Quantitative Investment Management LLC purchased a new stake in shares of WisdomTree Investments (NASDAQ:WETF) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 223,600 shares of the asset manager’s stock, valued at approximately $2,806,000. Quantitative Investment Management LLC owned about 0.16% of WisdomTree Investments at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Virtu Financial LLC bought a new position in WisdomTree Investments during the fourth quarter valued at approximately $148,000. Jane Street Group LLC bought a new position in WisdomTree Investments during the third quarter valued at approximately $129,000. Valeo Financial Advisors LLC bought a new position in WisdomTree Investments during the third quarter valued at approximately $153,000. ETRADE Capital Management LLC bought a new position in WisdomTree Investments during the fourth quarter valued at approximately $214,000. Finally, Crossmark Global Holdings Inc. bought a new position in WisdomTree Investments during the third quarter valued at approximately $204,000. Institutional investors and hedge funds own 86.35% of the company’s stock.
WETF stock traded down $0.24 on Friday, reaching $8.80. The company’s stock had a trading volume of 916,014 shares, compared to its average volume of 1,200,240. WisdomTree Investments has a 12-month low of $7.87 and a 12-month high of $13.41. The firm has a market capitalization of $1,212.03, a price-to-earnings ratio of 36.67, a PEG ratio of 1.40 and a beta of 2.67.
WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings results on Friday, February 2nd. The asset manager reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). WisdomTree Investments had a return on equity of 16.16% and a net margin of 11.46%. The business had revenue of $61.39 million during the quarter, compared to analysts’ expectations of $60.89 million. During the same period in the previous year, the business earned $0.03 EPS. The business’s revenue was up 20.8% compared to the same quarter last year. research analysts predict that WisdomTree Investments will post 0.41 EPS for the current year.
A number of research firms have recently weighed in on WETF. Keefe, Bruyette & Woods reissued a “hold” rating and set a $12.00 price objective on shares of WisdomTree Investments in a research note on Friday, February 2nd. Deutsche Bank dropped their price objective on WisdomTree Investments from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Friday. Citigroup dropped their price objective on WisdomTree Investments from $15.00 to $13.50 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Bank of America dropped their price objective on WisdomTree Investments from $10.00 to $9.50 and set an “underperform” rating for the company in a research note on Monday, February 5th. Finally, BidaskClub lowered WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $12.17.
In related news, insider David J. Abner sold 25,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $10.52, for a total value of $263,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kurt Macalpine purchased 19,710 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was acquired at an average cost of $10.38 per share, with a total value of $204,589.80. The disclosure for this purchase can be found here. Insiders sold 941,936 shares of company stock valued at $9,354,156 in the last ninety days. 16.10% of the stock is currently owned by insiders.
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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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