WisdomTree Investments, Inc. (NASDAQ:WETF) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 24,829,979 shares, a decline of 4.9% from the July 14th total of 26,098,361 shares. Based on an average daily volume of 1,500,566 shares, the short-interest ratio is presently 16.5 days. Currently, 21.7% of the shares of the company are short sold.
In other WisdomTree Investments news, Director Bruce I. Lavine sold 19,849 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $9.95, for a total value of $197,497.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 16.10% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Teachers Advisors LLC raised its stake in shares of WisdomTree Investments by 6.7% in the fourth quarter. Teachers Advisors LLC now owns 221,994 shares of the asset manager’s stock worth $2,473,000 after buying an additional 14,015 shares during the last quarter. Bank of Montreal Can raised its stake in shares of WisdomTree Investments by 427.4% in the first quarter. Bank of Montreal Can now owns 49,722 shares of the asset manager’s stock worth $451,000 after buying an additional 40,294 shares during the last quarter. Capstone Asset Management Co. acquired a new stake in shares of WisdomTree Investments during the first quarter worth $120,000. Louisiana State Employees Retirement System raised its stake in shares of WisdomTree Investments by 66.1% in the first quarter. Louisiana State Employees Retirement System now owns 47,000 shares of the asset manager’s stock worth $427,000 after buying an additional 18,700 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of WisdomTree Investments during the first quarter worth $115,000. Hedge funds and other institutional investors own 95.28% of the company’s stock.
WisdomTree Investments (NASDAQ WETF) opened at 9.30 on Friday. WisdomTree Investments has a 52 week low of $7.87 and a 52 week high of $13.32. The company has a 50-day moving average of $10.26 and a 200 day moving average of $9.44. The company has a market cap of $1.25 billion, a P/E ratio of 42.27 and a beta of 3.09.
WisdomTree Investments (NASDAQ:WETF) last announced its earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. WisdomTree Investments had a net margin of 13.33% and a return on equity of 15.41%. The business had revenue of $63.40 million during the quarter, compared to analyst estimates of $57.27 million. During the same period in the previous year, the business posted $0.07 earnings per share. WisdomTree Investments’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, equities analysts forecast that WisdomTree Investments will post $0.24 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, August 7th. This represents a $0.32 annualized dividend and a yield of 3.44%. WisdomTree Investments’s payout ratio is presently 145.46%.
WETF has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Friday. Keefe, Bruyette & Woods reaffirmed an “underperform” rating on shares of WisdomTree Investments in a report on Thursday. Gabelli reaffirmed a “buy” rating on shares of WisdomTree Investments in a report on Monday, July 31st. ValuEngine raised shares of WisdomTree Investments from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, UBS AG reaffirmed a “sell” rating and set a $8.00 price target (up previously from $7.50) on shares of WisdomTree Investments in a report on Monday, July 31st. Five analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $10.11.
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About WisdomTree Investments
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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