Hillsdale Investment Management buys $8,669,000 stake in Wi-LAN Inc – US listing (WILN)

Wi-LAN Inc – US listing (WILN) : Hillsdale Investment Management scooped up 3,116,200 additional shares in Wi-LAN Inc – US listing during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 3,467,600 shares of Wi-LAN Inc – US listing which is valued at $8,669,000.Wi-LAN Inc – US listing makes up approximately 2.81% of Hillsdale Investment Management’s portfolio.

Other Hedge Funds, Including , Pembroke Management Ltd boosted its stake in WILN in the latest quarter, The investment management firm added 1,213,000 additional shares and now holds a total of 1,608,500 shares of Wi-LAN Inc – US listing which is valued at $3,860,400. Wi-LAN Inc – US listing makes up approx 0.37% of Pembroke Management Ltd’s portfolio.Ingalls Snyder boosted its stake in WILN in the latest quarter, The investment management firm added 20,296 additional shares and now holds a total of 30,296 shares of Wi-LAN Inc – US listing which is valued at $69,681. Russell Frank Co added WILN to its portfolio by purchasing 66,897 company shares during the most recent quarter which is valued at $153,863.

Wi-LAN Inc – US listing closed down -0.03 points or -1.20% at $2.47 with 50,229 shares getting traded on Monday. Post opening the session at $2.55, the shares hit an intraday low of $2.47 and an intraday high of $2.55 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Wi-LAN Inc – US listing reported $0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $0.11. The company had revenue of $30.10 million for the quarter, compared to analysts expectations of $30.36 million. The company’s revenue was up 47.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.

Wi-LAN Inc. (WiLAN) is an intellectual property licensing company. The Company develops acquires licenses and enforces a range of patented technologies which are utilized in products in the communications and consumer electronics markets. The Company also manages intellectual property and licenses the patented technologies to corporations. The Company through its wholly owned subsidiary WiLAN Labs develops technologies related to 4G broadband wireless networks. These solutions optimize the deployment of mobile networks at a time when demand for bandwidth-intensive multimedia data traffic is high. The Company generates revenue by licensing its patents to companies that sell products utilizing technologies including Wi-Fi WiMAX Long-Term Evolution (LTE) Code division multiple access (CDMA) Digital Subscriber Line (DSL) Data Over Cable Service Interface Specification (DOCSIS) Bluetooth and V-Chip.

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