WisdomTree Investments, Inc. (NASDAQ:WETF) Shares Bought by Granite Investment Partners LLC
Granite Investment Partners LLC increased its stake in WisdomTree Investments, Inc. (NASDAQ:WETF) by 40.2% during the second quarter, Holdings Channel reports. The firm owned 1,363,177 shares of the asset manager’s stock after buying an additional 390,716 shares during the period. WisdomTree Investments makes up about 0.9% of Granite Investment Partners LLC’s portfolio, making the stock its 27th largest position. Granite Investment Partners LLC’s holdings in WisdomTree Investments were worth $13,863,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of WETF. Teachers Advisors LLC boosted its position in WisdomTree Investments by 6.7% in the fourth quarter. Teachers Advisors LLC now owns 221,994 shares of the asset manager’s stock valued at $2,473,000 after buying an additional 14,015 shares during the period. Russell Investments Group Ltd. boosted its position in WisdomTree Investments by 57.5% in the first quarter. Russell Investments Group Ltd. now owns 518,282 shares of the asset manager’s stock valued at $4,707,000 after buying an additional 189,168 shares during the period. Capstone Asset Management Co. bought a new position in WisdomTree Investments during the first quarter valued at $120,000. UBS Group AG boosted its position in WisdomTree Investments by 7.2% in the first quarter. UBS Group AG now owns 445,432 shares of the asset manager’s stock valued at $4,045,000 after buying an additional 29,892 shares during the period. Finally, Principal Financial Group Inc. boosted its position in WisdomTree Investments by 94.0% in the first quarter. Principal Financial Group Inc. now owns 888,209 shares of the asset manager’s stock valued at $8,065,000 after buying an additional 430,388 shares during the period. Hedge funds and other institutional investors own 95.28% of the company’s stock.
Shares of WisdomTree Investments, Inc. (NASDAQ WETF) opened at 9.44 on Thursday. The company has a market cap of $1.27 billion, a PE ratio of 43.11 and a beta of 3.09. WisdomTree Investments, Inc. has a 52-week low of $7.87 and a 52-week high of $13.32. The company has a 50 day moving average of $10.29 and a 200-day moving average of $9.45.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. WisdomTree Investments had a net margin of 13.33% and a return on equity of 15.41%. The firm had revenue of $63.40 million during the quarter, compared to the consensus estimate of $57.27 million. During the same period in the previous year, the firm posted $0.07 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. Analysts forecast that WisdomTree Investments, Inc. will post $0.24 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Monday, August 7th. WisdomTree Investments’s dividend payout ratio (DPR) is currently 145.46%.
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WETF has been the subject of several recent research reports. Zacks Investment Research cut shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Jefferies Group LLC reiterated a “buy” rating and set a $14.00 target price on shares of WisdomTree Investments in a research report on Wednesday, June 28th. ValuEngine cut shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. BidaskClub upgraded shares of WisdomTree Investments from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, Citigroup Inc. upgraded shares of WisdomTree Investments from a “neutral” rating to a “buy” rating and set a $10.50 target price for the company in a research report on Monday, May 15th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $10.11.
In other WisdomTree Investments news, Director Bruce I. Lavine sold 19,849 shares of WisdomTree Investments stock in a transaction 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 16.10% of the company’s stock.
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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