WisdomTree Investments, Inc. (NASDAQ:WETF) has earned a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $9.86.
Several brokerages recently issued reports on WETF. ValuEngine cut WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Zacks Investment Research cut WisdomTree Investments from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. BidaskClub cut WisdomTree Investments from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Gabelli reaffirmed a “buy” rating on shares of WisdomTree Investments in a report on Monday, July 31st. Finally, UBS AG reaffirmed a “sell” rating and set a $8.00 price objective (up from $7.50) on shares of WisdomTree Investments in a report on Monday, July 31st.
Shares of WisdomTree Investments (WETF) traded down 3.40% during mid-day trading on Friday, hitting $9.67. The company had a trading volume of 1,396,578 shares. WisdomTree Investments has a 12 month low of $7.87 and a 12 month high of $13.32. The firm has a market capitalization of $1.30 billion, a P/E ratio of 44.16 and a beta of 3.09. The firm has a 50-day moving average price of $10.31 and a 200 day moving average price of $9.48.
WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings data on Friday, July 28th. The asset manager reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The firm had revenue of $63.40 million during the quarter, compared to analysts’ expectations of $57.27 million. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. WisdomTree Investments’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 earnings per share. On average, equities research analysts forecast that WisdomTree Investments will post $0.25 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Monday, August 7th. WisdomTree Investments’s dividend payout ratio is currently 145.46%.
In other news, Director Bruce I. Lavine sold 10,289 shares of WisdomTree Investments stock in a transaction on Friday, August 4th. The stock was sold at an average price of $10.10, for a total value of $103,918.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 16.60% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Penserra Capital Management LLC purchased a new stake in WisdomTree Investments during the second quarter worth about $107,000. State of Alaska Department of Revenue purchased a new stake in WisdomTree Investments during the first quarter worth about $115,000. Capstone Asset Management Co. purchased a new stake in WisdomTree Investments during the first quarter worth about $120,000. Tudor Investment Corp ET AL purchased a new stake in WisdomTree Investments during the first quarter worth about $123,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in WisdomTree Investments during the second quarter worth about $133,000. 95.28% of the stock is owned by hedge funds and other institutional investors.
WisdomTree Investments Company Profile
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. It operates as an exchange traded products sponsor and asset manager providing investment advisory services in the United States, Europe, Canada and Japan.
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