GAMMA Investing LLC Purchases 563 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

GAMMA Investing LLC boosted its position in Wolverine World Wide, Inc. (NYSE:WWW) by 12.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,057 shares of the textile maker’s stock after acquiring an additional 563 shares during the period. GAMMA Investing LLC’s holdings in Wolverine World Wide were worth $112,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hsbc Holdings PLC raised its stake in shares of Wolverine World Wide by 9.3% in the second quarter. Hsbc Holdings PLC now owns 11,425 shares of the textile maker’s stock worth $153,000 after purchasing an additional 973 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Wolverine World Wide by 5.0% in the third quarter. Intech Investment Management LLC now owns 39,412 shares of the textile maker’s stock worth $687,000 after purchasing an additional 1,866 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Wolverine World Wide in the third quarter worth approximately $35,000. The Manufacturers Life Insurance Company raised its stake in shares of Wolverine World Wide by 7.5% in the second quarter. The Manufacturers Life Insurance Company now owns 30,512 shares of the textile maker’s stock worth $413,000 after purchasing an additional 2,138 shares during the last quarter. Finally, Cedar Mountain Advisors LLC purchased a new stake in shares of Wolverine World Wide in the third quarter worth approximately $70,000. Institutional investors own 90.25% of the company’s stock.

Insider Transactions at Wolverine World Wide

In other news, insider Amy M. Klimek sold 24,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $22.07, for a total value of $529,680.00. Following the completion of the transaction, the insider now directly owns 20,238 shares of the company’s stock, valued at $446,652.66. This trade represents a 54.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.28% of the company’s stock.

Wolverine World Wide Stock Performance

NYSE:WWW opened at $22.98 on Friday. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.23 and a quick ratio of 0.77. The business has a fifty day simple moving average of $22.34 and a two-hundred day simple moving average of $17.21. Wolverine World Wide, Inc. has a 1 year low of $7.88 and a 1 year high of $24.64. The company has a market capitalization of $1.84 billion, a P/E ratio of -25.82 and a beta of 1.88.

Wolverine World Wide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 2nd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Thursday, January 2nd. Wolverine World Wide’s payout ratio is currently -44.94%.

Wall Street Analyst Weigh In

WWW has been the subject of several analyst reports. Telsey Advisory Group reissued a “market perform” rating and issued a $15.00 price objective on shares of Wolverine World Wide in a research note on Thursday, November 7th. BNP Paribas raised Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a research report on Thursday, October 3rd. StockNews.com downgraded Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Friday, January 3rd. Finally, Stifel Nicolaus raised Wolverine World Wide from a “hold” rating to a “buy” rating and increased their price target for the company from $21.00 to $29.00 in a research report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $19.38.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.