WisdomTree Investments, Inc. (WETF) Shares Sold by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP decreased its stake in WisdomTree Investments, Inc. (NASDAQ:WETF) by 1.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,508,433 shares of the asset manager’s stock after selling 45,226 shares during the period. Dimensional Fund Advisors LP’s holdings in WisdomTree Investments were worth $22,776,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of WETF. Oregon Public Employees Retirement Fund raised its stake 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 valued at $362,000 after buying an additional 600 shares during the period. Whittier Trust Co. raised its stake in shares of WisdomTree Investments by 5.3% in the first quarter. Whittier Trust Co. now owns 87,691 shares of the asset manager’s stock valued at $796,000 after buying an additional 4,413 shares during the period. Russell Investments Group Ltd. raised its stake in shares of WisdomTree Investments by 57.5% in the first quarter. Russell Investments Group Ltd. now owns 518,282 shares of the asset manager’s stock valued at $4,707,000 after buying an additional 189,168 shares during the period. Stonebridge Capital Management Inc. raised its stake in shares of WisdomTree Investments by 42.8% in the first quarter. Stonebridge Capital Management Inc. now owns 24,665 shares of the asset manager’s stock valued at $224,000 after buying an additional 7,390 shares during the period. Finally, Granite Investment Partners LLC raised its stake in shares of WisdomTree Investments by 86.8% in the first quarter. Granite Investment Partners LLC now owns 972,461 shares of the asset manager’s stock valued at $8,830,000 after buying an additional 451,992 shares during the period. 95.28% of the stock is owned by hedge funds and other institutional investors.
WisdomTree Investments, Inc. (WETF) traded down 1.03% on Wednesday, hitting $9.57. The stock had a trading volume of 222,967 shares. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 43.70 and a beta of 3.09. WisdomTree Investments, Inc. has a 52-week low of $7.87 and a 52-week high of $13.32. The company’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 quarterly earnings results on Friday, July 28th. The asset manager reported $0.09 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $57.27 million. During the same quarter last year, the firm earned $0.07 EPS. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. Analysts expect that WisdomTree Investments, Inc. will post $0.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Monday, August 7th. WisdomTree Investments’s payout ratio is 145.46%.
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Several brokerages have issued reports on WETF. ValuEngine lowered WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Zacks Investment Research lowered WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. BidaskClub lowered WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Gabelli reaffirmed a “buy” rating on shares of WisdomTree Investments in a research note on Monday, July 31st. Finally, UBS AG reiterated a “sell” rating and issued a $8.00 price objective (up previously from $7.50) on shares of WisdomTree Investments in a report on Monday, July 31st. Four 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 stock presently has a consensus rating of “Hold” and an average price target of $10.11.
In related news, Director Bruce I. Lavine sold 10,289 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $10.10, for a total value of $103,918.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.60% of the stock is currently owned by company insiders.
About WisdomTree Investments
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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