Wisdom Tree Investments Inc (NASDAQ:WETF) Plans $0.03 Dividend

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Wisdom Tree Investments Inc (NASDAQ:WETF) declared a dividend on Tuesday, October 22nd, Fidelity reports. Stockholders of record on Wednesday, November 6th will be paid a dividend of 0.03 per share by the asset manager on Wednesday, November 20th. The ex-dividend date of this dividend is Tuesday, November 5th.

Shares of WETF opened at $5.25 on Friday. The stock has a market cap of $792.56 million, a PE ratio of 16.41, a PEG ratio of 2.24 and a beta of 1.53. Wisdom Tree Investments has a 1 year low of $4.55 and a 1 year high of $8.04. The stock has a 50 day simple moving average of $5.14 and a 200-day simple moving average of $5.94. The company has a current ratio of 1.72, a quick ratio of 1.67 and a debt-to-equity ratio of 0.55.

Wisdom Tree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, October 25th. The asset manager reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. The business had revenue of $67.70 million during the quarter, compared to the consensus estimate of $66.88 million. Wisdom Tree Investments had a return on equity of 10.05% and a net margin of 1.46%. Wisdom Tree Investments’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share. On average, sell-side analysts forecast that Wisdom Tree Investments will post 0.21 EPS for the current fiscal year.

In other news, insider Jeremy Schwartz purchased 10,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were acquired at an average price of $4.73 per share, with a total value of $47,300.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President R Jarrett Lilien purchased 18,940 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were purchased at an average cost of $5.28 per share, for a total transaction of $100,003.20. The disclosure for this purchase can be found here. Corporate insiders own 14.90% of the company’s stock.

A number of analysts recently weighed in on WETF shares. Morgan Stanley decreased their price objective on Wisdom Tree Investments from $7.00 to $6.00 and set an “equal weight” rating for the company in a report on Tuesday, October 8th. ValuEngine raised shares of Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research cut shares of Wisdom Tree Investments from a “hold” rating to a “sell” rating in a research report on Saturday, October 26th. BidaskClub raised shares of Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. Finally, Northland Securities reaffirmed a “hold” rating and set a $6.50 price target on shares of Wisdom Tree Investments in a research report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company has an average rating of “Hold” and an average price target of $7.10.

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.

See Also: Retained Earnings

Dividend History for Wisdom Tree Investments (NASDAQ:WETF)

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