Mondrian Capital Management LLC bought a new position in shares of WEX Inc (NYSE:WEX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,000 shares of the business services provider’s stock, valued at approximately $1,681,000.
Several other hedge funds have also recently modified their holdings of WEX. Raymond James & Associates raised its holdings in shares of WEX by 14.3% during the 2nd quarter. Raymond James & Associates now owns 7,778 shares of the business services provider’s stock valued at $1,482,000 after buying an additional 971 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of WEX by 82.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,686 shares of the business services provider’s stock valued at $512,000 after buying an additional 1,211 shares in the last quarter. Sheets Smith Wealth Management purchased a new position in shares of WEX during the 3rd quarter valued at about $566,000. Varma Mutual Pension Insurance Co raised its holdings in shares of WEX by 12.1% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 57,755 shares of the business services provider’s stock valued at $11,555,000 after buying an additional 6,220 shares in the last quarter. Finally, First Hawaiian Bank purchased a new position in shares of WEX during the 3rd quarter valued at about $409,000. Hedge funds and other institutional investors own 97.16% of the company’s stock.
Shares of WEX stock opened at $167.03 on Tuesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market capitalization of $7.20 billion, a price-to-earnings ratio of 35.54, a P/E/G ratio of 1.36 and a beta of 1.55. WEX Inc has a one year low of $131.35 and a one year high of $203.49.
In other WEX news, insider David G. Cooper sold 607 shares of WEX stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $145.15, for a total value of $88,106.05. Following the transaction, the insider now directly owns 1,065 shares of the company’s stock, valued at approximately $154,584.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.57% of the stock is owned by insiders.
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WEX Inc provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment and processing services.
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