Wisdom Tree Investments Inc (NASDAQ:WETF) shot up 0.6% during mid-day trading on Thursday . The stock traded as high as $5.03 and last traded at $5.05, 37,262 shares changed hands during trading. A decline of 98% from the average session volume of 1,764,305 shares. The stock had previously closed at $5.02.
Several brokerages have recently issued reports on WETF. Zacks Investment Research upgraded Wisdom Tree Investments from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a research report on Saturday, January 11th. Morgan Stanley upgraded Wisdom Tree Investments from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $5.25 to $6.00 in a research report on Wednesday. BidaskClub upgraded Wisdom Tree Investments from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 1st. Finally, Northland Securities reiterated a “hold” rating and set a $6.50 price objective on shares of Wisdom Tree Investments in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $5.75.
The stock has a market capitalization of $746.58 million, a price-to-earnings ratio of 48.10, a P/E/G ratio of 2.37 and a beta of 1.62. The company has a quick ratio of 1.67, a current ratio of 1.56 and a debt-to-equity ratio of 0.53. The business has a 50-day simple moving average of $4.36 and a two-hundred day simple moving average of $4.94.
Wisdom Tree Investments (NASDAQ:WETF) last released its earnings results on Friday, January 31st. The asset manager reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $68.90 million during the quarter, compared to the consensus estimate of $67.90 million. Wisdom Tree Investments had a return on equity of 9.95% and a net margin of 7.34%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 earnings per share. On average, analysts forecast that Wisdom Tree Investments Inc will post 0.26 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a $0.03 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $0.12 dividend on an annualized basis and a yield of 2.49%. Wisdom Tree Investments’s dividend payout ratio (DPR) is 54.55%.
In other news, President R Jarrett Lilien bought 23,529 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was purchased at an average cost of $4.29 per share, for a total transaction of $100,939.41. Also, insider Peter M. Ziemba bought 25,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was purchased at an average price of $4.29 per share, with a total value of $107,250.00. Insiders acquired 225,628 shares of company stock valued at $967,944 over the last 90 days. 14.90% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WETF. Quantbot Technologies LP acquired a new stake in shares of Wisdom Tree Investments during the 4th quarter valued at $29,000. Public Employees Retirement System of Ohio lifted its position in shares of Wisdom Tree Investments by 58.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,725 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 2,114 shares during the last quarter. SMH Capital Advisors Inc. acquired a new stake in shares of Wisdom Tree Investments during the 3rd quarter valued at $59,000. BB&T Securities LLC lifted its position in shares of Wisdom Tree Investments by 18.8% during the 3rd quarter. BB&T Securities LLC now owns 13,732 shares of the asset manager’s stock valued at $71,000 after acquiring an additional 2,177 shares during the last quarter. Finally, Magnus Financial Group LLC acquired a new stake in shares of Wisdom Tree Investments during the 4th quarter valued at $92,000. Hedge funds and other institutional investors own 72.40% of the company’s stock.
Wisdom Tree Investments Company Profile (NASDAQ:WETF)
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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