WisdomTree Investments (WETF) was Downgraded by Northland Capital to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Northland Capital advised their investors in a research report released on Jun 1, 2016.
On the company’s financial health, WisdomTree Investments reported $0.09 EPS for the quarter, based on the information available during the earnings call on Apr 29, 2016. Analyst had a consensus estimate of $0.09. The company had revenue of $60.90 million for the quarter, compared to analysts expectations of $60.69 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.
WisdomTree Investments opened for trading at $11.92 and hit $12.36 on the upside on Friday, eventually ending the session at $12.35, with a gain of 3.69% or 0.44 points. The heightened volatility saw the trading volume jump to 20,81,170 shares. Company has a market cap of $1,686 M.
In a different news, on Feb 23, 2016, Jonathan L Steinberg (CEO) purchased 200,000 shares at $10.74 per share price. According to the SEC, on Nov 24, 2015, Michael H Steinhardt (director) sold 500,000 shares at $21.30 per share price. On Aug 11, 2015, Gregory E Barton (Chief Operating Officer) sold 33,700 shares at $25.19 per share price, according to the Form-4 filing with the securities and exchange commission.
WisdomTree Investments Inc. is an asset management company that focuses on exchange-traded funds (ETFs). The Companys family of ETFs includes fundamentally weighted funds that track its own indexes funds that track third party indexes and actively managed funds. The Company distributes its ETFs through all major channels within the asset management industry including brokerage firms registered investment advisers institutional investors private wealth managers and discount brokers. Most of its index-based funds employ a fundamental weighted investment methodology which weights securities on the basis of factors such as dividends or earnings whereas most other ETF industry indexes use a capitalization weighted methodology. In addition it also offers actively managed ETFs which are ETFs that are not-based on a particular index but rather are actively managed with complete transparency into the ETFs portfolio on a daily basis.