Wi-LAN Inc (NASDAQ:WILN) (TSE:WIN) issued its quarterly earnings results on Thursday. The company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Wi-LAN had a return on equity of 4.62% and a net margin of 11.90%. The company had revenue of $30.20 million for the quarter, compared to the consensus estimate of $19.79 million. During the same quarter in the prior year, the business earned $0.13 EPS. Wi-LAN’s revenue was up 16.2% on a year-over-year basis.
Wi-LAN (NASDAQ:WILN) opened at 1.74 on Monday. The stock has a market cap of $206.26 million, a P/E ratio of 43.50 and a beta of 0.57. The stock has a 50 day moving average price of $1.67 and a 200-day moving average price of $1.60. Wi-LAN has a 12-month low of $1.27 and a 12-month high of $3.04.
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WILN has been the topic of several recent research reports. Canaccord Genuity upgraded Wi-LAN to a “buy” rating in a report on Thursday, November 3rd. Paradigm Capital set a $5.00 price target on Wi-LAN and gave the stock a “buy” rating in a report on Saturday.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC bought a new position in shares of Wi-LAN during the second quarter worth approximately $7,057,000. Spark Investment Management LLC boosted its position in shares of Wi-LAN by 239.2% in the second quarter. Spark Investment Management LLC now owns 2,329,000 shares of the company’s stock worth $5,910,000 after buying an additional 1,642,400 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position 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 worth $10,232,000 after buying an additional 1,015,700 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Wi-LAN during the fourth quarter worth approximately $996,000. Finally, Royal Bank of Canada boosted its position in shares of Wi-LAN by 22.8% in the second quarter. Royal Bank of Canada now owns 1,491,701 shares of the company’s stock worth $3,789,000 after buying an additional 277,045 shares in the last quarter. Hedge funds and other institutional investors own 23.02% of the company’s stock.
Wi-LAN Inc is a Canada-based patent licensing company, which focuses on intellectual property, and manages and licenses the patent portfolios of a number of companies. The Company operates in a number of markets, including automotive, digital television, Internet, medical, semiconductor and wireless communication technologies.
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