Wisdom Tree Investments Inc (NASDAQ:WETF) – Analysts at Jefferies Financial Group decreased their FY2019 earnings estimates for shares of Wisdom Tree Investments in a research note issued on Tuesday, July 9th. Jefferies Financial Group analyst D. Fannon now forecasts that the asset manager will post earnings per share of $0.22 for the year, down from their prior forecast of $0.23.
Wisdom Tree Investments (NASDAQ:WETF) last posted its earnings results on Friday, April 26th. The asset manager reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). The business had revenue of $65.50 million during the quarter, compared to the consensus estimate of $66.82 million. Wisdom Tree Investments had a return on equity of 12.97% and a net margin of 12.84%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share.
NASDAQ WETF opened at $6.30 on Wednesday. The company has a quick ratio of 1.80, a current ratio of 1.90 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $973.73 million, a PE ratio of 19.69, a PEG ratio of 2.58 and a beta of 1.61. Wisdom Tree Investments has a 1 year low of $5.73 and a 1 year high of $9.56. The business has a 50-day simple moving average of $6.18.
In other news, CEO Jonathan L. Steinberg acquired 79,365 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were acquired at an average cost of $6.25 per share, with a total value of $496,031.25. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 14.90% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Magnus Financial Group LLC bought a new stake in shares of Wisdom Tree Investments in the 1st quarter worth approximately $82,000. GSA Capital Partners LLP bought a new stake in shares of Wisdom Tree Investments in the 4th quarter worth approximately $84,000. Hsbc Holdings PLC boosted its position in shares of Wisdom Tree Investments by 41.2% in the 4th quarter. Hsbc Holdings PLC now owns 15,837 shares of the asset manager’s stock worth $106,000 after purchasing an additional 4,621 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Wisdom Tree Investments by 36.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 17,314 shares of the asset manager’s stock worth $122,000 after purchasing an additional 4,659 shares in the last quarter. Finally, Amalgamated Bank bought a new stake in shares of Wisdom Tree Investments in the 4th quarter worth approximately $126,000. 73.87% of the stock is currently owned by institutional investors and hedge funds.
Wisdom Tree Investments Company Profile
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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