PenderFund Capital Management Ltd. Invests $651,000 in Wireless Telecom Group, Inc. (NYSEAMERICAN:WTT)

PenderFund Capital Management Ltd. bought a new position in shares of Wireless Telecom Group, Inc. (NYSEAMERICAN:WTT) in the second quarter, HoldingsChannel reports. The fund bought 233,972 shares of the technology company’s stock, valued at approximately $651,000.

Several other large investors have also recently bought and sold shares of WTT. Charles Schwab Investment Management Inc. acquired a new position in shares of Wireless Telecom Group during the 1st quarter worth about $33,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Wireless Telecom Group during the 2nd quarter worth about $35,000. Atria Wealth Solutions Inc. purchased a new stake in Wireless Telecom Group during the first quarter worth approximately $115,000. Finally, FNY Investment Advisers LLC acquired a new position in Wireless Telecom Group in the second quarter valued at approximately $126,000. Hedge funds and other institutional investors own 20.46% of the company’s stock.

Wireless Telecom Group Stock Performance

Wireless Telecom Group stock remained flat at $2.13 during mid-day trading on Tuesday. Wireless Telecom Group, Inc. has a one year low of $1.15 and a one year high of $2.13. The firm has a market cap of $45.41 million, a P/E ratio of 14.20 and a beta of 0.93.

Wireless Telecom Group Profile

Wireless Telecom Group, Inc, together with its subsidiaries, provides radio frequency components in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It also offers radio frequency power meters, sensors and analyzers, synthesizers; phased noise analyzers and noise generators, as well as provides voltmeters, audio, and modulation analyzers.