Mengis Capital Management Inc. Has $203,000 Stake in WisdomTree Investments, Inc. (WETF)
Mengis Capital Management Inc. grew its stake in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 100.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the asset manager’s stock after acquiring an additional 10,000 shares during the quarter. Mengis Capital Management Inc.’s holdings in WisdomTree Investments were worth $203,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of WETF. BlackRock Inc. increased its holdings in shares of WisdomTree Investments by 25,214.1% during the first quarter. BlackRock Inc. now owns 13,399,791 shares of the asset manager’s stock valued at $121,669,000 after acquiring an additional 13,346,857 shares in the last quarter. Janus Henderson Group PLC bought a new stake in WisdomTree Investments in the 2nd quarter worth about $46,241,000. Capital World Investors increased its holdings in WisdomTree Investments by 123.0% in the 2nd quarter. Capital World Investors now owns 6,800,000 shares of the asset manager’s stock worth $69,156,000 after buying an additional 3,750,000 shares in the last quarter. Vanguard Group Inc. increased its holdings in WisdomTree Investments by 15.5% in the 1st quarter. Vanguard Group Inc. now owns 10,381,851 shares of the asset manager’s stock worth $94,267,000 after buying an additional 1,392,507 shares in the last quarter. Finally, Fisher Asset Management LLC bought a new stake in WisdomTree Investments in the 2nd quarter worth about $11,167,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.
WisdomTree Investments, Inc. (WETF) traded down $0.66 during trading on Tuesday, hitting $11.28. The company’s stock had a trading volume of 3,222,700 shares, compared to its average volume of 2,068,428. The company has a market cap of $1,540.00, a P/E ratio of 51.91, a P/E/G ratio of 2.97 and a beta of 3.18. WisdomTree Investments, Inc. has a 1-year low of $7.87 and a 1-year high of $13.32.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.06. The business had revenue of $57.99 million during the quarter, compared to the consensus estimate of $57.89 million. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. sell-side analysts expect that WisdomTree Investments, Inc. will post 0.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.84%. WisdomTree Investments’s dividend payout ratio is currently 145.45%.
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WETF has been the subject of several research analyst reports. Deutsche Bank AG initiated coverage on WisdomTree Investments in a report on Tuesday, October 17th. They issued a “buy” rating and a $13.00 price objective for the company. Zacks Investment Research downgraded WisdomTree Investments from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Jefferies Group LLC reiterated a “buy” rating and issued a $14.00 price objective on shares of WisdomTree Investments in a report on Thursday, September 7th. BidaskClub downgraded WisdomTree Investments from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Finally, Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $9.25 price objective on shares of WisdomTree Investments in a report on Thursday, September 21st. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. WisdomTree Investments presently has an average rating of “Hold” and a consensus price target of $11.28.
WisdomTree Investments 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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