Wisdom Tree Investments Inc (NASDAQ:WETF) has received an average rating of “Hold” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $8.00.

A number of research analysts have issued reports on WETF shares. ValuEngine upgraded Wisdom Tree Investments from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 12th. Zacks Investment Research lowered Wisdom Tree Investments from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, BidaskClub lowered Wisdom Tree Investments from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 15th.

NASDAQ WETF traded down $0.15 on Friday, hitting $6.49. 22,751 shares of the company’s stock traded hands, compared to its average volume of 1,201,387. The company has a current ratio of 1.90, a quick ratio of 1.80 and a debt-to-equity ratio of 0.54. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 2.66 and a beta of 1.64. Wisdom Tree Investments has a 1-year low of $5.73 and a 1-year high of $11.75.

Wisdom Tree Investments (NASDAQ:WETF) last posted its earnings results on Friday, April 26th. The asset manager reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $65.50 million for the quarter, compared to analysts’ expectations of $66.82 million. Wisdom Tree Investments had a net margin of 12.84% and a return on equity of 12.97%. Wisdom Tree Investments’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the firm earned $0.08 earnings per share. Analysts forecast that Wisdom Tree Investments will post 0.24 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Tuesday, May 7th. Wisdom Tree Investments’s payout ratio is 37.50%.

In other Wisdom Tree Investments news, CEO Jonathan L. Steinberg purchased 75,000 shares of the business’s stock in a transaction on Monday, May 13th. The shares were bought at an average cost of $6.57 per share, for a total transaction of $492,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 14.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund purchased a new stake in Wisdom Tree Investments during the 4th quarter worth approximately $44,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Wisdom Tree Investments by 62.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,320 shares of the asset manager’s stock valued at $69,000 after buying an additional 3,956 shares during the period. Magnus Financial Group LLC bought a new stake in shares of Wisdom Tree Investments in the first quarter valued at approximately $82,000. GSA Capital Partners LLP bought a new stake in shares of Wisdom Tree Investments in the fourth quarter valued at approximately $84,000. Finally, Hsbc Holdings PLC boosted its stake in shares of Wisdom Tree Investments by 41.2% in the fourth quarter. Hsbc Holdings PLC now owns 15,837 shares of the asset manager’s stock valued at $106,000 after buying an additional 4,621 shares during the period. 70.89% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Wisdom Tree Investments (NASDAQ:WETF)

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