Boothbay Fund Management LLC Buys 242,657 Shares of Nokia Oyj (NYSE:NOK)

Boothbay Fund Management LLC raised its holdings in shares of Nokia Oyj (NYSE:NOK - Free Report) by 323.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 317,658 shares of the technology company's stock after buying an additional 242,657 shares during the period. Boothbay Fund Management LLC's holdings in Nokia Oyj were worth $1,407,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in NOK. Foundations Investment Advisors LLC acquired a new position in shares of Nokia Oyj in the fourth quarter worth about $45,000. D.A. Davidson & CO. acquired a new stake in Nokia Oyj during the 4th quarter valued at $46,000. Wedmont Private Capital purchased a new stake in shares of Nokia Oyj in the fourth quarter valued at $47,000. Wealthstream Advisors Inc. acquired a new stake in shares of Nokia Oyj in the fourth quarter worth $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Nokia Oyj during the fourth quarter valued at $58,000. Institutional investors and hedge funds own 5.28% of the company's stock.

Nokia Oyj Stock Up 0.1 %

Shares of NYSE:NOK traded up $0.01 on Thursday, reaching $5.00. The company had a trading volume of 12,675,190 shares, compared to its average volume of 17,810,220. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $27.24 billion, a P/E ratio of 19.98, a P/E/G ratio of 6.43 and a beta of 0.97. The stock has a 50-day moving average price of $5.09 and a 200 day moving average price of $4.74. Nokia Oyj has a twelve month low of $3.57 and a twelve month high of $5.48.

Nokia Oyj (NYSE:NOK - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The technology company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. The company had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same quarter last year, the business earned $0.09 EPS. The company's revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities analysts expect that Nokia Oyj will post 0.34 EPS for the current year.

Nokia Oyj Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be given a dividend of $0.0336 per share. This represents a $0.13 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Monday, May 5th. This is a boost from Nokia Oyj's previous quarterly dividend of $0.02. Nokia Oyj's payout ratio is currently 53.33%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Craig Hallum raised their price objective on Nokia Oyj from $6.00 to $7.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. The Goldman Sachs Group downgraded shares of Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price objective on the stock. in a research report on Thursday, January 16th. StockNews.com upgraded shares of Nokia Oyj from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. dropped their target price on Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat.com, Nokia Oyj currently has a consensus rating of "Moderate Buy" and an average price target of $5.85.

About Nokia Oyj

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.