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State of Alaska Department of Revenue Has $421,000 Stock Position in WisdomTree Investments, Inc. (NASDAQ:WETF)

State of Alaska Department of Revenue boosted its holdings in shares of WisdomTree Investments, Inc. (NASDAQ:WETFGet Rating) by 9.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,158 shares of the asset manager’s stock after buying an additional 7,450 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of WisdomTree Investments worth $421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of WETF. Public Sector Pension Investment Board raised its position in WisdomTree Investments by 0.8% during the fourth quarter. Public Sector Pension Investment Board now owns 221,702 shares of the asset manager’s stock valued at $1,357,000 after buying an additional 1,800 shares during the period. BlueMar Capital Management LLC grew its stake in WisdomTree Investments by 7.9% in the fourth quarter. BlueMar Capital Management LLC now owns 445,417 shares of the asset manager’s stock valued at $2,726,000 after purchasing an additional 32,526 shares in the last quarter. Toroso Investments LLC grew its stake in WisdomTree Investments by 38.5% in the fourth quarter. Toroso Investments LLC now owns 2,516,957 shares of the asset manager’s stock valued at $15,403,000 after purchasing an additional 699,449 shares in the last quarter. Glassy Mountain Advisors Inc. purchased a new position in WisdomTree Investments in the first quarter valued at about $117,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in WisdomTree Investments in the first quarter valued at about $38,000. 95.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. The Goldman Sachs Group lowered their target price on WisdomTree Investments from $5.00 to $4.50 and set a “sell” rating on the stock in a research note on Wednesday, June 29th. StockNews.com upgraded WisdomTree Investments from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Deutsche Bank Aktiengesellschaft lowered their target price on WisdomTree Investments from $6.00 to $5.00 and set a “hold” rating on the stock in a research note on Wednesday, July 13th. Morgan Stanley decreased their price target on WisdomTree Investments from $6.00 to $5.75 and set an “equal weight” rating for the company in a research note on Monday. Finally, Keefe, Bruyette & Woods downgraded WisdomTree Investments from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $7.25 to $6.00 in a research note on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $5.31.

WisdomTree Investments Stock Performance

WETF opened at $4.78 on Tuesday. The company has a market cap of $700.68 million, a PE ratio of 59.76 and a beta of 1.44. The stock has a 50-day moving average of $5.11 and a 200-day moving average of $5.59. WisdomTree Investments, Inc. has a 52-week low of $4.61 and a 52-week high of $6.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.63 and a current ratio of 1.17.

WisdomTree Investments (NASDAQ:WETFGet Rating) last announced its earnings results on Friday, July 29th. The asset manager reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). WisdomTree Investments had a net margin of 4.72% and a return on equity of 22.05%. The business had revenue of $77.25 million for the quarter, compared to the consensus estimate of $76.68 million. As a group, equities research analysts forecast that WisdomTree Investments, Inc. will post 0.3 earnings per share for the current fiscal year.

WisdomTree Investments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, August 9th. This represents a $0.12 annualized dividend and a yield of 2.51%. WisdomTree Investments’s payout ratio is 150.02%.

About WisdomTree Investments

(Get Rating)

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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