Wisdom Tree Investments Inc (NASDAQ:WETF) announced a quarterly dividend on Monday, April 29th, Wall Street Journal reports. Stockholders of record on Wednesday, May 8th will be paid a dividend of 0.03 per share by the asset manager on Wednesday, May 22nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Tuesday, May 7th.

Wisdom Tree Investments has decreased its dividend payment by an average of 27.9% annually over the last three years. Wisdom Tree Investments has a dividend payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Wisdom Tree Investments to earn $0.29 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 41.4%.

Shares of NASDAQ:WETF opened at $7.14 on Thursday. The company has a market capitalization of $1.18 billion, a PE ratio of 22.31, a P/E/G ratio of 2.83 and a beta of 1.66. Wisdom Tree Investments has a twelve month low of $5.73 and a twelve month high of $11.82. The company has a quick ratio of 1.74, a current ratio of 1.88 and a debt-to-equity ratio of 0.54.

Wisdom Tree Investments (NASDAQ:WETF) last issued its quarterly earnings results on Friday, April 26th. The asset manager reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Wisdom Tree Investments had a return on equity of 15.70% and a net margin of 13.33%. The company had revenue of $65.50 million during the quarter, compared to analyst estimates of $66.82 million. During the same period in the prior year, the company posted $0.08 earnings per share. The company’s revenue was up 11.2% on a year-over-year basis. Equities analysts forecast that Wisdom Tree Investments will post 0.26 earnings per share for the current year.

A number of research firms recently commented on WETF. BidaskClub upgraded shares of Wisdom Tree Investments from a “sell” rating to a “hold” rating in a report on Friday, April 19th. ValuEngine upgraded shares of Wisdom Tree Investments from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. Zacks Investment Research upgraded shares of Wisdom Tree Investments from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a report on Saturday, April 13th. Finally, Northland Securities reiterated a “hold” rating and issued a $9.00 target price on shares of Wisdom Tree Investments in a report on Friday, April 12th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $8.50.

In other Wisdom Tree Investments news, CEO Jonathan L. Steinberg bought 85,000 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The shares were acquired at an average cost of $5.98 per share, for a total transaction of $508,300.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Anthony Bossone bought 50,000 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The stock was acquired at an average price of $5.92 per share, for a total transaction of $296,000.00. The disclosure for this purchase can be found here. Insiders purchased a total of 164,500 shares of company stock worth $982,285 over the last quarter. Insiders own 14.50% of the company’s stock.

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Wisdom Tree Investments Company Profile

WisdomTree Investments, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.

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Dividend History for Wisdom Tree Investments (NASDAQ:WETF)

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