Insider Selling: Wayside Technology Group Inc. (WSTG) Chairman Sells $39,261.00 in Stock
Wayside Technology Group Inc. (NASDAQ:WSTG) Chairman Simon F. Nynens sold 2,300 shares of the business’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $17.07, for a total transaction of $39,261.00. Following the transaction, the chairman now owns 318,219 shares in the company, valued at $5,431,998.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Wayside Technology Group Inc. (NASDAQ:WSTG) opened at 16.989 on Thursday. Wayside Technology Group Inc. has a 12-month low of $15.47 and a 12-month high of $19.50. The stock’s 50 day moving average is $17.52 and its 200 day moving average is $17.65. The stock has a market capitalization of $76.55 million, a PE ratio of 14.029 and a beta of 0.31.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 18th. Stockholders of record on Tuesday, November 8th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, November 4th. This represents a $0.68 annualized dividend and a dividend yield of 4.00%. Wayside Technology Group’s dividend payout ratio (DPR) is currently 55.74%.
About Wayside Technology Group
Wayside Technology Group, Inc is an information technology (IT) channel company. The Company operates through two segments: Lifeboat Distribution and TechXtend. The Lifeboat Distribution segment distributes technical software to corporate resellers, value added resellers, consultants and systems integrators around the world.
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