Trillium Asset Management LLC increased its stake in Wisdom Tree Investments Inc (NASDAQ:WETF) by 11.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,831 shares of the asset manager’s stock after purchasing an additional 10,903 shares during the quarter. Trillium Asset Management LLC’s holdings in Wisdom Tree Investments were worth $754,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of WETF. Oregon Public Employees Retirement Fund bought a new position in shares of Wisdom Tree Investments during the 4th quarter worth approximately $294,000. MetLife Investment Advisors LLC increased its holdings in shares of Wisdom Tree Investments by 51.6% in the third quarter. MetLife Investment Advisors LLC now owns 81,408 shares of the asset manager’s stock worth $690,000 after buying an additional 27,720 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Wisdom Tree Investments by 62.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,320 shares of the asset manager’s stock worth $69,000 after buying an additional 3,956 shares during the period. Royce & Associates LP increased its holdings in shares of Wisdom Tree Investments by 77.8% in the fourth quarter. Royce & Associates LP now owns 208,000 shares of the asset manager’s stock worth $1,383,000 after buying an additional 91,000 shares during the period. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Wisdom Tree Investments by 8.4% in the fourth quarter. Great West Life Assurance Co. Can now owns 153,209 shares of the asset manager’s stock worth $939,000 after buying an additional 11,918 shares during the period. 70.89% of the stock is owned by institutional investors and hedge funds.
NASDAQ:WETF traded down $0.01 during mid-day trading on Friday, reaching $6.72. 27,605 shares of the company’s stock traded hands, compared to its average volume of 1,192,327. Wisdom Tree Investments Inc has a 12-month low of $5.73 and a 12-month high of $11.80. The company has a market cap of $1.04 billion, a PE ratio of 20.78, a P/E/G ratio of 2.68 and a beta of 1.64. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.90 and a quick ratio of 1.80.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be issued a dividend of $0.03 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.12 dividend on an annualized basis and a yield of 1.79%. Wisdom Tree Investments’s dividend payout ratio is presently 37.50%.
Several research analysts have recently commented on the company. Zacks Investment Research downgraded Wisdom Tree Investments from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. BidaskClub downgraded Wisdom Tree Investments from a “sell” rating to a “strong sell” rating in a report on Wednesday. ValuEngine downgraded Wisdom Tree Investments from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Finally, Northland Securities reiterated a “hold” rating and issued a $9.00 price objective on shares of Wisdom Tree Investments in a report on Friday, April 12th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Wisdom Tree Investments presently has a consensus rating of “Hold” and an average price target of $7.80.
In other Wisdom Tree Investments news, CEO Jonathan L. Steinberg purchased 75,000 shares of Wisdom Tree Investments stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of $6.57 per share, for a total transaction of $492,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 14.50% of the stock is owned by insiders.
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.
Recommended Story: Index Funds
Want to see what other hedge funds are holding WETF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wisdom Tree Investments Inc (NASDAQ:WETF).
Receive News & Ratings for Wisdom Tree Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wisdom Tree Investments and related companies with MarketBeat.com's FREE daily email newsletter.