North Star Investment Management Corp. Trims Holdings in Wisdom Tree Investments Inc (NASDAQ:WETF)

North Star Investment Management Corp. reduced its holdings in shares of Wisdom Tree Investments Inc (NASDAQ:WETF) by 22.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 50,938 shares of the asset manager’s stock after selling 14,571 shares during the period. North Star Investment Management Corp.’s holdings in Wisdom Tree Investments were worth $266,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WETF. Piedmont Investment Advisors Inc. boosted its stake in shares of Wisdom Tree Investments by 6.6% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 29,510 shares of the asset manager’s stock valued at $208,000 after buying an additional 1,822 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Wisdom Tree Investments during the 1st quarter valued at approximately $466,000. Clearbridge Investments LLC boosted its stake in shares of Wisdom Tree Investments by 0.3% during the 1st quarter. Clearbridge Investments LLC now owns 6,121,028 shares of the asset manager’s stock valued at $43,214,000 after buying an additional 18,732 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Wisdom Tree Investments by 24.8% during the 1st quarter. First Trust Advisors LP now owns 64,753 shares of the asset manager’s stock valued at $457,000 after buying an additional 12,862 shares during the last quarter. Finally, Whittier Trust Co. boosted its stake in shares of Wisdom Tree Investments by 5.0% during the 2nd quarter. Whittier Trust Co. now owns 114,348 shares of the asset manager’s stock valued at $705,000 after buying an additional 5,494 shares during the last quarter. Institutional investors own 72.97% of the company’s stock.

In other news, insider Jeremy Schwartz acquired 10,000 shares of Wisdom Tree Investments stock in a transaction that occurred on Wednesday, August 28th. The shares were purchased at an average cost of $4.73 per share, for a total transaction of $47,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 14.90% of the company’s stock.

WETF traded up $0.10 during trading hours on Friday, hitting $5.00. 1,595,434 shares of the stock were exchanged, compared to its average volume of 1,250,592. The stock has a 50-day simple moving average of $5.20 and a 200-day simple moving average of $6.26. Wisdom Tree Investments Inc has a 12 month low of $4.56 and a 12 month high of $8.46. The stock has a market cap of $775.50 million, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 2.16 and a beta of 1.60. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.93 and a quick ratio of 1.78.

Wisdom Tree Investments (NASDAQ:WETF) last announced its quarterly earnings data on Friday, July 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). Wisdom Tree Investments had a return on equity of 11.09% and a net margin of 8.00%. The firm had revenue of $66.30 million for the quarter, compared to the consensus estimate of $66.98 million. During the same quarter last year, the business earned $0.10 earnings per share. The business’s revenue for the quarter was down 11.4% compared to the same quarter last year. Sell-side analysts expect that Wisdom Tree Investments Inc will post 0.22 EPS for the current year.

Several equities analysts recently issued reports on the company. ValuEngine upgraded Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research cut Wisdom Tree Investments from a “hold” rating to a “sell” rating in a research note on Saturday, September 28th. Finally, BidaskClub upgraded Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research note on Wednesday, September 18th. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Wisdom Tree Investments currently has an average rating of “Hold” and a consensus target price of $7.80.

Wisdom Tree Investments 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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Institutional Ownership by Quarter for Wisdom Tree Investments (NASDAQ:WETF)

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