Royce & Associates LP Has $4.40 Million Position in WisdomTree Investments, Inc. (WETF)

Royce & Associates LP lowered its stake in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 47.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 484,200 shares of the asset manager’s stock after selling 437,000 shares during the period. Royce & Associates LP owned approximately 0.36% of WisdomTree Investments worth $4,397,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. State of Alaska Department of Revenue acquired a new stake in shares of WisdomTree Investments during the first quarter valued at approximately $115,000. Capstone Asset Management Co. acquired a new stake in shares of WisdomTree Investments during the first quarter valued at approximately $120,000. GSA Capital Partners LLP raised its stake 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 in the last quarter. Clifford Swan Investment Counsel LLC acquired a new stake in shares of WisdomTree Investments during the first quarter valued at approximately $191,000. Finally, United Capital Financial Advisers LLC raised its stake in shares of WisdomTree Investments by 57.9% in the fourth quarter. United Capital Financial Advisers LLC now owns 23,539 shares of the asset manager’s stock valued at $262,000 after buying an additional 8,629 shares in the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.

Institutional Ownership by Quarter for WisdomTree Investments (NASDAQ:WETF)

Shares of WisdomTree Investments, Inc. (WETF) traded up 1.35% during trading on Thursday, reaching $9.76. The company had a trading volume of 222,396 shares. WisdomTree Investments, Inc. has a 1-year low of $7.87 and a 1-year high of $13.32. The firm has a 50-day moving average of $9.38 and a 200 day moving average of $9.77. The firm has a market capitalization of $1.31 billion, a PE ratio of 65.07 and a beta of 3.03.

WisdomTree Investments (NASDAQ:WETF) last announced its earnings results on Friday, April 28th. The asset manager reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. WisdomTree Investments had a net margin of 9.83% and a return on equity of 11.15%. The business had revenue of $54.60 million during the quarter, compared to analysts’ expectations of $53.38 million. During the same period in the prior year, the company earned $0.09 earnings per share. The business’s revenue was down 10.3% compared to the same quarter last year. Analysts expect that WisdomTree Investments, Inc. will post $0.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 10th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, May 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.32%. WisdomTree Investments’s payout ratio is 200.01%.

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Several brokerages have recently commented on WETF. BidaskClub upgraded WisdomTree Investments from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Goldman Sachs Group, Inc. (The) increased their price objective on WisdomTree Investments from $7.00 to $8.00 and gave the company a “sell” rating in a report on Wednesday, March 15th. Zacks Investment Research upgraded WisdomTree Investments from a “sell” rating to a “hold” rating in a report on Wednesday, March 29th. Keefe, Bruyette & Woods reiterated a “sell” rating and set a $8.00 price objective on shares of WisdomTree Investments in a report on Monday, April 10th. Finally, Citigroup Inc. upgraded WisdomTree Investments from a “neutral” rating to a “buy” rating and set a $10.50 price objective for the company in a report on Monday, May 15th. Four research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. WisdomTree Investments currently has an average rating of “Hold” and a consensus price target of $10.64.

WisdomTree Investments Company Profile

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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