 and a 12 month high of $3.04. The firm has a market capitalization of $183.42 million, a price-to-earnings ratio of 38.50 and a beta of 1.15.
Wi-Lan (NASDAQ:WILN) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.04. Wi-Lan had a net margin of 5.99% and a return on equity of 12.41%. The business earned $16 million during the quarter, compared to analyst estimates of $23.46 million. During the same quarter in the previous year, the firm posted $0.09 earnings per share. The firm’s quarterly revenue was down 54.4% on a year-over-year basis. On average, equities research analysts predict that Wi-Lan will post $0.41 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Friday, September 16th will be given a dividend of $0.0095 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.04 annualized dividend and a yield of 2.46%. Wi-Lan’s dividend payout ratio is currently 100.03%.
Wi-Lan Company Profile
Wi-LAN Inc, is a patent licensing company, which focuses on intellectual property, and manages and licenses the patent portfolios of various companies. It operates in a range of markets, including automotive, digital television, Internet, medical, semiconductor and wireless communication technologies.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Wi-Lan Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wi-Lan Inc. and related companies with MarketBeat.com's FREE daily email newsletter.