Renaissance Technologies LLC Purchases 108,502 Shares of Wisdom Tree Investments Inc (NASDAQ:WETF)

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Renaissance Technologies LLC lifted its position in shares of Wisdom Tree Investments Inc (NASDAQ:WETF) by 4.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,452,602 shares of the asset manager’s stock after acquiring an additional 108,502 shares during the quarter. Renaissance Technologies LLC owned approximately 1.58% of Wisdom Tree Investments worth $15,133,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC raised its position in shares of Wisdom Tree Investments by 0.3% during the first quarter. Clearbridge Investments LLC now owns 6,121,028 shares of the asset manager’s stock worth $43,214,000 after acquiring an additional 18,732 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Wisdom Tree Investments by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,599,120 shares of the asset manager’s stock worth $23,934,000 after acquiring an additional 131,218 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Wisdom Tree Investments by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 3,561,986 shares of the asset manager’s stock worth $21,977,000 after acquiring an additional 20,664 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Wisdom Tree Investments by 18.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 915,229 shares of the asset manager’s stock worth $5,647,000 after acquiring an additional 142,842 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Wisdom Tree Investments by 1,351.0% during the second quarter. SG Americas Securities LLC now owns 714,279 shares of the asset manager’s stock worth $4,407,000 after acquiring an additional 665,052 shares during the last quarter. Institutional investors own 72.97% of the company’s stock.

WETF stock traded up $0.05 on Thursday, hitting $5.53. The company had a trading volume of 17,453 shares, compared to its average volume of 1,189,585. The stock’s 50-day simple moving average is $5.31 and its 200 day simple moving average is $6.43. The stock has a market cap of $856.15 million, a price-to-earnings ratio of 17.30, a P/E/G ratio of 2.43 and a beta of 1.58. Wisdom Tree Investments Inc has a 12-month low of $4.56 and a 12-month high of $8.53. The company has a current ratio of 1.93, a quick ratio of 1.78 and a debt-to-equity ratio of 0.59.

Wisdom Tree Investments (NASDAQ:WETF) last announced its quarterly earnings data on Friday, July 26th. The asset manager reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). The firm had revenue of $66.30 million for the quarter, compared to the consensus estimate of $66.98 million. Wisdom Tree Investments had a net margin of 8.00% and a return on equity of 11.09%. The firm’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 earnings per share. Research analysts forecast that Wisdom Tree Investments Inc will post 0.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.12 annualized dividend and a dividend yield of 2.17%. Wisdom Tree Investments’s payout ratio is 37.50%.

WETF has been the subject of a number of recent research reports. Zacks Investment Research upgraded Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research report on Saturday, September 14th. BidaskClub raised shares of Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $7.80.

In other news, insider Jeremy Schwartz acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were purchased at an average cost of $4.73 per share, for a total transaction of $47,300.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 14.90% of the stock is owned by company insiders.

Wisdom Tree Investments 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.

Read More: Understanding the Price to Earnings Ratio (PE)

Institutional Ownership by Quarter for Wisdom Tree Investments (NASDAQ:WETF)

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