Wisdom Tree Investments Inc (NASDAQ:WETF) Director Anthony Bossone Acquires 100,000 Shares of Stock

Wisdom Tree Investments Inc (NASDAQ:WETF) Director Anthony Bossone bought 100,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were bought at an average cost of $4.99 per share, for a total transaction of $499,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Wisdom Tree Investments stock traded up $0.12 on Friday, reaching $5.10. 1,371,600 shares of the company were exchanged, compared to its average volume of 902,936. The firm has a market capitalization of $796.24 million, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 2.23 and a beta of 1.53. The stock has a fifty day moving average price of $5.08 and a 200-day moving average price of $5.77. Wisdom Tree Investments Inc has a fifty-two week low of $4.55 and a fifty-two week high of $8.04. The company has a current ratio of 1.72, a quick ratio of 1.67 and a debt-to-equity ratio of 0.55.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $0.12 annualized dividend and a dividend yield of 2.35%. Wisdom Tree Investments’s dividend payout ratio (DPR) is presently 37.50%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SMH Capital Advisors Inc. bought a new stake in shares of Wisdom Tree Investments during the 3rd quarter worth about $59,000. California Public Employees Retirement System lifted its position in shares of Wisdom Tree Investments by 14.8% during the 3rd quarter. California Public Employees Retirement System now owns 237,153 shares of the asset manager’s stock worth $1,239,000 after purchasing an additional 30,552 shares during the last quarter. State of Tennessee Treasury Department lifted its position in shares of Wisdom Tree Investments by 8.5% during the 3rd quarter. State of Tennessee Treasury Department now owns 51,465 shares of the asset manager’s stock worth $269,000 after purchasing an additional 4,046 shares during the last quarter. BB&T Securities LLC lifted its position in shares of Wisdom Tree Investments by 18.8% during the 3rd quarter. BB&T Securities LLC now owns 13,732 shares of the asset manager’s stock worth $71,000 after purchasing an additional 2,177 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Wisdom Tree Investments by 1.8% during the 3rd quarter. Fisher Asset Management LLC now owns 981,088 shares of the asset manager’s stock worth $5,126,000 after purchasing an additional 17,592 shares during the last quarter. Institutional investors own 72.34% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. ValuEngine raised Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Northland Securities reaffirmed a “hold” rating and set a $6.50 target price on shares of Wisdom Tree Investments in a research report on Friday, October 25th. Zacks Investment Research lowered Wisdom Tree Investments from a “hold” rating to a “sell” rating in a research report on Sunday, November 3rd. BidaskClub raised Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. Finally, Morgan Stanley cut their target price on Wisdom Tree Investments from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $7.10.

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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