Balyasny Asset Management LLC cut its stake in WisdomTree Investments, Inc. (NASDAQ:WETF) by 84.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,905 shares of the asset manager’s stock after selling 1,007,944 shares during the period. Balyasny Asset Management LLC owned 0.14% of WisdomTree Investments worth $1,870,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in WETF. BlackRock Inc. boosted its holdings in WisdomTree Investments by 25,214.1% in the first quarter. BlackRock Inc. now owns 13,399,791 shares of the asset manager’s stock valued at $121,669,000 after acquiring an additional 13,346,857 shares during the last quarter. Clarity Capital KCPS Ltd. bought a new stake in WisdomTree Investments in the first quarter valued at approximately $530,215,000. Clearbridge Investments LLC boosted its holdings in WisdomTree Investments by 50.0% in the first quarter. Clearbridge Investments LLC now owns 4,805,561 shares of the asset manager’s stock valued at $43,634,000 after acquiring an additional 1,602,505 shares during the last quarter. Vanguard Group Inc. boosted its holdings in WisdomTree Investments by 15.5% in the first quarter. Vanguard Group Inc. now owns 10,381,851 shares of the asset manager’s stock valued at $94,267,000 after acquiring an additional 1,392,507 shares during the last quarter. Finally, Fisher Asset Management LLC bought a new stake in WisdomTree Investments in the second quarter valued at approximately $11,167,000. Institutional investors and hedge funds own 92.49% of the company’s stock.
Several brokerages recently commented on WETF. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $10.00 target price on shares of WisdomTree Investments in a report on Thursday. ValuEngine lowered WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Zacks Investment Research lowered WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. BidaskClub lowered WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Gabelli reissued a “buy” rating on shares of WisdomTree Investments in a research note on Monday, July 31st. Six research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $10.33.
WisdomTree Investments, Inc. (NASDAQ WETF) opened at 10.95 on Friday. WisdomTree Investments, Inc. has a 12 month low of $7.87 and a 12 month high of $13.32. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 49.77 and a beta of 3.15. The stock’s 50 day moving average price is $9.56 and its 200-day moving average price is $9.50.
WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings data on Friday, July 28th. The asset manager reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. The business had revenue of $63.40 million during the quarter, compared to analysts’ expectations of $57.27 million. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 earnings per share. Equities analysts anticipate that WisdomTree Investments, Inc. will post $0.25 EPS for the current fiscal year.
In other WisdomTree Investments news, Director Bruce I. Lavine sold 19,849 shares of WisdomTree Investments stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $9.95, for a total transaction of $197,497.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.10% of the stock is currently owned by insiders.
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WisdomTree Investments Company Profile
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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