Wisdom Tree Investments Inc (NASDAQ:WETF) Receives Average Recommendation of “Sell” from Analysts

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Wisdom Tree Investments Inc (NASDAQ:WETF) has earned a consensus rating of “Sell” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $6.83.

WETF has been the topic of a number of recent research reports. Zacks Investment Research lowered Wisdom Tree Investments from a “hold” rating to a “sell” rating in a research report on Sunday, November 3rd. Morgan Stanley reduced their price target on shares of Wisdom Tree Investments from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 8th. Northland Securities restated a “hold” rating and set a $6.50 price objective on shares of Wisdom Tree Investments in a research note on Friday, October 25th. BidaskClub downgraded shares of Wisdom Tree Investments from a “sell” rating to a “strong sell” rating in a report on Monday, November 25th. Finally, ValuEngine upgraded shares of Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

Shares of WETF opened at $4.81 on Tuesday. The stock has a 50-day moving average of $5.07 and a two-hundred day moving average of $5.59. Wisdom Tree Investments has a one year low of $4.55 and a one year high of $8.04. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.67 and a current ratio of 1.72. The stock has a market cap of $754.33 million, a P/E ratio of 15.03, a P/E/G ratio of 2.86 and a beta of 1.50.

Wisdom Tree Investments (NASDAQ:WETF) last announced its quarterly earnings data on Friday, October 25th. The asset manager reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Wisdom Tree Investments had a return on equity of 10.05% and a net margin of 1.46%. The business had revenue of $67.70 million for the quarter, compared to analyst estimates of $66.88 million. During the same period in the prior year, the company earned $0.13 earnings per share. The company’s revenue was down 6.7% on a year-over-year basis. Analysts predict that Wisdom Tree Investments will post 0.21 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.49%. Wisdom Tree Investments’s payout ratio is currently 37.50%.

In related news, Director Frank Salerno sold 6,672 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $5.34, for a total transaction of $35,628.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Anthony Bossone bought 100,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average cost of $4.99 per share, for a total transaction of $499,000.00. The disclosure for this purchase can be found here. Insiders own 14.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in WETF. Jacobs Asset Management LLC purchased a new stake in shares of Wisdom Tree Investments during the 2nd quarter worth about $2,205,000. Philadelphia Financial Management of San Francisco LLC purchased a new stake in Wisdom Tree Investments in the 3rd quarter worth $6,039,000. Fisher Asset Management LLC raised its position in Wisdom Tree Investments by 1.8% during the third quarter. Fisher Asset Management LLC now owns 981,088 shares of the asset manager’s stock worth $5,126,000 after acquiring an additional 17,592 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in Wisdom Tree Investments by 13.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 19,574 shares of the asset manager’s stock worth $121,000 after acquiring an additional 2,260 shares during the period. Finally, State of New Jersey Common Pension Fund D acquired a new position in Wisdom Tree Investments during the third quarter worth $1,890,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Wisdom Tree Investments Company Profile

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.

Read More: What are high-yield dividend stocks?

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