Tower Research Capital LLC TRC raised its stake in WisdomTree Investments, Inc. (NASDAQ:WETF) by 2,394.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 24,494 shares of the company’s stock after buying an additional 23,512 shares during the period. Tower Research Capital LLC TRC’s holdings in WisdomTree Investments were worth $240,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Carleon Capital Partners LLC boosted its stake in shares of WisdomTree Investments by 14.2% in the second quarter. Carleon Capital Partners LLC now owns 14,861 shares of the company’s stock worth $145,000 after buying an additional 1,843 shares during the period. Victory Capital Management Inc. boosted its stake in shares of WisdomTree Investments by 17.5% in the second quarter. Victory Capital Management Inc. now owns 15,655 shares of the company’s stock worth $153,000 after buying an additional 2,337 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of WisdomTree Investments by 12.9% in the second quarter. Teacher Retirement System of Texas now owns 16,319 shares of the company’s stock worth $160,000 after buying an additional 1,865 shares during the period. Wealthsource Partners LLC purchased a new stake in shares of WisdomTree Investments during the first quarter worth approximately $188,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of WisdomTree Investments by 109.1% in the first quarter. Envestnet Asset Management Inc. now owns 16,696 shares of the company’s stock worth $191,000 after buying an additional 8,711 shares during the period. 96.12% of the stock is currently owned by institutional investors.
Shares of WisdomTree Investments, Inc. (NASDAQ:WETF) opened at 10.18 on Monday. The company has a 50 day moving average of $10.32 and a 200-day moving average of $10.92. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 23.62 and a beta of 2.67. WisdomTree Investments, Inc. has a 12-month low of $8.70 and a 12-month high of $22.33.
WisdomTree Investments (NASDAQ:WETF) last issued its earnings results on Friday, July 29th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The company had revenue of $55.98 million for the quarter, compared to analysts’ expectations of $55.01 million. WisdomTree Investments had a net margin of 21.72% and a return on equity of 26.72%. The firm’s revenue was down 31.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 EPS. Analysts predict that WisdomTree Investments, Inc. will post $0.23 EPS for the current year.
WETF has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of WisdomTree Investments from a “sell” rating to a “hold” rating in a research report on Wednesday, September 14th. Jefferies Group reiterated a “buy” rating and set a $13.00 price objective on shares of WisdomTree Investments in a report on Tuesday, July 5th. Bank of America Corp. lowered shares of WisdomTree Investments from a “buy” rating to a “neutral” rating in a report on Tuesday, June 28th. Northland Securities lowered shares of WisdomTree Investments from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 1st. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of WisdomTree Investments in a report on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.23.
In other WisdomTree Investments news, CEO Jonathan L. Steinberg bought 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The shares were bought at an average price of $10.23 per share, for a total transaction of $1,023,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Anthony Bossone bought 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was acquired at an average price of $9.90 per share, for a total transaction of $495,000.00. The disclosure for this purchase can be found here. 16.10% of the stock is currently owned by corporate insiders.
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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