WisdomTree Investments Inc. (WETF) Trading Down 2.6%
Shares of WisdomTree Investments Inc. (NASDAQ:WETF) traded down 2.6% during mid-day trading on Tuesday . The company traded as low as $10.23 and last traded at $10.31, with a volume of 792,554 shares changing hands. The stock had previously closed at $10.58.
A number of analysts have recently issued reports on the stock. Jefferies Group reiterated a “buy” rating on shares of WisdomTree Investments in a report on Friday, August 5th. Zacks Investment Research upgraded shares of WisdomTree Investments from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Credit Suisse Group AG reiterated a “buy” rating on shares of WisdomTree Investments in a report on Monday, August 1st. Bank of America Corp. downgraded shares of WisdomTree Investments from a “buy” rating to a “neutral” rating in a report on Tuesday, June 28th. Finally, Citigroup Inc. reissued a “sell” rating and issued a $6.00 target price on shares of WisdomTree Investments in a research note on Tuesday, June 21st. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $14.04.
The firm has a market capitalization of $1.39 billion and a P/E ratio of 24.072. The stock’s 50 day moving average price is $10.54 and its 200 day moving average price is $11.16.
WisdomTree Investments (NASDAQ:WETF) last issued its earnings results on Friday, July 29th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The firm had revenue of $55.98 million for the quarter, compared to analyst estimates of $55.01 million. WisdomTree Investments’s revenue for the quarter was down 31.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 earnings per share. Equities analysts forecast that WisdomTree Investments Inc. will post $0.23 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Monday, August 8th.
In other news, Director Anthony Bossone bought 50,000 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were bought at an average cost of $9.90 per share, with a total value of $495,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Other large investors recently added to or reduced their stakes in the company. Matarin Capital Management LLC bought a new stake in WisdomTree Investments during the fourth quarter worth approximately $4,016,000. Trexquant Investment LP acquired a new stake in shares of WisdomTree Investments during the fourth quarter valued at about $1,537,000. Finally, Airain ltd acquired a new stake in shares of WisdomTree Investments during the fourth quarter valued at about $1,382,000.
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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