Wisdom Tree Investments Inc (NASDAQ:WETF) – Northcoast Research reduced their FY2018 earnings estimates for shares of Wisdom Tree Investments in a note issued to investors on Thursday, January 10th. Northcoast Research analyst K. Housum now forecasts that the asset manager will earn $0.34 per share for the year, down from their prior forecast of $0.35. Northcoast Research also issued estimates for Wisdom Tree Investments’ Q2 2019 earnings at $0.07 EPS, Q3 2019 earnings at $0.08 EPS and Q4 2019 earnings at $0.08 EPS.
Wisdom Tree Investments (NASDAQ:WETF) last released its quarterly earnings results on Friday, October 26th. The asset manager reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. The business had revenue of $72.57 million during the quarter, compared to the consensus estimate of $72.32 million. Wisdom Tree Investments had a return on equity of 16.22% and a net margin of 18.05%. The company’s quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS.
WETF stock opened at $6.63 on Friday. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 27.63, a P/E/G ratio of 0.73 and a beta of 1.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.84 and a quick ratio of 1.77. Wisdom Tree Investments has a 52-week low of $6.15 and a 52-week high of $13.41.
Several institutional investors have recently bought and sold shares of WETF. Vident Investment Advisory LLC bought a new stake in shares of Wisdom Tree Investments in the 2nd quarter worth approximately $100,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Wisdom Tree Investments in the 2nd quarter worth approximately $215,000. Cubist Systematic Strategies LLC bought a new stake in shares of Wisdom Tree Investments in the 2nd quarter worth approximately $230,000. SG Americas Securities LLC raised its holdings in shares of Wisdom Tree Investments by 42.5% in the 2nd quarter. SG Americas Securities LLC now owns 32,779 shares of the asset manager’s stock worth $298,000 after purchasing an additional 9,780 shares during the period. Finally, Raymond James & Associates raised its holdings in shares of Wisdom Tree Investments by 24.6% in the 2nd quarter. Raymond James & Associates now owns 58,038 shares of the asset manager’s stock worth $527,000 after purchasing an additional 11,462 shares during the period. 71.06% of the stock is currently owned by hedge funds and other institutional investors.
About Wisdom Tree Investments
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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