WisdomTree Investments, Inc. (WETF) Shares Down 0.4%
WisdomTree Investments, Inc. (NASDAQ:WETF) traded down 0.4% on Monday . The company traded as low as $11.13 and last traded at $11.94. 1,593,800 shares traded hands during trading, a decline of 23% from the average session volume of 2,063,135 shares. The stock had previously closed at $11.89.
A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed an “underperform” rating on shares of WisdomTree Investments in a research report on Thursday, August 10th. BidaskClub downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Friday, August 11th. ValuEngine raised WisdomTree Investments from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Gabelli reissued a “buy” rating on shares of WisdomTree Investments in a report on Monday, July 31st. Finally, UBS AG reissued a “sell” rating and issued a $8.00 price target (up previously from $7.50) on shares of WisdomTree Investments in a report on Monday, July 31st. Six analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $11.22.
The firm has a market cap of $1,634.73, a P/E ratio of 51.91, a PEG ratio of 2.97 and a beta of 3.18.
WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings data on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The firm had revenue of $57.99 million during the quarter, compared to analysts’ expectations of $57.89 million. During the same period last year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. analysts predict that WisdomTree Investments, Inc. will post 0.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Tuesday, November 7th. WisdomTree Investments’s payout ratio is 145.46%.
Large investors have recently made changes to their positions in the company. Everence Capital Management Inc. purchased a new position in shares of WisdomTree Investments in the third quarter worth about $103,000. Penserra Capital Management LLC purchased a new position in shares of WisdomTree Investments in the second quarter worth about $107,000. 3D Asset Management Inc. purchased a new position in WisdomTree Investments during the third quarter valued at approximately $112,000. Traynor Capital Management Inc. purchased a new position in WisdomTree Investments during the third quarter valued at approximately $111,000. Finally, Shelton Capital Management purchased a new position in WisdomTree Investments during the second quarter valued at approximately $116,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.
WisdomTree Investments Company Profile
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. It operates as an exchange traded products sponsor and asset manager providing investment advisory services in the United States, Europe, Canada and Japan.
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