Wisdom Tree Investments (WETF) Sees Large Volume Increase

Wisdom Tree Investments Inc (NASDAQ:WETF) saw an uptick in trading volume on Monday . 5,571,668 shares traded hands during trading, an increase of 235% from the previous session’s volume of 1,664,213 shares.The stock last traded at $6.30 and had previously closed at $5.97.

A number of brokerages have commented on WETF. Credit Suisse Group reduced their target price on shares of Wisdom Tree Investments from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Monday, October 29th. Morgan Stanley set a $9.00 price objective on shares of Wisdom Tree Investments and gave the stock a “hold” rating in a research note on Wednesday, November 14th. Zacks Investment Research raised shares of Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. Citigroup raised shares of Wisdom Tree Investments from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $6.00 to $6.50 in a research note on Tuesday, December 18th. Finally, ValuEngine cut shares of Wisdom Tree Investments from a “sell” rating to a “strong sell” rating in a research note on Monday, February 4th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $8.70.

The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.77 and a current ratio of 1.84. The company has a market capitalization of $913.63 million, a PE ratio of 19.69, a price-to-earnings-growth ratio of 2.31 and a beta of 1.66.

Wisdom Tree Investments (NASDAQ:WETF) last announced its quarterly earnings data on Friday, February 1st. The asset manager reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.02). The firm had revenue of $67.90 million during the quarter, compared to analysts’ expectations of $68.18 million. Wisdom Tree Investments had a return on equity of 16.32% and a net margin of 13.33%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the company earned $0.04 earnings per share. As a group, analysts anticipate that Wisdom Tree Investments Inc will post 0.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 27th. Stockholders of record on Wednesday, February 13th will be paid a $0.03 dividend. The ex-dividend date is Tuesday, February 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.90%. Wisdom Tree Investments’s dividend payout ratio (DPR) is presently 37.50%.

In related news, insider Peter M. Ziemba bought 16,000 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The stock was purchased at an average price of $6.07 per share, for a total transaction of $97,120.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Amit Muni bought 13,500 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The shares were bought at an average price of $5.99 per share, with a total value of $80,865.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 164,500 shares of company stock valued at $982,285. Corporate insiders own 14.50% of the company’s stock.

Large investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund bought a new position in shares of Wisdom Tree Investments during the fourth quarter worth $44,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Wisdom Tree Investments by 62.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,320 shares of the asset manager’s stock valued at $69,000 after purchasing an additional 3,956 shares during the last quarter. AlphaCrest Capital Management LLC bought a new position in Wisdom Tree Investments during the fourth quarter valued at $159,000. Virtu Financial LLC bought a new position in Wisdom Tree Investments during the fourth quarter valued at $182,000. Finally, Victory Capital Management Inc. lifted its position in Wisdom Tree Investments by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 51,792 shares of the asset manager’s stock valued at $344,000 after purchasing an additional 2,018 shares during the last quarter. Hedge funds and other institutional investors own 71.26% of the company’s stock.

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About Wisdom Tree Investments (NASDAQ:WETF)

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.

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