Zacks Investment Research Lowers Wisdom Tree Investments (NASDAQ:WETF) to Sell

Zacks Investment Research downgraded shares of Wisdom Tree Investments (NASDAQ:WETF) from a hold rating to a sell rating in a research note published on Sunday, Zacks.com reports.

According to Zacks, “INDIVIDUAL INVESTOR GROUP INC. is an information services company that publishes and markets Individual Investor magazine and Individual Investor’s Special Situations Report. In addition, the Company, through wholly owned subsidiaries, is the investment manager of private investment funds. “

Several other research firms also recently weighed in on WETF. BidaskClub raised shares of Wisdom Tree Investments from a sell rating to a hold rating in a research note on Wednesday, September 18th. Northland Securities reissued a hold rating and issued a $6.50 price target on shares of Wisdom Tree Investments in a research note on Friday, October 25th. ValuEngine raised shares of Wisdom Tree Investments from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley lowered their price target on shares of Wisdom Tree Investments from $7.00 to $6.00 and set an equal weight rating for the company in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Wisdom Tree Investments has an average rating of Hold and an average target price of $7.10.

NASDAQ WETF opened at $5.37 on Friday. Wisdom Tree Investments has a 52-week low of $4.55 and a 52-week high of $8.04. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.67 and a current ratio of 1.72. The company has a market capitalization of $803.41 million, a P/E ratio of 16.78, a P/E/G ratio of 2.27 and a beta of 1.53. The company has a fifty day moving average of $5.12 and a 200-day moving average of $5.88.

Wisdom Tree Investments (NASDAQ:WETF) last posted its quarterly earnings results on Friday, October 25th. The asset manager reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The business had revenue of $67.70 million during the quarter, compared to the consensus estimate of $66.88 million. Wisdom Tree Investments had a net margin of 1.46% and a return on equity of 10.05%. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 earnings per share. As a group, analysts forecast that Wisdom Tree Investments will post 0.21 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, November 5th. Wisdom Tree Investments’s dividend payout ratio is presently 37.50%.

In other news, insider Jeremy Schwartz acquired 10,000 shares of the stock in a transaction dated Wednesday, August 28th. The stock was purchased at an average cost of $4.73 per share, with a total value of $47,300.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President R Jarrett Lilien acquired 18,940 shares of the stock in a transaction dated Tuesday, October 29th. The shares were purchased at an average cost of $5.28 per share, with a total value of $100,003.20. The disclosure for this purchase can be found here. Insiders own 14.90% of the company’s stock.

Several large investors have recently modified their holdings of the company. BB&T Securities LLC raised its stake in shares of Wisdom Tree Investments by 18.8% during the third quarter. BB&T Securities LLC now owns 13,732 shares of the asset manager’s stock valued at $71,000 after acquiring an additional 2,177 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Wisdom Tree Investments by 13.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 19,574 shares of the asset manager’s stock valued at $121,000 after acquiring an additional 2,260 shares during the last quarter. State of Tennessee Treasury Department raised its stake in shares of Wisdom Tree Investments by 8.5% during the third quarter. State of Tennessee Treasury Department now owns 51,465 shares of the asset manager’s stock valued at $269,000 after acquiring an additional 4,046 shares during the last quarter. NumerixS Investment Technologies Inc bought a new position in shares of Wisdom Tree Investments during the second quarter valued at about $25,000. Finally, HM Payson & Co. raised its stake in shares of Wisdom Tree Investments by 10.6% during the second quarter. HM Payson & Co. now owns 47,108 shares of the asset manager’s stock valued at $291,000 after acquiring an additional 4,502 shares during the last quarter. 72.87% of the stock is owned by hedge funds and other institutional investors.

Wisdom Tree Investments Company 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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