Insider Selling: WisdomTree Investments, Inc. (WETF) Director Sells 177,009 Shares of Stock

WisdomTree Investments, Inc. (NASDAQ:WETF) Director Michael H. Steinhardt sold 177,009 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $9.94, for a total value of $1,759,469.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Michael H. Steinhardt also recently made the following trade(s):

  • On Tuesday, March 6th, Michael H. Steinhardt sold 453,926 shares of WisdomTree Investments stock. The shares were sold at an average price of $9.89, for a total value of $4,489,328.14.
  • On Friday, March 2nd, Michael H. Steinhardt sold 41,245 shares of WisdomTree Investments stock. The shares were sold at an average price of $9.71, for a total value of $400,488.95.

WisdomTree Investments stock traded down $0.43 during mid-day trading on Monday, reaching $8.74. 1,058,189 shares of the company were exchanged, compared to its average volume of 1,596,360. The firm has a market cap of $1,263.00, a P/E ratio of 36.42, a P/E/G ratio of 1.46 and a beta of 2.67. WisdomTree Investments, Inc. has a 12-month low of $7.87 and a 12-month high of $13.41.

WisdomTree Investments (NASDAQ:WETF) last posted its earnings results on Friday, February 2nd. The asset manager reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The company had revenue of $61.39 million for the quarter, compared to analysts’ expectations of $60.89 million. WisdomTree Investments had a return on equity of 16.16% and a net margin of 11.46%. The firm’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. research analysts anticipate that WisdomTree Investments, Inc. will post 0.42 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. TimesSquare Capital Management LLC lifted its holdings in shares of WisdomTree Investments by 16.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 8,403,900 shares of the asset manager’s stock valued at $105,469,000 after purchasing an additional 1,176,600 shares during the last quarter. Fred Alger Management Inc. lifted its holdings in shares of WisdomTree Investments by 26.2% during the 4th quarter. Fred Alger Management Inc. now owns 7,392,054 shares of the asset manager’s stock valued at $92,770,000 after purchasing an additional 1,535,994 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of WisdomTree Investments by 0.7% during the 4th quarter. Clearbridge Investments LLC now owns 4,842,415 shares of the asset manager’s stock valued at $60,772,000 after purchasing an additional 34,160 shares during the last quarter. Standard Life Aberdeen plc lifted its holdings in shares of WisdomTree Investments by 19.4% during the 4th quarter. Standard Life Aberdeen plc now owns 3,694,333 shares of the asset manager’s stock valued at $46,383,000 after purchasing an additional 600,276 shares during the last quarter. Finally, Jackson Square Partners LLC lifted its holdings in shares of WisdomTree Investments by 4.9% during the 3rd quarter. Jackson Square Partners LLC now owns 3,310,365 shares of the asset manager’s stock valued at $33,699,000 after purchasing an additional 153,705 shares during the last quarter. Institutional investors own 86.35% of the company’s stock.

A number of analysts recently issued reports on the company. Zacks Investment Research lowered WisdomTree Investments from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Jefferies Group reiterated a “buy” rating and issued a $15.00 price target on shares of WisdomTree Investments in a report on Thursday, January 11th. BidaskClub upgraded WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $12.00 price target on shares of WisdomTree Investments in a report on Friday, February 2nd. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $12.28.

TRADEMARK VIOLATION NOTICE: This story was originally reported by Enterprise Leader and is the property of of Enterprise Leader. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this story can be accessed at https://theenterpriseleader.com/2018/04/02/wisdomtree-investments-inc-wetf-director-sells-1759469-46-in-stock.html.

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.

Insider Buying and Selling by Quarter for WisdomTree Investments (NASDAQ:WETF)

Receive News & Ratings for WisdomTree Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WisdomTree Investments and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply