Victory Capital Management Inc. increased its position in WisdomTree Investments Inc. (NASDAQ:WETF) by 17.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,655 shares of the company’s stock after buying an additional 2,337 shares during the period. Victory Capital Management Inc.’s holdings in WisdomTree Investments were worth $153,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP boosted its position in WisdomTree Investments by 25.9% in the first quarter. Wellington Management Group LLP now owns 19,218,783 shares of the company’s stock worth $219,671,000 after buying an additional 3,956,785 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in shares of WisdomTree Investments by 10.2% in the first quarter. TimesSquare Capital Management LLC now owns 6,076,505 shares of the company’s stock worth $69,454,000 after buying an additional 561,500 shares during the period. State Street Corp boosted its position in shares of WisdomTree Investments by 1.7% in the first quarter. State Street Corp now owns 4,014,062 shares of the company’s stock worth $45,880,000 after buying an additional 67,371 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in shares of WisdomTree Investments by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,373,281 shares of the company’s stock worth $38,557,000 after buying an additional 26,374 shares during the period. Finally, Ardevora Asset Management LLP boosted its position in shares of WisdomTree Investments by 28.7% in the second quarter. Ardevora Asset Management LLP now owns 2,593,100 shares of the company’s stock worth $25,386,000 after buying an additional 578,400 shares during the period. 96.12% of the stock is owned by institutional investors and hedge funds.
Shares of WisdomTree Investments Inc. (NASDAQ:WETF) traded up 0.39% during midday trading on Wednesday, hitting $10.21. The stock had a trading volume of 695,402 shares. WisdomTree Investments Inc. has a one year low of $8.70 and a one year high of $22.33. The company has a market cap of $1.37 billion, a P/E ratio of 23.69 and a beta of 2.65. The stock has a 50 day moving average of $10.23 and a 200-day moving average of $10.77.
WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.04. The company earned $55.98 million during the quarter, compared to analyst estimates of $55.01 million. WisdomTree Investments had a return on equity of 26.72% and a net margin of 21.72%. The firm’s revenue was down 31.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 earnings per share. Analysts forecast that WisdomTree Investments Inc. will post $0.23 EPS for the current fiscal year.
WETF has been the subject of a number of research analyst reports. Citigroup Inc. restated a “sell” rating and set a $6.00 target price on shares of WisdomTree Investments in a report on Tuesday, June 21st. Jefferies Group restated a “buy” rating and set a $13.00 target price on shares of WisdomTree Investments in a report on Tuesday, July 5th. Bank of America Corp. cut WisdomTree Investments from a “buy” rating to a “neutral” rating in a report on Tuesday, June 28th. Zacks Investment Research cut WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Credit Suisse Group AG restated a “buy” rating on shares of WisdomTree Investments in a report on Monday, August 1st. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. WisdomTree Investments has an average rating of “Hold” and a consensus target price of $13.85.
In related news, CEO Jonathan L. Steinberg bought 250,000 shares of the firm’s stock in a transaction dated Friday, August 19th. The stock was bought at an average price of $10.16 per share, with a total value of $2,540,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony Bossone bought 50,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was bought at an average cost of $9.90 per share, with a total value of $495,000.00. The disclosure for this purchase can be found here. Company 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 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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