BlackRock Inc. increased its stake in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 25,214.1% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 13,399,791 shares of the asset manager’s stock after buying an additional 13,346,857 shares during the period. BlackRock Inc. owned 9.97% of WisdomTree Investments worth $121,669,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of WisdomTree Investments by 70.0% in the fourth quarter. FMR LLC now owns 1,027,500 shares of the asset manager’s stock valued at $11,446,000 after buying an additional 423,000 shares during the period. GSA Capital Partners LLP boosted its stake in shares of WisdomTree Investments by 0.8% in the fourth quarter. GSA Capital Partners LLP now owns 17,544 shares of the asset manager’s stock valued at $195,000 after buying an additional 144 shares during the period. Teachers Advisors LLC boosted 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 valued at $2,473,000 after buying an additional 14,015 shares during the period. New England Research & Management Inc. boosted its stake in shares of WisdomTree Investments by 60.1% in the first quarter. New England Research & Management Inc. now owns 55,300 shares of the asset manager’s stock valued at $502,000 after buying an additional 20,750 shares during the period. Finally, Koshinski Asset Management Inc. boosted its stake in shares of WisdomTree Investments by 41.4% in the first quarter. Koshinski Asset Management Inc. now owns 69,119 shares of the asset manager’s stock valued at $628,000 after buying an additional 20,249 shares during the period. Hedge funds and other institutional investors own 95.28% of the company’s stock.
Shares of WisdomTree Investments, Inc. (NASDAQ WETF) opened at 9.67 on Wednesday. The stock has a market capitalization of $1.30 billion, a P/E ratio of 44.16 and a beta of 3.09. WisdomTree Investments, Inc. has a one year low of $7.87 and a one year high of $13.32. The stock’s 50 day moving average is $10.31 and its 200-day moving average is $9.48.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, July 28th. The asset manager reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The firm had revenue of $63.40 million for the quarter, compared to the consensus estimate of $57.27 million. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.07 EPS. On average, equities research analysts expect that WisdomTree Investments, Inc. will post $0.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be issued 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 3.31%. WisdomTree Investments’s payout ratio is presently 145.46%.
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Several analysts recently commented on WETF shares. Zacks Investment Research cut shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Citigroup Inc. upgraded shares of WisdomTree Investments from a “neutral” rating to a “buy” rating and set a $10.50 price objective for the company in a research note on Monday, May 15th. BidaskClub upgraded shares of WisdomTree Investments from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Jefferies Group LLC reiterated a “buy” rating and issued a $14.00 price objective on shares of WisdomTree Investments in a research note on Wednesday, June 28th. Finally, ValuEngine downgraded shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $10.11.
In other news, Director Bruce I. Lavine sold 10,289 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $10.10, for a total value of $103,918.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. 16.60% of the stock is currently owned by insiders.
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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