Franklin Wireless Corp. (NASDAQ:FKWL – Get Free Report) announced a special dividend on Tuesday, November 4th. Investors of record on Friday, November 14th will be paid a dividend of 0.04 per share on Tuesday, December 2nd. The ex-dividend date is Friday, November 14th.
Franklin Wireless Price Performance
FKWL opened at $5.06 on Thursday. The business has a 50 day moving average price of $4.53 and a two-hundred day moving average price of $4.31. The company has a market capitalization of $59.61 million, a price-to-earnings ratio of -253.00 and a beta of 0.45. Franklin Wireless has a 1-year low of $3.66 and a 1-year high of $7.45.
Institutional Investors Weigh In On Franklin Wireless
Large investors have recently made changes to their positions in the company. Evergreen Capital Management LLC acquired a new position in Franklin Wireless during the second quarter valued at approximately $44,000. Goldman Sachs Group Inc. acquired a new stake in shares of Franklin Wireless in the 1st quarter valued at $66,000. Acadian Asset Management LLC increased its holdings in shares of Franklin Wireless by 175.5% during the first quarter. Acadian Asset Management LLC now owns 25,450 shares of the company’s stock worth $144,000 after buying an additional 16,211 shares in the last quarter. Ritholtz Wealth Management grew its holdings in shares of Franklin Wireless by 101.0% during the second quarter. Ritholtz Wealth Management now owns 34,762 shares of the company’s stock worth $145,000 after purchasing an additional 17,466 shares during the last quarter. Finally, Avantax Advisory Services Inc. bought a new position in Franklin Wireless in the 1st quarter valued at $157,000. Institutional investors own 18.49% of the company’s stock.
Franklin Wireless Company Profile
Franklin Wireless Corp. provides integrated wireless solutions. The company's products include 5G/4G wireless broadband products, such as wi-fi mobile hotspot, fixed wireless routers, and enterprise gateway CPE; and IoT tracking and connected devices, including smart IoT tracking device, connected car, and home phone connect.
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