WisdomTree Investments, Inc. (WETF) Short Interest Down 4.9% in July
WisdomTree Investments, Inc. (NASDAQ:WETF) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 24,829,979 shares, a decline of 4.9% from the July 14th total of 26,098,361 shares. Currently, 21.7% of the company’s shares are sold short. Based on an average trading volume of 1,500,566 shares, the days-to-cover ratio is currently 16.5 days.
WETF has been the topic of several analyst reports. Zacks Investment Research raised shares of WisdomTree Investments from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Tuesday, July 4th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $14.00 target price on shares of WisdomTree Investments in a research note on Wednesday, June 28th. BidaskClub raised shares of WisdomTree Investments from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Citigroup Inc. raised shares of WisdomTree Investments from a “neutral” rating to a “buy” rating and set a $10.50 target price on the stock in a research note on Monday, May 15th. Finally, Gabelli reaffirmed a “buy” rating on shares of WisdomTree Investments in a research note on Monday, July 31st. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $10.11.
In other news, Director Bruce I. Lavine sold 10,289 shares of the business’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 16.10% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Penserra Capital Management LLC acquired a new stake in WisdomTree Investments during the second quarter valued at $107,000. State of Alaska Department of Revenue acquired a new stake in WisdomTree Investments during the first quarter valued at $115,000. Quantitative Systematic Strategies LLC acquired a new stake in WisdomTree Investments during the second quarter valued at $133,000. Capstone Asset Management Co. acquired a new stake in WisdomTree Investments during the first quarter valued at $120,000. Finally, Aperio Group LLC increased its stake in WisdomTree Investments by 31.7% in the second quarter. Aperio Group LLC now owns 13,353 shares of the asset manager’s stock valued at $136,000 after buying an additional 3,212 shares during the period. Institutional investors and hedge funds own 95.28% of the company’s stock.
WisdomTree Investments (NASDAQ:WETF) opened at 9.30 on Friday. WisdomTree Investments has a 12 month low of $7.87 and a 12 month high of $13.32. The firm’s 50-day moving average is $10.26 and its 200-day moving average is $9.44. The stock has a market capitalization of $1.25 billion, a P/E ratio of 42.27 and a beta of 3.09.
WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $63.40 million during the quarter, compared to the consensus estimate of $57.27 million. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. During the same period last year, the company earned $0.07 earnings per share. WisdomTree Investments’s revenue was up 13.2% on a year-over-year basis. On average, equities analysts expect that WisdomTree Investments will post $0.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders 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 annualized dividend and a dividend yield of 3.44%. WisdomTree Investments’s dividend payout ratio (DPR) is 145.46%.
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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