WisdomTree Investments, Inc. (NASDAQ:WETF) announced its quarterly earnings data on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.06, Bloomberg Earnings reports. The company had revenue of $57.99 million during the quarter, compared to the consensus estimate of $57.89 million. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 EPS.
Shares of WisdomTree Investments (NASDAQ:WETF) opened at $11.94 on Friday. WisdomTree Investments has a twelve month low of $7.87 and a twelve month high of $13.32. The firm has a market capitalization of $1,627.88, a price-to-earnings ratio of 51.70, a P/E/G ratio of 2.96 and a beta of 3.18.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.32 annualized dividend and a yield of 2.68%. WisdomTree Investments’s payout ratio is presently 145.46%.
A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods reiterated an “underperform” rating on shares of WisdomTree Investments in a research note on Thursday, August 10th. BidaskClub downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. ValuEngine upgraded WisdomTree Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Gabelli restated a “buy” rating on shares of WisdomTree Investments in a research note on Monday, July 31st. Finally, Zacks Investment Research downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Six research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. WisdomTree Investments currently has an average rating of “Hold” and a consensus target price of $11.22.
Hedge funds have recently added to or reduced their stakes in the business. Everence Capital Management Inc. purchased a new stake in WisdomTree Investments in the third quarter worth $103,000. Penserra Capital Management LLC purchased a new stake in WisdomTree Investments in the second quarter worth $107,000. 3D Asset Management Inc. purchased a new stake in WisdomTree Investments in the third quarter worth $112,000. Traynor Capital Management Inc. purchased a new stake in WisdomTree Investments in the third quarter worth $111,000. Finally, Shelton Capital Management purchased a new stake in WisdomTree Investments in the second quarter worth $116,000. Institutional investors and hedge funds own 92.49% of the company’s stock.
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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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