Louisiana State Employees Retirement System lowered its stake in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 0.6% during the second quarter, Holdings Channel reports. The fund owned 46,700 shares of the asset manager’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in WisdomTree Investments were worth $475,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in shares of WisdomTree Investments during the first quarter valued at approximately $115,000. Capstone Asset Management Co. purchased a new stake in WisdomTree Investments during the first quarter worth approximately $120,000. Tudor Investment Corp ET AL purchased a new stake in WisdomTree Investments during the first quarter worth approximately $123,000. Clifford Swan Investment Counsel LLC purchased a new stake in WisdomTree Investments during the first quarter worth approximately $191,000. Finally, Suntrust Banks Inc. boosted its stake in WisdomTree Investments by 24.9% in the first quarter. Suntrust Banks Inc. now owns 24,272 shares of the asset manager’s stock worth $219,000 after buying an additional 4,845 shares in the last quarter. Institutional investors own 95.28% of the company’s stock.
Shares of WisdomTree Investments, Inc. (NASDAQ WETF) traded up 1.42% during trading on Friday, reaching $9.30. 1,351,285 shares of the company were exchanged. WisdomTree Investments, Inc. has a 52-week low of $7.87 and a 52-week high of $13.32. The stock’s 50-day moving average is $10.26 and its 200-day moving average is $9.44. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 42.27 and a beta of 3.09.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share 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 firm had revenue of $63.40 million during the quarter, compared to the consensus estimate of $57.27 million. During the same period in the previous year, the firm posted $0.07 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. Equities research analysts predict that WisdomTree Investments, Inc. will post $0.24 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 3.44%. The ex-dividend date is Monday, August 7th. WisdomTree Investments’s dividend payout ratio (DPR) is currently 145.46%.
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WETF has been the subject of a number of recent analyst reports. 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 report on Monday, May 15th. BidaskClub upgraded shares of WisdomTree Investments from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Jefferies Group LLC restated a “buy” rating and issued a $14.00 price objective on shares of WisdomTree Investments in a research report on Wednesday, June 28th. Zacks Investment Research upgraded shares of WisdomTree Investments from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Tuesday, July 4th. Finally, ValuEngine cut shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Five analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned 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 WisdomTree Investments news, Director Bruce I. Lavine sold 19,849 shares of WisdomTree Investments stock in a transaction on 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 can be accessed through the SEC website. Insiders own 16.10% of the company’s stock.
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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