Royce & Associates LP Sells 144,000 Shares of WisdomTree Investments, Inc. (WETF)

Royce & Associates LP lessened its holdings in WisdomTree Investments, Inc. (NASDAQ:WETF) by 37.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 239,200 shares of the asset manager’s stock after selling 144,000 shares during the period. Royce & Associates LP owned 0.17% of WisdomTree Investments worth $2,435,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WETF. Everence Capital Management Inc. bought a new position in shares of WisdomTree Investments during the third quarter valued at about $103,000. Penserra Capital Management LLC bought a new stake in shares of WisdomTree Investments in the second quarter worth about $107,000. Traynor Capital Management Inc. bought a new stake in shares of WisdomTree Investments in the third quarter worth about $111,000. 3D Asset Management Inc. bought a new stake in shares of WisdomTree Investments in the third quarter worth about $112,000. Finally, Shelton Capital Management bought a new stake in shares of WisdomTree Investments in the second quarter worth about $116,000. Institutional investors and hedge funds own 89.41% of the company’s stock.

Several analysts recently issued reports on the company. Jefferies Group reissued a “buy” rating and issued a $15.00 target price on shares of WisdomTree Investments in a research note on Thursday. Zacks Investment Research raised WisdomTree Investments from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Saturday, January 6th. BidaskClub raised WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. UBS Group lifted their price objective on WisdomTree Investments from $8.00 to $8.50 and gave the company a “sell” rating in a research report on Tuesday, November 14th. Finally, Keefe, Bruyette & Woods raised WisdomTree Investments from an “underperform” rating to a “mkt perform” rating in a research report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $11.94.

In related news, Director Frank Salerno sold 50,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $11.71, for a total value of $585,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 16.60% of the company’s stock.

Shares of WisdomTree Investments, Inc. (NASDAQ WETF) traded up $0.04 during mid-day trading on Friday, hitting $13.23. 1,018,206 shares of the stock were exchanged, compared to its average volume of 1,089,144. WisdomTree Investments, Inc. has a 12-month low of $7.87 and a 12-month high of $13.41. The company has a market cap of $1,800.00, a P/E ratio of 60.14, a price-to-earnings-growth ratio of 2.01 and a beta of 3.16.

WisdomTree Investments (NASDAQ:WETF) last issued its earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $57.99 million during the quarter, compared to the consensus estimate of $57.89 million. WisdomTree Investments had a net margin of 12.98% and a return on equity of 15.47%. WisdomTree Investments’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. equities research analysts expect that WisdomTree Investments, Inc. will post 0.25 earnings per share for the current year.

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WisdomTree Investments Profile

WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. It operates as an exchange traded products sponsor and asset manager providing investment advisory services in the United States, Europe, Canada and Japan.

Institutional Ownership by Quarter for WisdomTree Investments (NASDAQ:WETF)

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