Bank of America Downgrades WisdomTree Investments to Neutral

Brokerage firm Bank of America Downgrades its rating on WisdomTree Investments(NASDAQ:WETF). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Bank of America was issued on Jun 28, 2016.

In a different note, On Jun 1, 2016, Northland Securities said it Downgrades its rating on WisdomTree Investments. The shares have been rated ‘Market Perform’ by the firm.

WisdomTree Investments (WETF) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.31% at a volume of 30,28,825. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10. The peak price level was also seen at $10 while the days lowest was $9.64. Finally the shares closed at $9.76. The 52-week high of the shares is $26.23 while the 52-week low is $8.7. According to the latest information available, the market cap of the company is $1,332 M.

WisdomTree Investments(WETF) last announced its earnings results on Apr 29, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $60.88M. Analysts had an estimated revenue of $60.76M. Earnings per share were $0.09. Analysts had estimated an EPS of $0.09.

Several Insider Transactions has been reported to the SEC. On Feb 23, 2016, Jonathan L Steinberg (CEO) purchased 200,000 shares at $10.74 per share price.Also, 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 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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