Nationwide Fund Advisors Raises Stake in WisdomTree Investments Inc. (WETF)
Nationwide Fund Advisors boosted its position in WisdomTree Investments Inc. (NASDAQ:WETF) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 263,630 shares of the company’s stock after buying an additional 1,853 shares during the period. Nationwide Fund Advisors owned approximately 0.20% of WisdomTree Investments worth $2,581,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealthsource Partners LLC purchased a new position in WisdomTree Investments during the first quarter worth about $188,000. Shufro Rose & Co. LLC bought a new position in WisdomTree Investments during the second quarter worth $196,000. Suntrust Banks Inc. increased its position in WisdomTree Investments by 5.6% in the second quarter. Suntrust Banks Inc. now owns 23,279 shares of the company’s stock worth $227,000 after buying an additional 1,233 shares in the last quarter. Capstone Asset Management Co. increased its position in WisdomTree Investments by 27.5% in the second quarter. Capstone Asset Management Co. now owns 25,990 shares of the company’s stock worth $254,000 after buying an additional 5,600 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in WisdomTree Investments during the second quarter worth $290,000. Institutional investors and hedge funds own 96.12% of the company’s stock.
WisdomTree Investments Inc. (NASDAQ:WETF) traded up 1.56% during mid-day trading on Monday, reaching $10.39. The company had a trading volume of 171,138 shares. The company’s 50-day moving average is $10.24 and its 200-day moving average is $10.75. The stock has a market capitalization of $1.39 billion, a PE ratio of 24.11 and a beta of 2.65. WisdomTree Investments Inc. has a one year low of $8.70 and a one year high of $22.33.
WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm earned $55.98 million during 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%. The company’s quarterly revenue was down 31.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 earnings per share. Equities research analysts anticipate that WisdomTree Investments Inc. will post $0.23 earnings per share for the current year.
A number of research analysts have weighed in on WETF shares. Jefferies Group restated a “buy” rating and issued a $13.00 price target on shares of WisdomTree Investments in a research note on Tuesday, July 5th. Credit Suisse Group AG restated a “buy” rating on shares of WisdomTree Investments in a research note on Monday, August 1st. Zacks Investment Research upgraded WisdomTree Investments from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Finally, Bank of America Corp. downgraded WisdomTree Investments from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $13.85.
In related news, CEO Jonathan L. Steinberg acquired 250,000 shares of the stock in a transaction dated Friday, August 19th. The stock was purchased at an average cost of $10.16 per share, with a total value of $2,540,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony Bossone acquired 50,000 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was bought at an average cost of $9.90 per share, with a total value of $495,000.00. The disclosure for this purchase can be found here. 16.10% of the stock is owned by 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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