Wisdom Tree Investments (WETF) Hits New 1-Year Low at $6.36

Wisdom Tree Investments Inc (NASDAQ:WETF) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $6.36 and last traded at $6.48, with a volume of 39502 shares trading hands. The stock had previously closed at $6.70.

A number of research analysts have issued reports on WETF shares. Zacks Investment Research upgraded shares of Wisdom Tree Investments from a “sell” rating to a “hold” rating in a report on Saturday, October 13th. Credit Suisse Group reduced their target price on shares of Wisdom Tree Investments from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Monday, October 29th. Morgan Stanley set a $10.00 target price on shares of Wisdom Tree Investments and gave the company a “hold” rating in a report on Wednesday, October 10th. Citigroup reduced their target price on shares of Wisdom Tree Investments from $7.00 to $6.00 and set a “sell” rating on the stock in a report on Thursday, September 20th. Finally, ValuEngine upgraded shares of Wisdom Tree Investments from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 3rd. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $10.69.

The firm has a market capitalization of $999.33 million, a price-to-earnings ratio of 27.42, a PEG ratio of 0.74 and a beta of 2.18. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.77 and a current ratio of 1.84.

Wisdom Tree Investments (NASDAQ:WETF) last announced its quarterly earnings data on Friday, October 26th. The asset manager reported $0.09 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.09. The business had revenue of $72.57 million for the quarter, compared to analyst estimates of $72.32 million. Wisdom Tree Investments had a net margin of 18.05% and a return on equity of 16.22%. The company’s revenue was up 25.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 EPS. Analysts expect that Wisdom Tree Investments Inc will post 0.35 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, November 6th. This represents a $0.12 annualized dividend and a dividend yield of 1.82%. Wisdom Tree Investments’s payout ratio is currently 50.00%.

Hedge funds have recently made changes to their positions in the company. Vident Investment Advisory LLC purchased a new position in shares of Wisdom Tree Investments during the 2nd quarter worth about $100,000. Janney Montgomery Scott LLC purchased a new position in shares of Wisdom Tree Investments during the 2nd quarter worth about $209,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Wisdom Tree Investments during the 2nd quarter worth about $215,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Wisdom Tree Investments during the 2nd quarter worth about $223,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Wisdom Tree Investments during the 2nd quarter worth approximately $230,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

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Wisdom Tree Investments Company Profile (NASDAQ:WETF)

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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