Truvvo Partners LLC Invests $92,000 in Wisdom Tree Investments Inc (NASDAQ:WETF)
Truvvo Partners LLC bought a new position in Wisdom Tree Investments Inc (NASDAQ:WETF) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 14,861 shares of the asset manager’s stock, valued at approximately $92,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of WETF. Northern Trust Corp grew its holdings in shares of Wisdom Tree Investments by 1.3% in the second quarter. Northern Trust Corp now owns 1,561,769 shares of the asset manager’s stock worth $9,636,000 after purchasing an additional 19,463 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Wisdom Tree Investments in the second quarter worth approximately $1,055,000. Renaissance Technologies LLC grew its holdings in shares of Wisdom Tree Investments by 4.6% in the second quarter. Renaissance Technologies LLC now owns 2,452,602 shares of the asset manager’s stock worth $15,133,000 after purchasing an additional 108,502 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Wisdom Tree Investments by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 3,561,986 shares of the asset manager’s stock worth $21,977,000 after purchasing an additional 20,664 shares during the last quarter. Finally, Capital Fund Management S.A. bought a new position in shares of Wisdom Tree Investments in the second quarter worth approximately $268,000. Hedge funds and other institutional investors own 73.08% of the company’s stock.
WETF has been the topic of several recent analyst reports. BidaskClub upgraded shares of Wisdom Tree Investments from a “strong sell” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research cut shares of Wisdom Tree Investments from a “hold” rating to a “sell” rating in a report on Sunday, July 14th. Five research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company has a consensus rating of “Sell” and an average target price of $7.80.
NASDAQ:WETF traded up $0.22 during trading hours on Friday, hitting $5.52. The company had a trading volume of 53,345 shares, compared to its average volume of 994,313. The company has a market capitalization of $803.41 million, a PE ratio of 17.23, a price-to-earnings-growth ratio of 2.28 and a beta of 1.58. The stock has a 50-day moving average price of $5.41 and a 200 day moving average price of $6.49. Wisdom Tree Investments Inc has a 52 week low of $4.56 and a 52 week high of $8.53. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.93 and a quick ratio of 1.78.
Wisdom Tree Investments (NASDAQ:WETF) last released its quarterly earnings results on Friday, July 26th. The asset manager reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $66.30 million during the quarter, compared to the consensus estimate of $66.98 million. Wisdom Tree Investments had a net margin of 8.00% and a return on equity of 11.09%. The business’s revenue was down 11.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS. Analysts anticipate that Wisdom Tree Investments Inc will post 0.22 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Tuesday, August 6th. Wisdom Tree Investments’s dividend payout ratio (DPR) is currently 37.50%.
Wisdom Tree Investments Company Profile
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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