Engineers Gate Manager LP Takes Position in WisdomTree Investments, Inc. (WETF)

Engineers Gate Manager LP acquired a new stake in WisdomTree Investments, Inc. (NASDAQ:WETF) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 46,637 shares of the asset manager’s stock, valued at approximately $475,000.

Other large investors have also recently bought and sold shares of the company. Everence Capital Management Inc. acquired a new position in shares of WisdomTree Investments in the third quarter valued at approximately $103,000. Penserra Capital Management LLC acquired a new position in shares of WisdomTree Investments in the second quarter valued at approximately $107,000. Traynor Capital Management Inc. acquired a new position in shares of WisdomTree Investments in the third quarter valued at approximately $111,000. 3D Asset Management Inc. acquired a new position in shares of WisdomTree Investments in the third quarter valued at approximately $112,000. Finally, Shelton Capital Management acquired a new position in shares of WisdomTree Investments in the second quarter valued at approximately $116,000. 91.61% of the stock is owned by institutional investors and hedge funds.

WisdomTree Investments, Inc. (WETF) opened at $11.75 on Friday. WisdomTree Investments, Inc. has a 52-week low of $7.87 and a 52-week high of $12.47. The company has a market cap of $1,569.01, a P/E ratio of 49.83, a P/E/G ratio of 2.70 and a beta of 3.16.

WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings results on Friday, October 27th. The asset manager reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. WisdomTree Investments had a net margin of 12.98% and a return on equity of 15.47%. The firm had revenue of $57.99 million during the quarter, compared to analyst estimates of $57.89 million. During the same quarter in the prior year, the business posted $0.06 earnings per share. WisdomTree Investments’s revenue for the quarter was up 12.0% compared to the same quarter last year. research analysts predict that WisdomTree Investments, Inc. will post 0.25 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Tuesday, November 7th. WisdomTree Investments’s dividend payout ratio (DPR) is 145.46%.

A number of research firms have recently weighed in on WETF. BidaskClub lowered shares of WisdomTree Investments from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Deutsche Bank began coverage on shares of WisdomTree Investments in a research report on Tuesday, October 17th. They issued a “buy” rating and a $13.00 price objective for the company. UBS boosted their price objective on shares of WisdomTree Investments from $8.00 to $8.50 and gave the company a “sell” rating in a research report on Tuesday, November 14th. Zacks Investment Research lowered shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Finally, Keefe, Bruyette & Woods reissued a “sell” rating and issued a $9.25 price objective on shares of WisdomTree Investments in a research report on Thursday, September 21st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $11.44.

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WisdomTree Investments 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.

Institutional Ownership by Quarter for WisdomTree Investments (NASDAQ:WETF)

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