Trading Report: The Short Interest in WisdomTree Investments Inc. (WETF) Drops By 10.4%

The Short Interest in WisdomTree Investments Inc. (WETF) Drops By 10.4%

WisdomTree Investments Inc. (NASDAQ:WETF) was the target of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 29,262,644 shares, a decrease of 10.4% from the October 31st total of 32,646,107 shares. Based on an average daily volume of 2,726,792 shares, the short-interest ratio is currently 10.7 days. Currently, 25.7% of the company’s stock are sold short.

In other WisdomTree Investments news, CEO Jonathan L. Steinberg purchased 100,000 shares of WisdomTree Investments stock in a transaction dated Wednesday, September 14th. The shares were acquired at an average cost of $10.23 per share, with a total value of $1,023,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 16.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Rational Advisors LLC purchased a new stake in WisdomTree Investments during the second quarter valued at about $113,000. MSI Financial Services Inc boosted its stake in WisdomTree Investments by 36.4% in the third quarter. MSI Financial Services Inc now owns 10,959 shares of the company’s stock valued at $113,000 after buying an additional 2,925 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in WisdomTree Investments during the third quarter valued at about $113,000. Amalgamated Bank boosted its stake in WisdomTree Investments by 10.4% in the second quarter. Amalgamated Bank now owns 13,840 shares of the company’s stock valued at $144,000 after buying an additional 1,304 shares during the period. Finally, Advantus Capital Management Inc boosted its stake in WisdomTree Investments by 1.8% in the third quarter. Advantus Capital Management Inc now owns 13,963 shares of the company’s stock valued at $144,000 after buying an additional 247 shares during the period. 95.31% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the company. Credit Suisse Group AG set a $14.00 price target on WisdomTree Investments and gave the stock a “buy” rating in a research report on Saturday, September 17th. Zacks Investment Research raised WisdomTree Investments from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. Jefferies Group reaffirmed a “buy” rating on shares of WisdomTree Investments in a research report on Friday, August 5th. Finally, Citigroup Inc. reaffirmed a “sell” rating and set a $6.50 price target on shares of WisdomTree Investments in a research report on Monday, October 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.28.

Shares of WisdomTree Investments (NASDAQ:WETF) opened at 11.02 on Monday. The firm’s 50-day moving average price is $9.52 and its 200 day moving average price is $10.29. WisdomTree Investments has a 12 month low of $8.00 and a 12 month high of $22.33. The firm has a market capitalization of $1.48 billion, a P/E ratio of 34.12 and a beta of 3.10.

WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings data on Friday, October 28th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. The business earned $51.80 million during the quarter, compared to analysts’ expectations of $51.09 million. WisdomTree Investments had a net margin of 18.03% and a return on equity of 20.75%. The company’s revenue for the quarter was down 35.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 EPS. Analysts anticipate that WisdomTree Investments will post $0.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th were given a dividend of $0.08 per share. The ex-dividend date was Monday, November 7th. This represents a $0.32 annualized dividend and a dividend yield of 2.90%. WisdomTree Investments’s dividend payout ratio (DPR) is currently 96.97%.

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