North Star Investment Management Corp. Has $5.26 Million Position in WisdomTree Investments, Inc. (WETF)
North Star Investment Management Corp. increased its stake in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 5.1% during the 4th quarter, HoldingsChannel reports. The fund owned 419,384 shares of the asset manager’s stock after acquiring an additional 20,511 shares during the period. North Star Investment Management Corp.’s holdings in WisdomTree Investments were worth $5,263,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WETF. Everence Capital Management Inc. bought a new stake in WisdomTree Investments during the third quarter worth about $103,000. Traynor Capital Management Inc. bought a new stake in WisdomTree Investments during the third quarter worth about $111,000. 3D Asset Management Inc. bought a new stake in WisdomTree Investments during the third quarter worth about $112,000. Shelton Capital Management bought a new stake in WisdomTree Investments during the second quarter worth about $116,000. Finally, Jane Street Group LLC bought a new stake in WisdomTree Investments during the third quarter worth about $129,000. Institutional investors and hedge funds own 89.41% of the company’s stock.
In other news, Director Frank Salerno sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $11.71, for a total value of $585,500.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 16.60% of the stock is owned by corporate insiders.
WisdomTree Investments, Inc. (NASDAQ:WETF) remained flat at $$12.91 during trading hours on Thursday. 1,075,200 shares of the company were exchanged, compared to its average volume of 1,152,000. The stock has a market cap of $1,770.00, a P/E ratio of 58.68, a price-to-earnings-growth ratio of 2.01 and a beta of 3.16. WisdomTree Investments, Inc. has a twelve month low of $7.87 and a twelve month high of $13.19.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings data on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $57.99 million for the quarter, compared to analyst estimates of $57.89 million. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 earnings per share. equities research analysts predict that WisdomTree Investments, Inc. will post 0.25 EPS for the current year.
Several analysts recently issued reports on WETF shares. Zacks Investment Research upgraded WisdomTree Investments from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Saturday, January 6th. Jefferies Group restated a “buy” rating and issued a $15.00 price objective on shares of WisdomTree Investments in a research note on Thursday. BidaskClub upgraded WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. Keefe, Bruyette & Woods upgraded WisdomTree Investments from an “underperform” rating to a “mkt perform” rating in a research note on Tuesday, November 14th. Finally, Deutsche Bank started coverage on WisdomTree Investments in a research note on Tuesday, October 17th. They issued a “buy” rating and a $13.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $11.94.
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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