WisdomTree Investments, Inc. (NASDAQ:WETF) Director Bruce I. Lavine sold 10,289 shares of the company’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of WisdomTree Investments, Inc. (NASDAQ:WETF) opened at 9.67 on Wednesday. WisdomTree Investments, Inc. 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’s 50-day moving average price is $10.31 and its 200-day moving average price is $9.48.

WisdomTree Investments (NASDAQ:WETF) last announced its earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02. WisdomTree Investments had a net margin of 13.33% and a return on equity of 15.41%. The firm had revenue of $63.40 million for the quarter, compared to analyst estimates of $57.27 million. During the same quarter in the prior year, the business posted $0.07 EPS. The business’s revenue was up 13.2% compared to the same quarter last year. Equities analysts predict that WisdomTree Investments, Inc. will post $0.25 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.31%. WisdomTree Investments’s payout ratio is presently 145.46%.

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Several hedge funds and other institutional investors have recently made changes to their positions in WETF. Bank of Montreal Can raised its position in shares of WisdomTree Investments by 0.7% in the second quarter. Bank of Montreal Can now owns 50,078 shares of the asset manager’s stock worth $508,000 after buying an additional 356 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of WisdomTree Investments by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 39,845 shares of the asset manager’s stock worth $362,000 after buying an additional 600 shares during the last quarter. Texas Permanent School Fund raised its position in shares of WisdomTree Investments by 0.8% in the second quarter. Texas Permanent School Fund now owns 83,782 shares of the asset manager’s stock worth $852,000 after buying an additional 692 shares during the last quarter. California Public Employees Retirement System raised its position in shares of WisdomTree Investments by 1.6% in the first quarter. California Public Employees Retirement System now owns 50,100 shares of the asset manager’s stock worth $455,000 after buying an additional 800 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of WisdomTree Investments by 0.8% in the second quarter. Rhumbline Advisers now owns 219,491 shares of the asset manager’s stock worth $2,232,000 after buying an additional 1,729 shares during the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.

A number of research analysts recently commented on the company. Northland Securities reissued a “hold” rating and issued a $10.50 price target on shares of WisdomTree Investments in a report on Sunday, July 30th. ValuEngine upgraded WisdomTree Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub cut WisdomTree Investments from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Gabelli reiterated a “buy” rating on shares of WisdomTree Investments in a research report on Monday, July 31st. Finally, UBS AG reiterated a “sell” rating and set a $8.00 price target (up from $7.50) on shares of WisdomTree Investments in a research report on Monday, July 31st. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $10.11.

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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