Short Interest in WisdomTree Investments, Inc. (WETF) Declines By 5.9%
WisdomTree Investments, Inc. (NASDAQ:WETF) saw a significant drop in short interest during the month of December. As of December 30th, there was short interest totalling 27,618,301 shares, a drop of 5.9% from the December 15th total of 29,341,332 shares. Approximately 24.3% of the shares of the company are short sold. Based on an average daily trading volume, of 2,252,773 shares, the days-to-cover ratio is presently 12.3 days.
WisdomTree Investments (NASDAQ:WETF) opened at 11.38 on Friday. WisdomTree Investments has a 12-month low of $8.00 and a 12-month high of $13.72. The company’s 50-day moving average price is $11.62 and its 200-day moving average price is $10.43. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 35.23 and a beta of 3.16.
WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings results on Friday, October 28th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. WisdomTree Investments had a return on equity of 20.75% and a net margin of 18.03%. The firm had revenue of $51.80 million for the quarter, compared to analysts’ expectations of $51.09 million. During the same period in the prior year, the business posted $0.17 earnings per share. The business’s revenue was down 35.9% compared to the same quarter last year. Equities analysts expect that WisdomTree Investments will post $0.24 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Capstone Asset Management Co. boosted its stake in shares of WisdomTree Investments by 27.5% in the second quarter. Capstone Asset Management Co. now owns 25,990 shares of the company’s stock worth $254,000 after buying an additional 5,600 shares during the period. Strs Ohio raised its position in WisdomTree Investments by 20.8% in the second quarter. Strs Ohio now owns 290,000 shares of the company’s stock worth $2,839,000 after buying an additional 50,000 shares in the last quarter. Patriot Wealth Management Inc. raised its position in WisdomTree Investments by 1.9% in the second quarter. Patriot Wealth Management Inc. now owns 314,983 shares of the company’s stock worth $3,084,000 after buying an additional 5,923 shares in the last quarter. American Century Companies Inc. raised its position in WisdomTree Investments by 627.7% in the second quarter. American Century Companies Inc. now owns 1,175,525 shares of the company’s stock worth $11,508,000 after buying an additional 1,013,980 shares in the last quarter. Finally, Trillium Asset Management LLC raised its position in WisdomTree Investments by 2.5% in the second quarter. Trillium Asset Management LLC now owns 518,532 shares of the company’s stock worth $5,076,000 after buying an additional 12,460 shares in the last quarter. Hedge funds and other institutional investors own 95.44% of the company’s stock.
A number of equities research analysts have issued reports on WETF shares. Jefferies Group set a $14.00 target price on WisdomTree Investments and gave the company a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of WisdomTree Investments from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Saturday, December 31st. Credit Suisse Group restated a “buy” rating and set a $11.00 price objective on shares of WisdomTree Investments in a research note on Monday, November 7th. Citigroup Inc. restated a “sell” rating and set a $6.50 price objective on shares of WisdomTree Investments in a research note on Monday, October 31st. Finally, Bank of America cut shares of WisdomTree Investments from a “neutral” rating to an “underperform” rating and set a $10.00 price objective on the stock. in a research note on Friday, December 16th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. WisdomTree Investments currently has a consensus rating of “Hold” and a consensus target price of $11.94.
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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 fundamentally weighted funds that track its own indexes, funds that track third party indexes and actively managed funds. The Company operates through exchange traded products (ETP) sponsor and asset manager providing investment advisory services segment.
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