WisdomTree Investments (NASDAQ:WETF) Sets New 12-Month Low at $4.75

WisdomTree Investments, Inc. (NASDAQ:WETFGet Rating)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $4.75 and last traded at $4.77, with a volume of 2007 shares traded. The stock had previously closed at $4.83.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of WisdomTree Investments from $6.00 to $5.00 and set a “hold” rating for the company in a research report on Wednesday, July 13th. Keefe, Bruyette & Woods cut shares of WisdomTree Investments from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $7.25 to $6.00 in a research report on Tuesday, June 28th. Morgan Stanley cut their price objective on shares of WisdomTree Investments from $6.75 to $6.00 and set an “equal weight” rating for the company in a research report on Thursday, June 30th. The Goldman Sachs Group dropped their price target on shares of WisdomTree Investments from $5.00 to $4.50 and set a “sell” rating for the company in a research report on Wednesday, June 29th. Finally, StockNews.com upgraded shares of WisdomTree Investments from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $5.38.

WisdomTree Investments Stock Down 1.2 %

The company has a quick ratio of 0.63, a current ratio of 1.17 and a debt-to-equity ratio of 0.57. The stock has a market cap of $699.23 million, a price-to-earnings ratio of 60.38 and a beta of 1.51. The business’s fifty day moving average is $5.17 and its two-hundred day moving average is $5.94.

WisdomTree Investments (NASDAQ:WETFGet Rating) last announced its quarterly earnings data on Friday, July 29th. The asset manager reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $77.25 million during the quarter, compared to analyst estimates of $76.68 million. WisdomTree Investments had a net margin of 4.72% and a return on equity of 22.05%. Equities analysts forecast that WisdomTree Investments, Inc. will post 0.3 earnings per share for the current fiscal year.

WisdomTree Investments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend was Tuesday, August 9th. WisdomTree Investments’s dividend payout ratio (DPR) is currently 150.02%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WETF. SMH Capital Advisors Inc. lifted its stake in WisdomTree Investments by 34,563.8% in the second quarter. SMH Capital Advisors Inc. now owns 7,868,000 shares of the asset manager’s stock worth $7,730,000 after acquiring an additional 7,845,302 shares during the last quarter. Bridgewater Associates LP lifted its stake in WisdomTree Investments by 1,309.9% in the second quarter. Bridgewater Associates LP now owns 2,201,350 shares of the asset manager’s stock worth $11,161,000 after acquiring an additional 2,045,218 shares during the last quarter. Phase 2 Partners LLC purchased a new position in WisdomTree Investments in the first quarter worth approximately $4,792,000. Toroso Investments LLC lifted its stake in WisdomTree Investments by 38.5% in the fourth quarter. Toroso Investments LLC now owns 2,516,957 shares of the asset manager’s stock worth $15,403,000 after acquiring an additional 699,449 shares during the last quarter. Finally, Cooper Creek Partners Management LLC purchased a new position in WisdomTree Investments in the first quarter worth approximately $3,715,000. Institutional investors and hedge funds own 95.95% of the company’s stock.

WisdomTree Investments Company Profile

(Get Rating)

WisdomTree Investments, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.

Recommended Stories

Receive News & Ratings for WisdomTree Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WisdomTree Investments and related companies with MarketBeat.com's FREE daily email newsletter.