Separately, Zacks Investment Research raised shares of Wisdom Tree Investments from a sell rating to a hold rating in a research report on Saturday, September 14th. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock has a consensus rating of Sell and an average target price of $7.80.
NASDAQ WETF opened at $5.57 on Wednesday. The company has a 50 day simple moving average of $5.28 and a 200-day simple moving average of $6.40. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.93 and a quick ratio of 1.78. The firm has a market capitalization of $863.13 million, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 2.42 and a beta of 1.58. Wisdom Tree Investments has a 52-week low of $4.56 and a 52-week high of $8.53.
In other Wisdom Tree Investments news, insider Jeremy Schwartz acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were purchased at an average price of $4.73 per share, with a total value of $47,300.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 14.90% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of WETF. BlackRock Inc. grew its holdings in Wisdom Tree Investments by 6.5% during the second quarter. BlackRock Inc. now owns 18,096,723 shares of the asset manager’s stock valued at $111,658,000 after purchasing an additional 1,097,210 shares during the last quarter. Clearbridge Investments LLC grew its holdings in Wisdom Tree Investments by 0.3% during the first quarter. Clearbridge Investments LLC now owns 6,121,028 shares of the asset manager’s stock valued at $43,214,000 after purchasing an additional 18,732 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Wisdom Tree Investments by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,599,120 shares of the asset manager’s stock valued at $23,934,000 after purchasing an additional 131,218 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Wisdom Tree Investments by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 3,561,986 shares of the asset manager’s stock valued at $21,977,000 after purchasing an additional 20,664 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Wisdom Tree Investments by 4.6% during the second quarter. Renaissance Technologies LLC now owns 2,452,602 shares of the asset manager’s stock valued at $15,133,000 after purchasing an additional 108,502 shares during the last quarter. 72.97% of the stock is currently owned by hedge funds and other institutional investors.
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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