11,175 Shares in Wolverine World Wide, Inc. (NYSE:WWW) Acquired by Aigen Investment Management LP

Aigen Investment Management LP bought a new stake in Wolverine World Wide, Inc. (NYSE:WWW) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,175 shares of the textile maker’s stock, valued at approximately $195,000.

Other large investors have also modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new stake in shares of Wolverine World Wide in the 3rd quarter valued at approximately $35,000. Canada Pension Plan Investment Board acquired a new stake in Wolverine World Wide in the 2nd quarter valued at approximately $68,000. Cedar Mountain Advisors LLC acquired a new position in Wolverine World Wide during the third quarter worth $70,000. GAMMA Investing LLC lifted its stake in Wolverine World Wide by 15.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,494 shares of the textile maker’s stock worth $78,000 after acquiring an additional 616 shares in the last quarter. Finally, Natixis acquired a new position in Wolverine World Wide in the 1st quarter valued at about $112,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

Insider Buying and Selling

In other Wolverine World Wide news, insider Amy M. Klimek sold 10,214 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $20.11, for a total transaction of $205,403.54. Following the completion of the sale, the insider now directly owns 19,093 shares of the company’s stock, valued at approximately $383,960.23. This trade represents a 34.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Latchana sold 7,706 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $17.02, for a total value of $131,156.12. Following the sale, the insider now owns 13,889 shares of the company’s stock, valued at $236,390.78. This trade represents a 35.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,920 shares of company stock worth $866,240 in the last 90 days. Company insiders own 2.28% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $15.00 price target on shares of Wolverine World Wide in a research report on Thursday, November 7th. KeyCorp upgraded Wolverine World Wide from a “sector weight” rating to an “overweight” rating and set a $20.00 target price for the company in a report on Thursday, August 8th. Robert W. Baird upped their target price on shares of Wolverine World Wide from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Argus upgraded shares of Wolverine World Wide to a “hold” rating in a research note on Friday, August 16th. Finally, Piper Sandler reissued an “overweight” rating and issued a $18.00 price objective on shares of Wolverine World Wide in a research report on Friday, August 23rd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Wolverine World Wide Stock Down 1.1 %

Wolverine World Wide stock opened at $21.79 on Friday. The company has a market capitalization of $1.74 billion, a P/E ratio of -24.48 and a beta of 1.78. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.77 and a current ratio of 1.23. Wolverine World Wide, Inc. has a fifty-two week low of $7.58 and a fifty-two week high of $22.86. The stock has a 50-day simple moving average of $16.80 and a 200-day simple moving average of $14.46.

Wolverine World Wide Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.84%. Wolverine World Wide’s payout ratio is -44.94%.

About Wolverine World Wide

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.