WisdomTree Investments Inc. (WETF) Short Interest Up 8.5% in October
WisdomTree Investments Inc. (NASDAQ:WETF) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 32,646,107 shares, an increase of 8.5% from the October 14th total of 30,085,807 shares. Approximately 28.6% of the company’s shares are sold short. Based on an average trading volume of 2,099,664 shares, the short-interest ratio is presently 15.5 days.
WETF has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Saturday, October 1st. Credit Suisse Group AG set a $14.00 target price on WisdomTree Investments and gave the company a “buy” rating in a research note on Wednesday, September 28th. Jefferies Group restated a “buy” rating on shares of WisdomTree Investments in a research note on Friday, August 5th. Finally, Citigroup Inc. restated a “sell” rating on shares of WisdomTree Investments in a research note on Tuesday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $13.28.
WisdomTree Investments (NASDAQ:WETF) opened at 9.51 on Friday. The company has a market cap of $1.27 billion, a PE ratio of 29.44 and a beta of 3.10. WisdomTree Investments has a 52-week low of $8.00 and a 52-week high of $22.33. The firm’s 50 day moving average is $9.48 and its 200 day moving average is $10.29.
WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings data on Friday, October 28th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The firm earned $51.80 million during the quarter, compared to the consensus estimate of $51.09 million. WisdomTree Investments had a net margin of 18.03% and a return on equity of 20.75%. The company’s quarterly revenue was down 35.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 earnings per share. Analysts forecast that WisdomTree Investments will post $0.23 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Monday, November 7th. WisdomTree Investments’s dividend payout ratio (DPR) is 96.97%.
In other WisdomTree Investments news, CEO Jonathan L. Steinberg purchased 100,000 shares of the firm’s stock in a transaction on Wednesday, September 14th. The stock was purchased at an average cost of $10.23 per share, for a total transaction of $1,023,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 16.10% of the company’s stock.
Several institutional investors have recently modified their holdings of WETF. Teachers Advisors Inc. boosted its position in shares of WisdomTree Investments by 2.0% in the first quarter. Teachers Advisors Inc. now owns 192,432 shares of the company’s stock valued at $2,199,000 after buying an additional 3,832 shares in the last quarter. BlackRock Inc. boosted its position in shares of WisdomTree Investments by 11.0% in the first quarter. BlackRock Inc. now owns 45,995 shares of the company’s stock valued at $526,000 after buying an additional 4,550 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of WisdomTree Investments by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,373,281 shares of the company’s stock valued at $38,557,000 after buying an additional 26,374 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of WisdomTree Investments by 885.3% in the first quarter. JPMorgan Chase & Co. now owns 626,640 shares of the company’s stock valued at $7,162,000 after buying an additional 563,043 shares in the last quarter. Finally, State Street Corp boosted its position in shares of WisdomTree Investments by 1.7% in the first quarter. State Street Corp now owns 4,014,062 shares of the company’s stock valued at $45,880,000 after buying an additional 67,371 shares in the last quarter. 99.33% of the stock is owned by hedge funds and other institutional investors.
About WisdomTree Investments
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes fundamentally weighted funds that track its own indexes, funds that track third party indexes and actively managed funds. The Company operates through exchange traded products (ETP) sponsor and asset manager providing investment advisory services segment.
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