Insider Buying: WisdomTree Investments, Inc. (WETF) Insider Buys 19,710 Shares of Stock

WisdomTree Investments, Inc. (NASDAQ:WETF) insider Kurt Macalpine acquired 19,710 shares of the business’s stock in a transaction on Monday, February 5th. The stock was acquired at an average cost of $10.38 per share, for a total transaction of $204,589.80. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of WisdomTree Investments, Inc. (NASDAQ:WETF) traded up $0.21 during midday trading on Wednesday, hitting $10.33. The stock had a trading volume of 2,086,340 shares, compared to its average volume of 1,450,000. WisdomTree Investments, Inc. has a 1 year low of $7.87 and a 1 year high of $13.41. The stock has a market cap of $1,410.00, a PE ratio of 51.65, a PEG ratio of 1.53 and a beta of 2.68.

WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings results on Friday, February 2nd. The asset manager reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). WisdomTree Investments had a net margin of 11.46% and a return on equity of 16.00%. The firm had revenue of $61.39 million for the quarter, compared to analysts’ expectations of $60.89 million. During the same period in the prior year, the company earned $0.03 EPS. The firm’s quarterly revenue was up 20.8% on a year-over-year basis. equities analysts predict that WisdomTree Investments, Inc. will post 0.44 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.16%. WisdomTree Investments’s dividend payout ratio is presently 160.00%.

Several hedge funds and other institutional investors have recently modified their holdings of WETF. Schwab Charles Investment Management Inc. lifted its position in shares of WisdomTree Investments by 0.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 476,715 shares of the asset manager’s stock valued at $4,849,000 after buying an additional 4,419 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of WisdomTree Investments by 1.6% during the 2nd quarter. Teachers Advisors LLC now owns 210,414 shares of the asset manager’s stock valued at $2,140,000 after buying an additional 3,275 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of WisdomTree Investments by 0.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 310,856 shares of the asset manager’s stock valued at $3,161,000 after buying an additional 1,011 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of WisdomTree Investments by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 604,526 shares of the asset manager’s stock valued at $6,148,000 after buying an additional 2,007 shares during the last quarter. Finally, Amalgamated Bank lifted its position in shares of WisdomTree Investments by 5.0% during the 2nd quarter. Amalgamated Bank now owns 15,966 shares of the asset manager’s stock valued at $162,000 after buying an additional 760 shares during the last quarter. 89.75% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $12.00 price objective on shares of WisdomTree Investments in a research report on Friday, February 2nd. Bank of America cut their price objective on WisdomTree Investments from $10.00 to $9.50 and set an “underperform” rating on the stock in a research report on Monday. Citigroup cut their price objective on WisdomTree Investments from $15.00 to $13.50 and set a “buy” rating on the stock in a research report on Tuesday. BidaskClub raised WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Finally, Northland Securities reissued a “hold” rating and issued a $12.00 price objective on shares of WisdomTree Investments in a research report on Sunday, October 29th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.72.

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WisdomTree Investments Company Profile

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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