Is Buying Wisdomtree Investments Inc (NASDAQ:WETF) Here Good Idea?

June 17, 2018 - By Vivian Currie

WisdomTree Investments, Inc. (NASDAQ:WETF) Logo

Investors sentiment decreased to 1.18 in Q1 2018. Its down 0.01, from 1.19 in 2017Q4. It dropped, as 25 investors sold WisdomTree Investments, Inc. shares while 55 reduced holdings. 34 funds opened positions while 60 raised stakes. 105.18 million shares or 7.88% less from 114.18 million shares in 2017Q4 were reported.
State Of Alaska Department Of Revenue invested 0.01% in WisdomTree Investments, Inc. (NASDAQ:WETF). Balyasny Asset Ltd Co reported 68,845 shares stake. 3D Asset holds 11,146 shares or 0.02% of its portfolio. Fred Alger Mngmt Incorporated has 5.80M shares for 0.25% of their portfolio. Whittier Tru has invested 0.03% in WisdomTree Investments, Inc. (NASDAQ:WETF). Granite Inv Prns Ltd Limited Liability Company has invested 0.89% of its portfolio in WisdomTree Investments, Inc. (NASDAQ:WETF). Bain Cap Public Equity Management Ltd Llc reported 0.63% stake. Trexquant Lp invested 0.02% in WisdomTree Investments, Inc. (NASDAQ:WETF). Alliancebernstein Ltd Partnership stated it has 0% of its portfolio in WisdomTree Investments, Inc. (NASDAQ:WETF). Credit Suisse Ag has 139,998 shares for 0% of their portfolio. Wells Fargo And Company Mn invested in 689,528 shares or 0% of the stock. Koshinski Asset Mngmt Inc invested 0.16% of its portfolio in WisdomTree Investments, Inc. (NASDAQ:WETF). Northern Trust Corporation accumulated 1.59M shares. Teacher Retirement Of Texas owns 25,782 shares for 0% of their portfolio. Amundi Pioneer Asset Management holds 182,754 shares.

Since February 5, 2018, it had 1 insider purchase, and 7 insider sales for $10.77 million activity. $262,888 worth of WisdomTree Investments, Inc. (NASDAQ:WETF) was sold by Abner David J.. $828,814 worth of stock was sold by Steinberg Jonathan L on Friday, February 16. $204,647 worth of stock was bought by MacAlpine Kurt on Monday, February 5.

The stock of Wisdomtree Investments Inc (NASDAQ:WETF) registered a decrease of 19.23% in short interest. WETF’s total short interest was 9.00 million shares in June as published by FINRA. Its down 19.23% from 11.15M shares, reported previously. With 1.66 million shares average volume, it will take short sellers 5 days to cover their WETF’s short positions. The short interest to Wisdomtree Investments Inc’s float is 8.62%.

The stock increased 0.09% or $0.01 during the last trading session, reaching $10.82. About 699,735 shares traded. WisdomTree Investments, Inc. (NASDAQ:WETF) has risen 17.54% since June 17, 2017 and is uptrending. It has outperformed by 4.97% the S&P500.

WisdomTree Investments, Inc., through its subsidiaries, operates as an exchange-traded funds sponsor and asset manager. The company has market cap of $1.64 billion. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. It has a 49.18 P/E ratio. The firm 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.

WisdomTree Investments, Inc. (NASDAQ:WETF) Ratings Coverage

Among 9 analysts covering WisdomTree Investments (NASDAQ:WETF), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. WisdomTree Investments had 18 analyst reports since December 21, 2017 according to SRatingsIntel. On Tuesday, April 10 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The firm has “Buy” rating by Jefferies given on Wednesday, January 10. Credit Suisse maintained WisdomTree Investments, Inc. (NASDAQ:WETF) rating on Monday, April 30. Credit Suisse has “Outperform” rating and $14 target. The firm has “Buy” rating given on Monday, April 30 by Keefe Bruyette & Woods. The firm earned “Hold” rating on Thursday, December 21 by Keefe Bruyette & Woods. Credit Suisse maintained it with “Outperform” rating and $13 target in Wednesday, April 18 report. The firm has “Outperform” rating by Wood given on Monday, April 30. The company was maintained on Tuesday, March 27 by Northland Capital. Bank of America maintained the stock with “Underperform” rating in Monday, February 5 report. The rating was maintained by Deutsche Bank with “Buy” on Friday, April 6.

More recent WisdomTree Investments, Inc. (NASDAQ:WETF) news were published by: Globenewswire.com which released: “Market Trends Toward New Normal in WisdomTree Investments, ePlus inc, Mettler-Toledo International, Lakeland, EP …” on May 30, 2018. Also Globenewswire.com published the news titled: “WisdomTree ETFs Declare Distributions” on May 22, 2018. Nasdaq.com‘s news article titled: “WisdomTree Adds Chris Gardner, Author of “The Pursuit of Happyness,” as Senior Advisor to the Firm” with publication date: June 12, 2018 was also an interesting one.

WisdomTree Investments, Inc. (NASDAQ:WETF) Institutional Positions Chart

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