Wisdom Tree Investments (WETF) Sees Unusually-High Trading Volume

Shares of Wisdom Tree Investments Inc (NASDAQ:WETF) saw an uptick in trading volume on Monday . 5,571,668 shares changed hands during mid-day trading, an increase of 235% from the previous session’s volume of 1,664,213 shares.The stock last traded at $6.30 and had previously closed at $5.97.

A number of research analysts have weighed in on the stock. ValuEngine cut shares of Wisdom Tree Investments from a “sell” rating to a “strong sell” rating in a research report on Monday, February 4th. Credit Suisse Group lowered their price objective on shares of Wisdom Tree Investments from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Monday, October 29th. Zacks Investment Research raised shares of Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. Citigroup upgraded shares of Wisdom Tree Investments from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $6.00 to $6.50 in a report on Tuesday, December 18th. Finally, Morgan Stanley set a $7.00 target price on shares of Wisdom Tree Investments and gave the stock a “hold” rating in a report on Friday, February 8th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $8.70.

The firm has a market cap of $913.63 million, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 2.31 and a beta of 1.66. The company has a quick ratio of 1.77, a current ratio of 1.84 and a debt-to-equity ratio of 0.52.

Wisdom Tree Investments (NASDAQ:WETF) last issued its quarterly earnings data on Friday, February 1st. The asset manager reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The business had revenue of $67.90 million for the quarter, compared to analyst estimates of $68.18 million. Wisdom Tree Investments had a return on equity of 16.32% and a net margin of 13.33%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.04 earnings per share. On average, analysts forecast that Wisdom Tree Investments Inc will post 0.25 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 27th. Stockholders of record on Wednesday, February 13th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Tuesday, February 12th. Wisdom Tree Investments’s payout ratio is presently 37.50%.

In related news, Director Anthony Bossone bought 50,000 shares of the company’s stock in a transaction dated Monday, February 4th. The shares were acquired at an average price of $5.92 per share, with a total value of $296,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jonathan L. Steinberg bought 85,000 shares of the company’s stock in a transaction dated Monday, February 4th. The stock was bought at an average cost of $5.98 per share, for a total transaction of $508,300.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 164,500 shares of company stock valued at $982,285. 14.50% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Wisdom Tree Investments by 62.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,320 shares of the asset manager’s stock valued at $69,000 after acquiring an additional 3,956 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Wisdom Tree Investments in the fourth quarter valued at $84,000. Hsbc Holdings PLC increased its stake in Wisdom Tree Investments by 41.2% during the fourth quarter. Hsbc Holdings PLC now owns 15,837 shares of the asset manager’s stock worth $106,000 after acquiring an additional 4,621 shares during the last quarter. AlphaCrest Capital Management LLC acquired a new stake in Wisdom Tree Investments during the fourth quarter worth about $159,000. Finally, Virtu Financial LLC acquired a new stake in Wisdom Tree Investments during the fourth quarter worth about $182,000. 71.26% of the stock is currently owned by hedge funds and other institutional investors.

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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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