WisdomTree Investments, Inc. (NASDAQ:WETF) Director Bruce I. Lavine sold 10,289 shares of WisdomTree Investments stock in a transaction on Friday, August 4th. The shares were sold at an average price of $10.10, for a total transaction of $103,918.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

WisdomTree Investments, Inc. (NASDAQ WETF) traded up 2.34% on Monday, hitting $10.04. 783,960 shares of the stock traded hands. The firm has a market capitalization of $1.35 billion, a PE ratio of 45.84 and a beta of 3.09. WisdomTree Investments, Inc. has a 52 week low of $7.87 and a 52 week high of $13.32. The stock has a 50 day moving average of $10.29 and a 200 day moving average of $9.47.

WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings data on Friday, July 28th. The asset manager reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. WisdomTree Investments had a net margin of 13.33% and a return on equity of 15.41%. The firm had revenue of $63.40 million for the quarter, compared to analyst estimates of $57.27 million. During the same period last year, the firm earned $0.07 earnings per share. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. Equities research analysts anticipate that WisdomTree Investments, Inc. will post $0.25 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be issued a $0.08 dividend. The ex-dividend date is Monday, August 7th. This represents a $0.32 annualized dividend and a dividend yield of 3.24%. WisdomTree Investments’s dividend payout ratio is currently 145.46%.

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WETF has been the topic of several recent research reports. Citigroup Inc. upgraded shares of WisdomTree Investments from a “neutral” rating to a “buy” rating and set a $10.50 price target on the stock in a research note on Monday, May 15th. BidaskClub upgraded shares of WisdomTree Investments from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Jefferies Group LLC reiterated a “buy” rating and issued a $14.00 price target on shares of WisdomTree Investments in a research note on Wednesday, June 28th. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $8.00 price target on shares of WisdomTree Investments in a research note on Monday, April 10th. Finally, Zacks Investment Research lowered shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $10.11.

Hedge funds have recently made changes to their positions in the stock. Teachers Advisors LLC increased its stake in shares of WisdomTree Investments by 6.7% in the fourth quarter. Teachers Advisors LLC now owns 221,994 shares of the asset manager’s stock valued at $2,473,000 after buying an additional 14,015 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of WisdomTree Investments by 57.5% in the first quarter. Russell Investments Group Ltd. now owns 518,282 shares of the asset manager’s stock valued at $4,707,000 after buying an additional 189,168 shares in the last quarter. Capstone Asset Management Co. purchased a new stake in shares of WisdomTree Investments during the first quarter valued at approximately $120,000. UBS Group AG increased its stake in shares of WisdomTree Investments by 7.2% in the first quarter. UBS Group AG now owns 445,432 shares of the asset manager’s stock valued at $4,045,000 after buying an additional 29,892 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of WisdomTree Investments by 94.0% in the first quarter. Principal Financial Group Inc. now owns 888,209 shares of the asset manager’s stock valued at $8,065,000 after buying an additional 430,388 shares in the last quarter. Institutional investors own 95.28% 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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