Alyeska Investment Group L.P. reduced its position in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 23.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,859 shares of the asset manager’s stock after selling 23,360 shares during the quarter. Alyeska Investment Group L.P. owned about 0.06% of WisdomTree Investments worth $793,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Everence Capital Management Inc. bought a new stake in shares of WisdomTree Investments in the 3rd quarter valued at about $103,000. Penserra Capital Management LLC bought a new stake in shares of WisdomTree Investments in the 2nd quarter valued at about $107,000. Traynor Capital Management Inc. bought a new stake in shares of WisdomTree Investments in the 3rd quarter valued at about $111,000. 3D Asset Management Inc. bought a new stake in shares of WisdomTree Investments in the 3rd quarter valued at about $112,000. Finally, Shelton Capital Management bought a new stake in shares of WisdomTree Investments in the 2nd quarter valued at about $116,000. 91.61% of the stock is owned by hedge funds and other institutional investors.
Shares of WisdomTree Investments, Inc. (NASDAQ WETF) opened at $11.46 on Friday. WisdomTree Investments, Inc. has a 52 week low of $7.87 and a 52 week high of $12.93. The stock has a market capitalization of $1,570.00, a P/E ratio of 50.78, a P/E/G ratio of 2.75 and a beta of 3.16.
WisdomTree Investments (NASDAQ:WETF) last posted its earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The business had revenue of $57.99 million during the quarter, compared to analysts’ expectations of $57.89 million. During the same period in the prior year, the business earned $0.06 EPS. WisdomTree Investments’s revenue for the quarter was up 12.0% compared to the same quarter last year. equities analysts anticipate that WisdomTree Investments, Inc. will post 0.25 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.32 dividend on an annualized basis and a yield of 2.79%. WisdomTree Investments’s payout ratio is 145.45%.
A number of analysts have recently commented on WETF shares. Zacks Investment Research cut WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Northland Securities reaffirmed a “hold” rating and issued a $12.00 price target on shares of WisdomTree Investments in a research note on Sunday, October 29th. Keefe, Bruyette & Woods raised WisdomTree Investments from an “underperform” rating to a “mkt perform” rating in a research note on Tuesday, November 14th. Jefferies Group reaffirmed a “buy” rating and issued a $14.00 price target on shares of WisdomTree Investments in a research note on Thursday, September 7th. Finally, Citigroup reaffirmed a “buy” rating and issued a $15.00 price target on shares of WisdomTree Investments in a research note on Monday, October 30th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $11.28.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.truebluetribune.com/2017/12/15/alyeska-investment-group-l-p-sells-23360-shares-of-wisdomtree-investments-inc-wetf.html.
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.
Want to see what other hedge funds are holding WETF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WisdomTree Investments, Inc. (NASDAQ:WETF).
Receive News & Ratings for WisdomTree Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WisdomTree Investments and related companies with MarketBeat.com's FREE daily email newsletter.