WisdomTree Investments Target of Unusually High Options Trading (WETF)

WisdomTree Investments, Inc. (NASDAQ:WETF) saw unusually large options trading on Monday. Stock investors bought 3,992 call options on the stock. This is an increase of approximately 3,738% compared to the average daily volume of 104 call options.

Shares of WisdomTree Investments (WETF) opened at $11.96 on Friday. The stock has a market capitalization of $1,600.00, a P/E ratio of 50.56, a price-to-earnings-growth ratio of 2.74 and a beta of 3.16. WisdomTree Investments has a 52 week low of $7.87 and a 52 week high of $13.32.

WisdomTree Investments (NASDAQ:WETF) last issued its earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. The business had revenue of $57.99 million during the quarter, compared to analyst estimates of $57.89 million. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. WisdomTree Investments’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 earnings per share. analysts predict that WisdomTree Investments will post 0.25 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.68%. The ex-dividend date was Tuesday, November 7th. WisdomTree Investments’s dividend payout ratio is currently 145.45%.

Several research analysts have recently commented on WETF shares. BidaskClub lowered WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Jefferies Group reissued a “buy” rating and set a $14.00 price objective on shares of WisdomTree Investments in a report on Thursday, September 7th. Keefe, Bruyette & Woods reissued a “sell” rating and set a $9.25 price objective on shares of WisdomTree Investments in a report on Thursday, September 21st. Zacks Investment Research lowered WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Finally, Deutsche Bank started coverage on WisdomTree Investments in a report on Tuesday, October 17th. They set a “buy” rating and a $13.00 price objective for the company. Four analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $11.28.

Institutional investors and hedge funds have recently modified their holdings of the business. Everence Capital Management Inc. purchased a new stake in WisdomTree Investments in the third quarter worth approximately $103,000. Penserra Capital Management LLC purchased a new stake in WisdomTree Investments in the second quarter worth approximately $107,000. 3D Asset Management Inc. purchased a new stake in WisdomTree Investments in the third quarter worth approximately $112,000. Traynor Capital Management Inc. bought a new stake in WisdomTree Investments in the third quarter valued at approximately $111,000. Finally, Shelton Capital Management bought a new stake in WisdomTree Investments in the second quarter valued at approximately $116,000. 91.61% of the stock is owned by institutional investors and hedge funds.

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About WisdomTree Investments

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.

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