WisdomTree Investments, Inc. (WETF) Short Interest Update
WisdomTree Investments, Inc. (NASDAQ:WETF) was the target of a large growth in short interest in September. As of September 29th, there was short interest totalling 27,778,235 shares, a growth of 5.1% from the September 15th total of 26,421,633 shares. Based on an average daily volume of 1,419,799 shares, the days-to-cover ratio is currently 19.6 days. Currently, 24.3% of the shares of the stock are short sold.
Shares of WisdomTree Investments (NASDAQ WETF) opened at 10.75 on Thursday. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 48.86 and a beta of 3.15. The stock’s 50 day moving average is $9.50 and its 200-day moving average is $9.49. WisdomTree Investments has a 12-month low of $7.87 and a 12-month high of $13.32.
WisdomTree Investments (NASDAQ:WETF) last announced its earnings results on Friday, July 28th. The asset manager reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. The firm had revenue of $63.40 million for the quarter, compared to the consensus estimate of $57.27 million. WisdomTree Investments had a net margin of 13.33% and a return on equity of 15.41%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the company posted $0.07 EPS. On average, analysts anticipate that WisdomTree Investments will post $0.25 EPS for the current fiscal year.
In related news, Director Bruce I. Lavine sold 19,849 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $9.95, for a total value of $197,497.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 16.60% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the business. Aberdeen Asset Management PLC UK raised its holdings in WisdomTree Investments by 8.1% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 2,962,738 shares of the asset manager’s stock worth $30,131,000 after buying an additional 222,963 shares during the period. BlackRock Inc. raised its holdings in WisdomTree Investments by 25,214.1% during the 1st quarter. BlackRock Inc. now owns 13,399,791 shares of the asset manager’s stock worth $121,669,000 after buying an additional 13,346,857 shares during the period. Principal Financial Group Inc. raised its holdings in WisdomTree Investments by 94.0% during the 1st quarter. Principal Financial Group Inc. now owns 888,209 shares of the asset manager’s stock worth $8,065,000 after buying an additional 430,388 shares during the period. Fox Run Management L.L.C. acquired a new stake in WisdomTree Investments during the 2nd quarter worth approximately $296,000. Finally, UBS Group AG raised its holdings in WisdomTree Investments by 7.2% during the 1st quarter. UBS Group AG now owns 445,432 shares of the asset manager’s stock worth $4,045,000 after buying an additional 29,892 shares during the period. Hedge funds and other institutional investors own 92.49% of the company’s stock.
A number of analysts recently commented on the stock. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $10.00 target price on shares of WisdomTree Investments in a report on Thursday. Zacks Investment Research downgraded shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $14.00 target price on shares of WisdomTree Investments in a report on Thursday, September 7th. BidaskClub downgraded shares of WisdomTree Investments from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Finally, Gabelli reiterated a “buy” rating on shares of WisdomTree Investments in a report on Monday, July 31st. Six research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $10.33.
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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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