Mengis Capital Management Inc. Has $101,000 Stake in WisdomTree Investments, Inc. (WETF)

Mengis Capital Management Inc. continued to hold its position in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the asset manager’s stock at the end of the second quarter. Mengis Capital Management Inc.’s holdings in WisdomTree Investments were worth $101,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund boosted its position in shares of WisdomTree Investments by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 39,845 shares of the asset manager’s stock valued at $362,000 after buying an additional 600 shares in the last quarter. Whittier Trust Co. boosted its position in shares of WisdomTree Investments by 5.3% in the first quarter. Whittier Trust Co. now owns 87,691 shares of the asset manager’s stock valued at $796,000 after buying an additional 4,413 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of WisdomTree Investments by 57.5% in the first quarter. Russell Investments Group Ltd. now owns 518,282 shares of the asset manager’s stock valued at $4,707,000 after buying an additional 189,168 shares in the last quarter. Stonebridge Capital Management Inc. boosted its position in shares of WisdomTree Investments by 42.8% in the first quarter. Stonebridge Capital Management Inc. now owns 24,665 shares of the asset manager’s stock valued at $224,000 after buying an additional 7,390 shares in the last quarter. Finally, Granite Investment Partners LLC boosted its position in shares of WisdomTree Investments by 86.8% in the first quarter. Granite Investment Partners LLC now owns 972,461 shares of the asset manager’s stock valued at $8,830,000 after buying an additional 451,992 shares in the last quarter. 95.28% of the stock is currently owned by institutional investors.

WisdomTree Investments, Inc. (NASDAQ:WETF) traded up 0.34% during midday trading on Friday, hitting $8.91. 1,204,379 shares of the company traded hands. The stock has a 50 day moving average of $10.10 and a 200 day moving average of $9.39. WisdomTree Investments, Inc. has a 12-month low of $7.87 and a 12-month high of $13.32. The stock has a market cap of $1.20 billion, a P/E ratio of 40.50 and a beta of 3.09.

WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings results on Friday, July 28th. The asset manager reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $63.40 million for the quarter, compared to analyst estimates of $57.27 million. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company earned $0.07 earnings per share. Equities research analysts predict that WisdomTree Investments, Inc. will post $0.24 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Monday, August 7th. WisdomTree Investments’s dividend payout ratio (DPR) is 145.46%.

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Several equities analysts have issued reports on the stock. ValuEngine cut shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Zacks Investment Research cut shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. BidaskClub lowered shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Gabelli restated a “buy” rating on shares of WisdomTree Investments in a research report on Monday, July 31st. Finally, UBS AG restated a “sell” rating and set a $8.00 target price (up from $7.50) on shares of WisdomTree Investments in a research report on Monday, July 31st. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $10.11.

In related news, Director Bruce I. Lavine sold 10,289 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $10.10, for a total transaction of $103,918.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 16.10% of the stock is currently owned by company insiders.

About WisdomTree Investments

WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. It operates as an exchange traded products sponsor and asset manager providing investment advisory services in the United States, Europe, Canada and Japan.

Institutional Ownership by Quarter for WisdomTree Investments (NASDAQ:WETF)

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