WisdomTree Investments (NASDAQ:WETF) hits new 1-year low at $5.06

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The share price of WisdomTree Investments, Inc. (NASDAQ:WETF – Get Rating) hit a new 52-week low during Thursday’s midday session. The company traded as low as $5.06 and last traded at $5.08, with volume of 38,180 shares changing hands. The stock had previously closed at $5.27.

A number of research analysts have published WETF stock reports. StockNews.com downgraded WisdomTree Investments from a “held” rating to a “sell” rating in a Friday, May 20 report. Deutsche Bank Aktiengesellschaft cut its price target on WisdomTree Investments from $7.00 to $6.00 in a Thursday, April 7 report. Finally, Morgan Stanley cut its price target on WisdomTree Investments from $7.00 to $6.75 in a Friday, April 8 research note.

The company has a quick ratio of 2.28, a current ratio of 4.28 and a leverage ratio of 1.26. The stock has a market capitalization of $779.49 million, a PE ratio of 38.00 and a beta of 1.58. The company has a 50-day moving average of $5.80 and a 200-day moving average of $9.17.

WisdomTree Investments (NASDAQ:WETF – Get Rating) last released its quarterly results on Friday, April 29. The asset manager reported EPS of $0.09 for the quarter, beating the consensus estimate of $0.08 by $0.01. WisdomTree Investments had a return on equity of 24.16% and a net margin of 7.79%. The company posted revenue of $78.40 million in the quarter, compared to $78.74 million expected by analysts. In the same period of the previous year, the company had earned earnings per share of $0.08. The company’s revenue for the quarter increased 10.0% year over year. As a group, equity analysts predict that WisdomTree Investments, Inc. will post EPS of 0.35 for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 25. Shareholders of record on Wednesday, May 11 received a dividend of $0.03. This represents an annualized dividend of $0.12 and a yield of 2.26%. The ex-dividend date was Tuesday, May 10. The payout ratio of WisdomTree Investments is currently 85.71%.

A number of large investors have recently changed their holdings in the company. BlackRock Inc. increased its holdings in WisdomTree Investments by 0.3% in the first quarter. BlackRock Inc. now owns 18,354,041 shares of the asset manager valued at $107,738,000 after buying an additional 47,770 shares last quarter. Massachusetts Financial Services Co. MA increased its stake in WisdomTree Investments by 1.9% in Q1. Massachusetts Financial Services Co. MA now owns 7,596,822 shares of the asset manager valued at $44,593,000 after buying an additional 143,014 shares last quarter. State Street Corp increased its holdings in WisdomTree Investments by 4.4% in the fourth quarter. State Street Corp now owns 4,546,910 shares of the asset manager valued at $27,827,000 after buying an additional 189,606 shares last quarter. Bank of New York Mellon Corp increased its holdings of WisdomTree Investments shares by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 3,648,258 shares of the asset manager worth $20,685,000 after purchasing an additional 52,585 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings of WisdomTree Investments shares by 9.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,845,546 shares of the asset manager worth $16,703,000 after purchasing an additional 244,292 shares during the period. Institutional investors hold 82.02% of the company’s shares.

WisdomTree Investments Company Profile (NASDAQ: WETF)

WisdomTree Investments, Inc, through its subsidiaries, operates as a sponsor and asset manager of exchange-traded funds (ETFs). It offers ETFs on stocks, currencies, fixed income securities and alternative asset classes. The company also licenses its indices to third parties for proprietary products, and offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.

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