Rhumbline Advisers raised its holdings in shares of WisdomTree Investments (NASDAQ:WETF) by 16.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 259,560 shares of the asset manager’s stock after purchasing an additional 36,925 shares during the quarter. Rhumbline Advisers owned 0.19% of WisdomTree Investments worth $3,257,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in WETF. Jane Street Group LLC bought a new position in WisdomTree Investments during the third quarter valued at $129,000. Valeo Financial Advisors LLC bought a new position in WisdomTree Investments during the third quarter valued at $153,000. Crossmark Global Holdings Inc. bought a new position in WisdomTree Investments during the third quarter valued at $204,000. Summit Securities Group LLC bought a new position in WisdomTree Investments during the fourth quarter valued at $345,000. Finally, Cipher Capital LP bought a new position in WisdomTree Investments during the third quarter valued at $352,000. Institutional investors and hedge funds own 86.35% of the company’s stock.
Several equities analysts have commented on WETF shares. Zacks Investment Research lowered shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Jefferies Group reiterated a “buy” rating and set a $15.00 price objective on shares of WisdomTree Investments in a research report on Thursday, January 11th. BidaskClub lowered shares of WisdomTree Investments from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 14th. Morgan Stanley lowered their price objective on shares of WisdomTree Investments from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 13th. Finally, Deutsche Bank set a $13.00 target price on shares of WisdomTree Investments and gave the company a “buy” rating in a research note on Tuesday, March 6th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $12.17.
In related news, Director Michael H. Steinhardt sold 163,093 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $9.89, for a total value of $1,612,989.77. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael H. Steinhardt sold 177,009 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $9.94, for a total transaction of $1,759,469.46. The disclosure for this sale can be found here. Insiders sold a total of 941,936 shares of company stock worth $9,354,156 in the last ninety days. 16.10% of the stock is currently owned by insiders.
Shares of WETF traded down $0.24 during midday trading on Friday, hitting $8.80. The stock had a trading volume of 916,014 shares, compared to its average volume of 1,200,240. WisdomTree Investments has a 1 year low of $7.87 and a 1 year high of $13.41. The company has a market cap of $1,245.09, a P/E ratio of 36.67, a P/E/G ratio of 1.43 and a beta of 2.67.
WisdomTree Investments (NASDAQ:WETF) last announced its earnings results on Friday, February 2nd. The asset manager reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.03). The firm had revenue of $61.39 million during the quarter, compared to analysts’ expectations of $60.89 million. WisdomTree Investments had a net margin of 11.46% and a return on equity of 16.16%. The company’s revenue was up 20.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.03 EPS. sell-side analysts forecast that WisdomTree Investments will post 0.42 EPS for the current year.
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WisdomTree Investments Profile
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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