Hartline Investment Corp reduced its stake in WisdomTree Investments, Inc. (NASDAQ:WETF) by 21.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 147,823 shares of the asset manager’s stock after selling 39,717 shares during the period. Hartline Investment Corp owned approximately 0.11% of WisdomTree Investments worth $1,342,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue acquired a new position in shares of WisdomTree Investments during the first quarter valued at $115,000. Capstone Asset Management Co. acquired a new position in shares of WisdomTree Investments during the first quarter valued at $120,000. GSA Capital Partners LLP increased its position in shares of WisdomTree Investments by 0.8% in the fourth quarter. GSA Capital Partners LLP now owns 17,544 shares of the asset manager’s stock valued at $195,000 after buying an additional 144 shares during the period. Rothschild Asset Management Inc. increased its position in shares of WisdomTree Investments by 2.6% in the third quarter. Rothschild Asset Management Inc. now owns 19,400 shares of the asset manager’s stock valued at $200,000 after buying an additional 495 shares during the period. Finally, Clifford Swan Investment Counsel LLC acquired a new position in shares of WisdomTree Investments during the first quarter valued at $191,000. Institutional investors own 96.38% of the company’s stock.
WisdomTree Investments, Inc. (NASDAQ:WETF) traded up 1.15% during midday trading on Friday, reaching $9.69. The company’s stock had a trading volume of 2,301,126 shares. WisdomTree Investments, Inc. has a 12-month low of $7.87 and a 12-month high of $13.32. The stock’s 50 day moving average is $8.78 and its 200 day moving average is $9.78. The stock has a market cap of $1.30 billion, a P/E ratio of 64.60 and a beta of 3.25.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings results on Friday, April 28th. The asset manager reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $54.60 million for the quarter, compared to analyst estimates of $53.38 million. WisdomTree Investments had a return on equity of 13.61% and a net margin of 11.92%. The firm’s revenue was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 earnings per share. Analysts anticipate that WisdomTree Investments, Inc. will post $0.23 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 24th. Shareholders of record on Wednesday, May 10th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 3.30%. The ex-dividend date is Monday, May 8th. WisdomTree Investments’s dividend payout ratio (DPR) is 160.00%.
Several equities analysts recently weighed in on the stock. Citigroup Inc upgraded shares of WisdomTree Investments from a “sell” rating to a “neutral” rating and set a $9.00 price target on the stock in a report on Monday, February 6th. Zacks Investment Research downgraded shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a report on Tuesday, February 7th. Goldman Sachs Group Inc increased their price target on shares of WisdomTree Investments from $7.00 to $8.00 and gave the stock a “sell” rating in a report on Wednesday, March 15th. Finally, Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $8.00 price target on shares of WisdomTree Investments in a report on Monday, April 10th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. WisdomTree Investments has a consensus rating of “Hold” and a consensus price target of $10.64.
In other news, CEO Jonathan L. Steinberg purchased 97,971 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were bought at an average price of $9.14 per share, with a total value of $895,454.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 16.10% of the company’s stock.
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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