Wisdom Tree Investments Inc (NASDAQ:WETF) CEO Jonathan L. Steinberg acquired 79,365 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was bought at an average cost of $6.25 per share, for a total transaction of $496,031.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Jonathan L. Steinberg also recently made the following trade(s):
- On Monday, May 13th, Jonathan L. Steinberg acquired 75,000 shares of Wisdom Tree Investments stock. The stock was bought at an average cost of $6.57 per share, for a total transaction of $492,750.00.
Shares of NASDAQ WETF opened at $6.25 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.80 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $969.08 million, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 2.60 and a beta of 1.64. Wisdom Tree Investments Inc has a 12 month low of $5.73 and a 12 month high of $11.48.
Wisdom Tree Investments (NASDAQ:WETF) last issued its quarterly earnings results on Friday, April 26th. The asset manager reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). The business had revenue of $65.50 million during the quarter, compared to the consensus estimate of $66.82 million. Wisdom Tree Investments had a return on equity of 12.97% and a net margin of 12.84%. The business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 earnings per share. On average, research analysts forecast that Wisdom Tree Investments Inc will post 0.24 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Tuesday, May 7th. Wisdom Tree Investments’s dividend payout ratio is currently 37.50%.
A number of research analysts recently weighed in on the company. BidaskClub downgraded Wisdom Tree Investments from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 15th. Zacks Investment Research downgraded Wisdom Tree Investments from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. ValuEngine downgraded Wisdom Tree Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Finally, Northland Securities reaffirmed a “hold” rating and issued a $9.00 price target on shares of Wisdom Tree Investments in a research report on Friday, April 12th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $7.80.
A number of hedge funds and other institutional investors have recently modified their holdings of WETF. Oregon Public Employees Retirement Fund bought a new position in Wisdom Tree Investments in the 4th quarter worth approximately $44,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Wisdom Tree Investments by 62.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,320 shares of the asset manager’s stock worth $69,000 after buying an additional 3,956 shares during the period. Magnus Financial Group LLC bought a new position in Wisdom Tree Investments in the 1st quarter worth approximately $82,000. GSA Capital Partners LLP bought a new stake in shares of Wisdom Tree Investments during the fourth quarter valued at approximately $84,000. Finally, Hsbc Holdings PLC increased its position in shares of Wisdom Tree Investments by 41.2% during the fourth quarter. Hsbc Holdings PLC now owns 15,837 shares of the asset manager’s stock valued at $106,000 after purchasing an additional 4,621 shares during the period. 73.66% of the stock is currently owned by institutional investors.
About Wisdom Tree Investments
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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