WisdomTree Investments, Inc. (NASDAQ:WETF – Get Rating) shares reached a new 52-week low on Friday . The stock traded as low as $4.75 and last traded at $4.77, with a volume of 2007 shares traded. The stock had previously closed at $4.83.
Wall Street Analyst Weigh In
WETF has been the topic of several analyst reports. The Goldman Sachs Group lowered their target price on shares of WisdomTree Investments from $5.00 to $4.50 and set a “sell” rating on the stock in a report on Wednesday, June 29th. Deutsche Bank Aktiengesellschaft cut their price target on shares of WisdomTree Investments from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Wednesday, July 13th. StockNews.com upgraded shares of WisdomTree Investments from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Keefe, Bruyette & Woods downgraded shares of WisdomTree Investments from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $7.25 to $6.00 in a report on Tuesday, June 28th. Finally, Morgan Stanley lowered 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. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.38.
WisdomTree Investments Price Performance
The company has a quick ratio of 0.63, a current ratio of 1.17 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average price of $5.16 and a two-hundred day moving average price of $5.87. The company has a market capitalization of $697.77 million, a price-to-earnings ratio of 59.51 and a beta of 1.51.
WisdomTree Investments (NASDAQ:WETF – Get Rating) last released its quarterly earnings results on Friday, July 29th. The asset manager reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $77.25 million during the quarter, compared to analysts’ expectations of $76.68 million. WisdomTree Investments had a net margin of 4.72% and a return on equity of 22.05%. As a group, research analysts anticipate that WisdomTree Investments, Inc. will post 0.3 EPS for the current year.
WisdomTree Investments Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th were paid a $0.03 dividend. The ex-dividend date was Tuesday, August 9th. This represents a $0.12 dividend on an annualized basis and a yield of 2.52%. WisdomTree Investments’s dividend payout ratio (DPR) is currently 150.02%.
Institutional Investors Weigh In On WisdomTree Investments
Large investors have recently made changes to their positions in the business. SMH Capital Advisors Inc. boosted its position in shares of WisdomTree Investments by 34,563.8% during the second quarter. SMH Capital Advisors Inc. now owns 7,868,000 shares of the asset manager’s stock valued at $7,730,000 after purchasing an additional 7,845,302 shares in the last quarter. Bridgewater Associates LP raised its stake in shares of WisdomTree Investments by 1,309.9% in the second quarter. Bridgewater Associates LP now owns 2,201,350 shares of the asset manager’s stock worth $11,161,000 after purchasing an additional 2,045,218 shares during the last quarter. Phase 2 Partners LLC purchased a new position in shares of WisdomTree Investments in the first quarter worth $4,792,000. Toroso Investments LLC raised its stake in shares of WisdomTree Investments by 38.5% in the fourth quarter. Toroso Investments LLC now owns 2,516,957 shares of the asset manager’s stock worth $15,403,000 after purchasing an additional 699,449 shares during the last quarter. Finally, Cooper Creek Partners Management LLC purchased a new position in shares of WisdomTree Investments in the first quarter worth $3,715,000. 95.95% of the stock is currently owned by institutional investors.
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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