Short Interest in WisdomTree Investments Inc. (WETF) Drops By 10.4%
WisdomTree Investments Inc. (NASDAQ:WETF) was the target of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 29,262,644 shares, a drop of 10.4% from the October 31st total of 32,646,107 shares. Based on an average daily trading volume, of 2,726,792 shares, the days-to-cover ratio is currently 10.7 days. Currently, 25.7% of the company’s shares are short sold.
Shares of WisdomTree Investments (NASDAQ:WETF) opened at 11.02 on Monday. The firm has a 50 day moving average price of $9.52 and a 200-day moving average price of $10.29. WisdomTree Investments has a 12-month low of $8.00 and a 12-month high of $22.33. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 34.12 and a beta of 3.10.
WisdomTree Investments (NASDAQ:WETF) last released its earnings results on Friday, October 28th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $51.80 million for the quarter, compared to analysts’ expectations of $51.09 million. WisdomTree Investments had a return on equity of 20.75% and a net margin of 18.03%. The company’s quarterly revenue was down 35.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 earnings per share. On average, equities analysts expect that WisdomTree Investments will post $0.23 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, November 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.90%. WisdomTree Investments’s dividend payout ratio is 96.97%.
In other WisdomTree Investments news, CEO Jonathan L. Steinberg acquired 100,000 shares of the company’s stock in a transaction on Wednesday, September 14th. The stock was acquired at an average price 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 accessible through the SEC website. 16.10% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rational Advisors LLC purchased a new stake in shares of WisdomTree Investments during the second quarter worth about $113,000. MSI Financial Services Inc raised its stake in shares of WisdomTree Investments by 36.4% in the third quarter. MSI Financial Services Inc now owns 10,959 shares of the company’s stock worth $113,000 after buying an additional 2,925 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of WisdomTree Investments during the third quarter worth about $113,000. Amalgamated Bank raised its stake in shares of WisdomTree Investments by 10.4% in the second quarter. Amalgamated Bank now owns 13,840 shares of the company’s stock worth $144,000 after buying an additional 1,304 shares during the last quarter. Finally, Advantus Capital Management Inc raised its stake in shares of WisdomTree Investments by 1.8% in the third quarter. Advantus Capital Management Inc now owns 13,963 shares of the company’s stock worth $144,000 after buying an additional 247 shares during the last quarter. 95.31% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on the company. Credit Suisse Group AG reiterated a “buy” rating on shares of WisdomTree Investments in a report on Monday, August 1st. Zacks Investment Research upgraded WisdomTree Investments from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. 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 equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $13.28.
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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