Two Sigma Investments LP lowered its stake in Wi-Lan Inc (NASDAQ:WILN) (TSE:WIN) by 19.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 514,604 shares of the company’s stock after selling 124,200 shares during the period. Two Sigma Investments LP’s holdings in Wi-Lan were worth $839,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Wi-Lan by 18.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,624,290 shares of the company’s stock valued at $10,232,000 after buying an additional 1,015,700 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Wi-Lan during the fourth quarter valued at about $996,000. Renaissance Technologies LLC increased its stake in shares of Wi-Lan by 15.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,312,700 shares of the company’s stock valued at $2,140,000 after buying an additional 170,900 shares during the period. Finally, Schroder Investment Management Group bought a new stake in shares of Wi-Lan during the third quarter valued at about $254,000. Institutional investors and hedge funds own 23.08% of the company’s stock.
Shares of Wi-Lan Inc (NASDAQ:WILN) opened at 1.85 on Tuesday. The company’s 50-day moving average price is $1.80 and its 200 day moving average price is $1.60. Wi-Lan Inc has a one year low of $1.27 and a one year high of $3.04. The company has a market cap of $219.36 million, a P/E ratio of 20.56 and a beta of 0.57.
Wi-Lan (NASDAQ:WILN) last issued its quarterly earnings data on Thursday, February 9th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. The firm had revenue of $30.20 million for the quarter, compared to analyst estimates of $19.79 million. Wi-Lan had a return on equity of 4.60% and a net margin of 11.90%. The business’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period last year, the company earned $0.13 EPS. On average, equities research analysts anticipate that Wi-Lan Inc will post $0.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Wednesday, March 22nd will be given a $0.0096 dividend. The ex-dividend date is Monday, March 20th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.06%. Wi-Lan’s dividend payout ratio is currently 44.45%.
Separately, Paradigm Capital set a $5.00 price target on Wi-Lan and gave the stock a “buy” rating in a report on Saturday, February 11th.
Wi-LAN Inc is an intellectual property licensing company. The Company develops, acquires, licenses and enforces a range of technologies. The Company’s technologies are utilized in products in a range of markets, including communications and consumer electronics, medical, industrial, semiconductor, automotive and aerospace.
Want to see what other hedge funds are holding WILN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wi-Lan Inc (NASDAQ:WILN) (TSE:WIN).
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.