Wisdom Tree Investments (NASDAQ:WETF) Shares Down 6.6%

Wisdom Tree Investments Inc (NASDAQ:WETF) traded down 6.6% during mid-day trading on Friday . The company traded as low as $4.80 and last traded at $4.81, 1,144,268 shares traded hands during mid-day trading. A decline of 35% from the average session volume of 1,766,399 shares. The stock had previously closed at $5.15.

A number of analysts have issued reports on the stock. Morgan Stanley upgraded shares of Wisdom Tree Investments from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $5.25 to $6.00 in a research note on Wednesday. BidaskClub upgraded shares of Wisdom Tree Investments from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 1st. Zacks Investment Research upgraded shares of Wisdom Tree Investments from a “hold” rating to a “buy” rating and set a $4.75 target price for the company in a research note on Saturday, January 11th. Finally, Northland Securities reiterated a “hold” rating and issued a $6.50 target price on shares of Wisdom Tree Investments in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $5.75.

The stock’s 50 day moving average price is $4.36 and its two-hundred day moving average price is $4.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.56 and a quick ratio of 1.67. The firm has a market capitalization of $797.02 million, a price-to-earnings ratio of 48.30, a PEG ratio of 2.37 and a beta of 1.62.

Wisdom Tree Investments (NASDAQ:WETF) last issued its quarterly earnings data on Friday, January 31st. The asset manager reported $0.06 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.06. Wisdom Tree Investments had a net margin of 7.34% and a return on equity of 9.95%. The business had revenue of $68.90 million during the quarter, compared to analysts’ expectations of $67.90 million. During the same period in the previous year, the company earned $0.06 earnings per share. Wisdom Tree Investments’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, equities research analysts anticipate that Wisdom Tree Investments Inc will post 0.26 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Tuesday, February 11th. Wisdom Tree Investments’s payout ratio is 54.55%.

In other news, President R Jarrett Lilien acquired 23,529 shares of Wisdom Tree Investments stock in a transaction dated Monday, February 3rd. The stock was acquired at an average cost of $4.29 per share, for a total transaction of $100,939.41. Also, CEO Jonathan L. Steinberg acquired 177,099 shares of Wisdom Tree Investments stock in a transaction dated Monday, February 3rd. The stock was purchased at an average price of $4.29 per share, with a total value of $759,754.71. Insiders bought 225,628 shares of company stock valued at $967,944 over the last 90 days. 14.90% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of WETF. ArrowMark Colorado Holdings LLC increased its position in Wisdom Tree Investments by 14.1% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 16,424,497 shares of the asset manager’s stock worth $79,495,000 after acquiring an additional 2,033,925 shares during the period. Fred Alger Management LLC increased its position in Wisdom Tree Investments by 0.3% during the fourth quarter. Fred Alger Management LLC now owns 9,417,199 shares of the asset manager’s stock worth $45,579,000 after acquiring an additional 30,008 shares during the period. State Street Corp increased its position in Wisdom Tree Investments by 5.4% during the fourth quarter. State Street Corp now owns 3,943,293 shares of the asset manager’s stock worth $19,086,000 after acquiring an additional 201,302 shares during the period. Renaissance Technologies LLC increased its position in Wisdom Tree Investments by 26.7% during the fourth quarter. Renaissance Technologies LLC now owns 2,889,089 shares of the asset manager’s stock worth $13,983,000 after acquiring an additional 609,287 shares during the period. Finally, Millennium Management LLC increased its position in Wisdom Tree Investments by 13.6% during the third quarter. Millennium Management LLC now owns 2,780,072 shares of the asset manager’s stock worth $14,525,000 after acquiring an additional 333,687 shares during the period. Institutional investors and hedge funds own 72.40% of the company’s stock.

Wisdom Tree Investments Company Profile (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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