Clark Estates Incny Lowers stake in WisdomTree Investments (WETF)

WisdomTree Investments (WETF) : Clark Estates Incny reduced its stake in WisdomTree Investments by 25.93% during the most recent quarter end. The investment management company now holds a total of 200,000 shares of WisdomTree Investments which is valued at $1,948,000 after selling 70,000 shares in WisdomTree Investments , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.WisdomTree Investments makes up approximately 0.37% of Clark Estates Incny’s portfolio.

Other Hedge Funds, Including , Aberdeen Asset Management Plcuk boosted its stake in WETF in the latest quarter, The investment management firm added 777,671 additional shares and now holds a total of 1,388,325 shares of WisdomTree Investments which is valued at $13,522,286. WisdomTree Investments makes up approx 0.05% of Aberdeen Asset Management Plcuk’s portfolio. Signaturefd added WETF to its portfolio by purchasing 198 company shares during the most recent quarter which is valued at $1,968.Weaver C. Barksdale Associates boosted its stake in WETF in the latest quarter, The investment management firm added 27 additional shares and now holds a total of 120 shares of WisdomTree Investments which is valued at $1,308.

WisdomTree Investments opened for trading at $9.94 and hit $10.27 on the upside on Thursday, eventually ending the session at $10.08, with a gain of 3.49% or 0.34 points. The heightened volatility saw the trading volume jump to 31,20,525 shares. Company has a market cap of $1,352 M.

On the company’s financial health, WisdomTree Investments reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.06. The company had revenue of $55.98 million for the quarter, compared to analysts expectations of $55.25 million. The company’s revenue was down -31.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on WisdomTree Investments. WisdomTree Investments was Downgraded by BofA/Merrill to ” Neutral” on Jun 28, 2016. WisdomTree Investments was Downgraded by Northland Capital to ” Market Perform” on Jun 1, 2016.

WisdomTree Investments Inc. is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s 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 ETF’s portfolio on a daily basis.

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