WisdomTree Investments Inc. (WETF) Shares Bought by Trillium Asset Management LLC
Trillium Asset Management LLC increased its stake in WisdomTree Investments Inc. (NASDAQ:WETF) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 518,532 shares of the company’s stock after buying an additional 12,460 shares during the period. Trillium Asset Management LLC’s holdings in WisdomTree Investments were worth $5,076,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in WisdomTree Investments by 25.9% in the first quarter. Wellington Management Group LLP now owns 19,218,783 shares of the company’s stock valued at $219,671,000 after buying an additional 3,956,785 shares during the period. TimesSquare Capital Management LLC increased its stake in WisdomTree Investments by 10.2% in the first quarter. TimesSquare Capital Management LLC now owns 6,076,505 shares of the company’s stock valued at $69,454,000 after buying an additional 561,500 shares during the period. State Street Corp increased its stake in WisdomTree Investments by 1.7% in the first quarter. State Street Corp now owns 4,014,062 shares of the company’s stock valued at $45,880,000 after buying an additional 67,371 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in WisdomTree Investments by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,373,281 shares of the company’s stock valued at $38,557,000 after buying an additional 26,374 shares during the period. Finally, Royce & Associates LP increased its stake in WisdomTree Investments by 14.4% in the first quarter. Royce & Associates LP now owns 2,175,000 shares of the company’s stock valued at $24,860,000 after buying an additional 273,000 shares during the period. Institutional investors own 96.12% of the company’s stock.
Shares of WisdomTree Investments Inc. (NASDAQ:WETF) traded up 0.29% during trading on Thursday, hitting $10.33. The stock had a trading volume of 1,490,963 shares. The stock has a market capitalization of $1.39 billion, a P/E ratio of 23.97 and a beta of 2.65. The stock’s 50-day moving average is $10.23 and its 200-day moving average is $10.77. WisdomTree Investments Inc. has a 12-month low of $8.70 and a 12-month high of $22.33.
WisdomTree Investments (NASDAQ:WETF) last released its earnings results on Friday, July 29th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $55.98 million for the quarter, compared to the consensus estimate of $55.01 million. WisdomTree Investments had a return on equity of 26.72% and a net margin of 21.72%. WisdomTree Investments’s quarterly revenue was down 31.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 earnings per share. Analysts predict that WisdomTree Investments Inc. will post $0.23 EPS for the current fiscal year.
WETF has been the subject of several recent analyst reports. Zacks Investment Research upgraded WisdomTree Investments from a “sell” rating to a “hold” rating in a research note on Saturday, June 25th. Jefferies Group restated a “buy” rating and set a $13.00 target price on shares of WisdomTree Investments in a research note on Tuesday, July 5th. Citigroup Inc. restated a “sell” rating and set a $6.00 target price on shares of WisdomTree Investments in a research note on Tuesday, June 21st. Credit Suisse Group AG set a $14.00 target price on WisdomTree Investments and gave the company a “buy” rating in a research note on Wednesday, September 28th. Finally, Bank of America Corp. downgraded WisdomTree Investments from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $13.85.
In related news, Director Anthony Bossone bought 50,000 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were acquired at an average price of $9.90 per share, with a total value of $495,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jonathan L. Steinberg bought 100,000 shares of the stock in a transaction that occurred on Wednesday, September 14th. The stock was bought at an average cost of $10.23 per share, for a total transaction of $1,023,000.00. The disclosure for this purchase can be found here. 16.10% of the stock is owned by corporate insiders.
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 fundamentally weighted funds that track its own indexes, funds that track third party indexes and actively managed funds. The Company operates through exchange traded products (ETP) sponsor and asset manager providing investment advisory services segment.
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