Wisdom Tree Investments (WETF) Trading Down 0.7%

Wisdom Tree Investments Inc (NASDAQ:WETF)’s share price traded down 0.7% during trading on Thursday . The stock traded as low as $7.33 and last traded at $7.34. 48,621 shares were traded during mid-day trading, a decline of 96% from the average session volume of 1,365,679 shares. The stock had previously closed at $7.39.

Several equities analysts have commented on the stock. ValuEngine raised shares of Wisdom Tree Investments from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 3rd. Morgan Stanley decreased their target price on shares of Wisdom Tree Investments from $10.00 to $9.50 and set an “equal weight” rating on the stock in a report on Tuesday. BidaskClub lowered shares of Wisdom Tree Investments from a “hold” rating to a “sell” rating in a report on Thursday, June 28th. Citigroup reduced their price target on shares of Wisdom Tree Investments from $7.00 to $6.00 and set a “sell” rating on the stock in a research note on Thursday, September 20th. Finally, Keefe, Bruyette & Woods downgraded shares of Wisdom Tree Investments from an “outperform” rating to a “mkt perform” rating in a research note on Friday, July 13th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $11.10.

The company has a current ratio of 1.63, a quick ratio of 1.57 and a debt-to-equity ratio of 0.55. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 30.29, a P/E/G ratio of 1.56 and a beta of 2.47.

Wisdom Tree Investments (NASDAQ:WETF) last posted its quarterly earnings results on Friday, July 27th. The asset manager reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. Wisdom Tree Investments had a net margin of 13.54% and a return on equity of 16.31%. The company had revenue of $74.80 million for the quarter, compared to the consensus estimate of $75.22 million. During the same period last year, the company posted $0.06 EPS. The firm’s quarterly revenue was up 33.1% compared to the same quarter last year. On average, equities research analysts forecast that Wisdom Tree Investments Inc will post 0.36 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Wisdom Tree Investments by 12.1% in the 2nd quarter. BlackRock Inc. now owns 15,185,561 shares of the asset manager’s stock valued at $137,884,000 after purchasing an additional 1,641,879 shares in the last quarter. Janus Henderson Group PLC boosted its position in Wisdom Tree Investments by 30.1% during the 2nd quarter. Janus Henderson Group PLC now owns 5,843,638 shares of the asset manager’s stock worth $53,060,000 after buying an additional 1,352,345 shares during the period. FMR LLC boosted its position in Wisdom Tree Investments by 33.7% during the 2nd quarter. FMR LLC now owns 3,488,433 shares of the asset manager’s stock worth $31,676,000 after buying an additional 878,486 shares during the period. Dimensional Fund Advisors LP boosted its position in Wisdom Tree Investments by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,222,092 shares of the asset manager’s stock worth $29,258,000 after buying an additional 84,136 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in Wisdom Tree Investments during the 2nd quarter worth approximately $22,638,000. Institutional investors own 71.39% of the company’s stock.

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.

See Also: Leveraged Buyout (LBO)

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