State of Tennessee Treasury Department lifted its position in WisdomTree Investments, Inc. (NASDAQ:WETF – Get Rating) by 17.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,657 shares of the asset manager’s stock after purchasing an additional 6,464 shares during the quarter. State of Tennessee Treasury Department’s holdings in WisdomTree Investments were worth $250,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new position in shares of WisdomTree Investments in the first quarter worth about $38,000. Glassy Mountain Advisors Inc. acquired a new position in WisdomTree Investments in the first quarter valued at approximately $117,000. Teacher Retirement System of Texas boosted its position in WisdomTree Investments by 16.5% in the 4th quarter. Teacher Retirement System of Texas now owns 21,098 shares of the asset manager’s stock worth $129,000 after purchasing an additional 2,990 shares in the last quarter. SMH Capital Advisors Inc. boosted its position in WisdomTree Investments by 12.6% in the 1st quarter. SMH Capital Advisors Inc. now owns 22,698 shares of the asset manager’s stock worth $133,000 after purchasing an additional 2,535 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in WisdomTree Investments in the 1st quarter worth approximately $140,000. 95.95% of the stock is currently owned by hedge funds and other institutional investors.
WisdomTree Investments Stock Performance
NASDAQ:WETF opened at $5.06 on Tuesday. The company’s 50-day moving average price is $5.19 and its 200-day moving average price is $6.57. The company has a current ratio of 1.17, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57. The company has a market cap of $741.72 million, a P/E ratio of 63.26 and a beta of 1.51. WisdomTree Investments, Inc. has a twelve month low of $4.80 and a twelve month high of $6.92.
WisdomTree Investments (NASDAQ:WETF – Get Rating) last posted its quarterly earnings results on Friday, July 29th. The asset manager reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $77.25 million during the quarter, compared to analysts’ expectations of $76.68 million. WisdomTree Investments had a return on equity of 22.05% and a net margin of 4.72%. On average, sell-side analysts forecast that WisdomTree Investments, Inc. will post 0.3 earnings per share for the current fiscal year.
WisdomTree Investments Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Tuesday, August 9th. WisdomTree Investments’s dividend payout ratio (DPR) is presently 150.02%.
Analyst Ratings Changes
WETF has been the topic of several analyst reports. The Goldman Sachs Group dropped their price target on shares of WisdomTree Investments from $5.00 to $4.50 and set a “sell” rating on the stock in a research report on Wednesday, June 29th. Morgan Stanley decreased their price objective on shares of WisdomTree Investments from $6.75 to $6.00 and set an “equal weight” rating on the stock in a report on Thursday, June 30th. StockNews.com raised shares of WisdomTree Investments from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Keefe, Bruyette & Woods downgraded shares of WisdomTree Investments from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $7.25 to $6.00 in a report on Tuesday, June 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of WisdomTree Investments from $6.00 to $5.00 and set a “hold” rating on the stock in a report on Wednesday, July 13th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $5.38.
About WisdomTree Investments
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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