WisdomTree Investments, Inc. (NASDAQ:WETF) Director Frank Salerno sold 10,024 shares of WisdomTree Investments stock in a transaction dated Tuesday, September 14th. The stock was sold at an average price of $5.89, for a total value of $59,041.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of NASDAQ:WETF traded up $0.05 during midday trading on Wednesday, reaching $5.91. The company’s stock had a trading volume of 7,189 shares, compared to its average volume of 1,004,900. The firm has a market capitalization of $884.09 million, a price-to-earnings ratio of 65.11 and a beta of 1.81. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.24 and a current ratio of 4.15. The firm has a 50 day moving average price of $6.20 and a two-hundred day moving average price of $6.36. WisdomTree Investments, Inc. has a fifty-two week low of $3.06 and a fifty-two week high of $7.38.
WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings results on Friday, July 30th. The asset manager reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $77.60 million for the quarter, compared to analyst estimates of $75.58 million. WisdomTree Investments had a return on equity of 18.36% and a net margin of 6.74%. The company’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 earnings per share. As a group, research analysts anticipate that WisdomTree Investments, Inc. will post 0.36 earnings per share for the current year.
WETF has been the topic of several recent research reports. Zacks Investment Research raised WisdomTree Investments from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a report on Wednesday. Keefe, Bruyette & Woods raised WisdomTree Investments from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $7.50 to $8.00 in a research note on Sunday, August 1st. Finally, Morgan Stanley dropped their price objective on WisdomTree Investments from $7.25 to $6.75 and set an “equal weight” rating on the stock in a research note on Friday, July 9th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $6.82.
A number of hedge funds have recently made changes to their positions in WETF. First Trust Advisors LP lifted its stake in shares of WisdomTree Investments by 24.8% in the first quarter. First Trust Advisors LP now owns 64,753 shares of the asset manager’s stock valued at $457,000 after buying an additional 12,862 shares in the last quarter. M&T Bank Corp lifted its position in WisdomTree Investments by 13.1% in the 1st quarter. M&T Bank Corp now owns 104,930 shares of the asset manager’s stock valued at $656,000 after acquiring an additional 12,127 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in WisdomTree Investments by 91.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 69,197 shares of the asset manager’s stock valued at $432,000 after purchasing an additional 32,979 shares during the last quarter. BlackRock Inc. increased its holdings in WisdomTree Investments by 7.4% during the 1st quarter. BlackRock Inc. now owns 20,233,176 shares of the asset manager’s stock worth $126,457,000 after purchasing an additional 1,397,235 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of WisdomTree Investments by 2.5% in the first quarter. Principal Financial Group Inc. now owns 786,470 shares of the asset manager’s stock worth $4,916,000 after purchasing an additional 18,846 shares during the last quarter. Institutional investors and hedge funds own 70.06% of the company’s stock.
WisdomTree Investments Company Profile
WisdomTree Investments, Inc operates as an asset management company that focuses on Exchange Traded Products (ETPs). It distributes ETPs within the asset management industry, including brokerage firms, registered investment advisors, institutional investors, private wealth managers and discount brokers.
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