Guinness Atkinson Asset Management Inc increased its position in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 21.8% during the second quarter, Holdings Channel reports. The firm owned 669,940 shares of the asset manager’s stock after buying an additional 119,700 shares during the period. WisdomTree Investments makes up about 4.4% of Guinness Atkinson Asset Management Inc’s portfolio, making the stock its 8th largest position. Guinness Atkinson Asset Management Inc’s holdings in WisdomTree Investments were worth $6,813,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new stake in WisdomTree Investments during the first quarter valued at approximately $115,000. Capstone Asset Management Co. acquired a new stake in WisdomTree Investments during the first quarter valued at approximately $120,000. Tudor Investment Corp ET AL acquired a new stake in WisdomTree Investments during the first quarter valued at approximately $123,000. GSA Capital Partners LLP raised its stake in WisdomTree Investments by 0.8% in the fourth quarter. GSA Capital Partners LLP now owns 17,544 shares of the asset manager’s stock valued at $195,000 after buying an additional 144 shares during the last quarter. Finally, Clifford Swan Investment Counsel LLC acquired a new stake in WisdomTree Investments during the first quarter valued at approximately $191,000. 95.28% of the stock is currently owned by hedge funds and other institutional investors.
WisdomTree Investments, Inc. (WETF) traded up 1.587% during midday trading on Monday, hitting $10.687. 792,235 shares of the stock traded hands. The company’s 50 day moving average is $9.69 and its 200-day moving average is $9.70. The company has a market cap of $1.44 billion, a P/E ratio of 71.247 and a beta of 3.10. WisdomTree Investments, Inc. has a one year low of $7.87 and a one year high of $13.32.
WisdomTree Investments (NASDAQ:WETF) last issued its earnings results on Friday, April 28th. The asset manager reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The business had revenue of $54.60 million for the quarter, compared to the consensus estimate of $53.38 million. WisdomTree Investments had a net margin of 9.83% and a return on equity of 11.15%. The business’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share. On average, equities research analysts forecast that WisdomTree Investments, Inc. will post $0.24 EPS for the current fiscal year.
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Several research firms have commented on WETF. Jefferies Group LLC reaffirmed a “buy” rating and issued a $14.00 price target on shares of WisdomTree Investments in a report on Wednesday, June 28th. Zacks Investment Research raised shares of WisdomTree Investments from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Tuesday, July 4th. BidaskClub raised shares of WisdomTree Investments from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $8.00 price target on shares of WisdomTree Investments in a report on Monday, April 10th. Finally, Goldman Sachs Group, Inc. (The) upped their price target on shares of WisdomTree Investments from $7.00 to $8.00 and gave the company a “sell” rating in a report on Wednesday, March 15th. Three investment analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $10.36.
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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