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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt No Debt
WETF's Cash to Debt is ranked higher than
72% of the 1124 Companies
in the Global Asset Management industry.

( Industry Median: 10000.00 vs. WETF: No Debt )
WETF' s 10-Year Cash to Debt Range
Min: No Debt   Max: No Debt
Current: No Debt

Equity to Asset 0.85
WETF's Equity to Asset is ranked higher than
62% of the 1239 Companies
in the Global Asset Management industry.

( Industry Median: 0.83 vs. WETF: 0.85 )
WETF' s 10-Year Equity to Asset Range
Min: -0.38   Max: 0.85
Current: 0.85

-0.38
0.85
Interest Coverage No Debt
WETF's Interest Coverage is ranked higher than
83% of the 1008 Companies
in the Global Asset Management industry.

( Industry Median: 337.31 vs. WETF: No Debt )
WETF' s 10-Year Interest Coverage Range
Min: 9999.99   Max: 9999.99
Current: No Debt

F-Score: 7
Z-Score: 38.12
M-Score: -0.74
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
Operating margin (%) 34.48
WETF's Operating margin (%) is ranked higher than
59% of the 1232 Companies
in the Global Asset Management industry.

( Industry Median: 44.96 vs. WETF: 34.48 )
WETF' s 10-Year Operating margin (%) Range
Min: -51.94   Max: 34.48
Current: 34.48

-51.94
34.48
Net-margin (%) 34.48
WETF's Net-margin (%) is ranked higher than
60% of the 1240 Companies
in the Global Asset Management industry.

( Industry Median: 49.93 vs. WETF: 34.48 )
WETF' s 10-Year Net-margin (%) Range
Min: -89.93   Max: 34.48
Current: 34.48

-89.93
34.48
ROE (%) 47.27
WETF's ROE (%) is ranked higher than
99% of the 1278 Companies
in the Global Asset Management industry.

( Industry Median: 8.20 vs. WETF: 47.27 )
WETF' s 10-Year ROE (%) Range
Min: -157.68   Max: 47.27
Current: 47.27

-157.68
47.27
ROA (%) 36.35
WETF's ROA (%) is ranked higher than
100% of the 1292 Companies
in the Global Asset Management industry.

( Industry Median: 4.26 vs. WETF: 36.35 )
WETF' s 10-Year ROA (%) Range
Min: -173.83   Max: 88.74
Current: 36.35

-173.83
88.74
ROC (Joel Greenblatt) (%) 824.33
WETF's ROC (Joel Greenblatt) (%) is ranked higher than
87% of the 765 Companies
in the Global Asset Management industry.

( Industry Median: 87.54 vs. WETF: 824.33 )
WETF' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -904.68   Max: 2297.92
Current: 824.33

-904.68
2297.92
Revenue Growth (%) 42.50
WETF's Revenue Growth (%) is ranked higher than
94% of the 840 Companies
in the Global Asset Management industry.

( Industry Median: 2.00 vs. WETF: 42.50 )
WETF' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 42.5
Current: 42.5

0
42.5
» WETF's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2013

WETF Guru Trades in Q2 2013

Paul Tudor Jones 10,500 sh (New)
RS Investment Management 2,203,034 sh (+477.2%)
Ken Heebner 1,000,000 sh (unchged)
Jim Simons Sold Out
Pioneer Investments Sold Out
Steven Cohen Sold Out
Chuck Royce 1,328,311 sh (-12.67%)
Murray Stahl 3,067,569 sh (-71.61%)
» More
Q3 2013

WETF Guru Trades in Q3 2013

Jim Simons 108,000 sh (New)
Steven Cohen 20,312 sh (New)
RS Investment Management 3,252,393 sh (+47.63%)
Ken Heebner 1,000,000 sh (unchged)
Paul Tudor Jones Sold Out
Murray Stahl 2,661,679 sh (-13.23%)
Chuck Royce 133,500 sh (-89.95%)
» More
Q4 2013

WETF Guru Trades in Q4 2013

Jim Simons 339,578 sh (+214.42%)
Ken Heebner 1,000,000 sh (unchged)
Steven Cohen Sold Out
Murray Stahl 2,534,776 sh (-4.77%)
Chuck Royce 113,500 sh (-14.98%)
RS Investment Management 1,829,753 sh (-43.74%)
» More
Q1 2014

WETF Guru Trades in Q1 2014

Joel Greenblatt 34,353 sh (New)
Steven Cohen 35,188 sh (New)
RS Investment Management 3,203,738 sh (+75.09%)
Chuck Royce 152,300 sh (+34.19%)
Ken Heebner Sold Out
Jim Simons Sold Out
Murray Stahl 1,823,565 sh (-28.06%)
» More
» Details

Insider Trades

Latest Guru Trades with WETF

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2014-03-31 New Buy0.01%$12.58 - $18.29 $ 10.26-33%34353
John Keeley 2011-12-31 Sold Out 0.0048%$5.68 - $8.2 $ 10.2657%0
John Keeley 2011-09-30 New Buy$7.04 - $9.35 $ 10.2625%30000
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Top Ranked Articles about WisdomTree Investments Inc

Horizon Kinetics - Impact Reductions

Guru Murray Stahl’s investment company Horizon Kinetics poses an interesting question in its second quarter 2013 commentary, asking:

“What if the historical returns of the S&P 500, which forms the basis of projecting future stock market returns, and which therefore powerfully influence the proportion of a pension plan or 401k that will be allocated to stocks or bonds, are not actually representative of what investors are purchasing if they invest in the index today? The nature of the S&P 500 today is different than it was before 2005.”

Horizon Kinetics adheres to a long-term, contrarian, fundamental value investment philosophy. The firm’s recently updated portfolio lists 441 stocks, 26 of them new, with a total value of $6.83 billion and a quarter-over-quarter turnover of 4%. Its top three sectors are weighted as consumer cyclical at 32.6%, real estate at 21.5% and technology at 11%.

These are Stahl’s high-impact reductions, as of June 30, 2013.

Wynn Resorts Ltd. (WYNN): Reduced

Impact to Portfolio: -1.05%

Up 35% over 12 months, Wynn Resorts, a resort and casino company, has a market cap of $14.35 billion; its shares were traded at around $141.93. The P/E ratio is 25.80.

Historical share pricing:



Guru Action: As of June 30, 2013, Murray Stahl reduced his position by 52.67%, selling 577,393 shares at an average price of $133.27, for a gain of 6.5%. Current shares remaining are 518,865.

He has averaged a gain of 14% on 1,641,940 shares bought at an average price of $124.63 per share. On shares sold, he has averaged a gain of 29% on 1,499,375 shares sold at an average price of $109.84 per share.

His trading history:



WisdomTree Investments Inc. (WETF): Reduced

Impact to Portfolio: -0.93%

Up 91% over 12 months, WisdomTree Investments, an asset management company, has a market cap of $1.56 billion; its shares were traded at around $12.18. The P/E ratio is 55.90.

Historical share pricing:



Guru Action: As of June 30, 2013, Murray Stahl reduced his position by 71.61%, selling 7,736,982 shares at an average price of $11.69, for a gain of 4.2%. Current shares remaining are 3,067,569.

He has averaged a gain of 68% on 13,995,715 shares bought at an average price of $7.23 per share. On shares sold, he has averaged a gain of 20% on 10,928,146 shares sold at an average price of $10.19 per share.

WPX Energy Inc. (WPX): Reduced

Impact to Portfolio: -0.86%

Up 30% over 12 months, WPX Energy Inc., an oil and gas E&P company, has a market cap of $3.91 billion; its shares were traded at around $19.51. The P/B ratio is 0.70.

Historical share pricing:



Guru Action: As of June 30, 2013, Murray Stahl reduced his position by 66.33%, selling 3,664,640 shares at an average price of $17.86, for a gain of 9.2%. Current shares remaining are 1,859,918.

He has averaged a gain of 17% on 6,026,898 shares bought at an average price of $16.67 per share. On shares sold, he has averaged a gain of 11% on 4,166,980 shares sold at an average price of $17.63 per share.

Franco-Nevada Corp. (FNV): Reduced

Impact to Portfolio: -0.69%

Down 5% over 12 months, Franco-Nevada Corp. has a market cap of $6.8 billion; its shares were traded at around $46.37. The P/E ratio is 90.90. The company is a gold-focused royalty and stream company with additional interests in platinum group metals, oil and gas, and other resource assets.

Historical share pricing:



Guru Action: As of June 30, 2013, Murray Stahl reduced his position by 57.77%, selling 961,114 shares at an average price of $40.26, for a gain of 15.2%. Current shares remaining are 702,562.

He has averaged a gain of 11% on 6,907,665 shares bought at an average price of $41.59 per share. On shares sold, he has averaged a gain of 12% on 6,205,103 shares sold at an average price of $41.57 per share.

Virtus Investment Partners Inc. (VRTS): Reduced

Impact to Portfolio: -0.31%

Up 116% over 12 months, Virtus Investment Partners Inc. has a market cap of $1.55 billion; its shares were traded at around $190.41. The P/E ratio is 28.90.

Historical share pricing:



Guru Action: As of June 30, 2013, Murray Stahl reduced his position by 53.2%, selling 108,994 shares at an average price of $207.14, for a loss of 8.1%. Current shares remaining are 395,896.

He has averaged a gain of 399% on 339,261 shares bought at an average price of $38.18 per share. On shares sold, he has averaged a gain of 33% on 243,365 shares sold at an average price of $143.65 per share.

Stahl’s trading history shows remarkable gains:



Co-founder of the firm, Murray Stahl is also chairman of the board of Horizon Kinetics and oversees the firm’s research team. Stahl also serves as chairman of the firm’s investment committee, which is responsible for all portfolio management decisions.

Here is the complete portfolio of Murray Stahl.



Be sure to read:

1. Murray Stahl's Undervalued Stocks
2. Murray Stahl's Top Growth Companies
3. Murray Stahl's High Yield stocks
4. Stocks that Murray Stahl keeps buying

If you are not a Premium Member, we invite you for a 7-day Free Trial.

GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

Check out the GuruFocus special feature 52-week low screener to find the stocks hitting new lows but are still held by top investor Gurus and Insiders. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 19.10
WETF's P/E(ttm) is ranked higher than
67% of the 1485 Companies
in the Global Asset Management industry.

( Industry Median: 21.40 vs. WETF: 19.10 )
WETF' s 10-Year P/E(ttm) Range
Min: 17.77   Max: 579.87
Current: 19.1

17.77
579.87
P/B 9.90
WETF's P/B is ranked lower than
59% of the 1485 Companies
in the Global Asset Management industry.

( Industry Median: 1.05 vs. WETF: 9.90 )
WETF' s 10-Year P/B Range
Min: 9.37   Max: 52.82
Current: 9.9

9.37
52.82
P/S 8.78
WETF's P/S is ranked higher than
61% of the 1485 Companies
in the Global Asset Management industry.

( Industry Median: 7.43 vs. WETF: 8.78 )
WETF' s 10-Year P/S Range
Min: 8.17   Max: 32.5
Current: 8.78

8.17
32.5
PFCF 25.50
WETF's PFCF is ranked higher than
78% of the 1485 Companies
in the Global Asset Management industry.

( Industry Median: 731.40 vs. WETF: 25.50 )
WETF' s 10-Year PFCF Range
Min: 23.32   Max: 540
Current: 25.5

23.32
540
EV-to-EBIT 21.67
WETF's EV-to-EBIT is ranked higher than
67% of the 1485 Companies
in the Global Asset Management industry.

( Industry Median: 24.89 vs. WETF: 21.67 )
WETF' s 10-Year EV-to-EBIT Range
Min: 20.3   Max: 716.3
Current: 21.67

20.3
716.3
Shiller P/E 103.30
WETF's Shiller P/E is ranked higher than
71% of the 1485 Companies
in the Global Asset Management industry.

( Industry Median: 9999.00 vs. WETF: 103.30 )
WETF' s 10-Year Shiller P/E Range
Min: 95.6   Max: 156.6
Current: 103.3

95.6
156.6
Current Ratio 6.39
WETF's Current Ratio is ranked higher than
74% of the 861 Companies
in the Global Asset Management industry.

( Industry Median: 3.23 vs. WETF: 6.39 )
WETF' s 10-Year Current Ratio Range
Min: 0.5   Max: 6.39
Current: 6.39

0.5
6.39
Quick Ratio 6.39
WETF's Quick Ratio is ranked higher than
74% of the 861 Companies
in the Global Asset Management industry.

( Industry Median: 3.06 vs. WETF: 6.39 )
WETF' s 10-Year Quick Ratio Range
Min: 0.5   Max: 6.39
Current: 6.39

0.5
6.39

Valuation & Return

vs
industry
vs
history
Price/Net Cash 16.80
WETF's Price/Net Cash is ranked higher than
85% of the 1485 Companies
in the Global Asset Management industry.

( Industry Median: 9999.00 vs. WETF: 16.80 )
WETF' s 10-Year Price/Net Cash Range
Min: 21.51   Max: 158.5
Current: 16.8

21.51
158.5
Price/Net Current Asset Value 14.50
WETF's Price/Net Current Asset Value is ranked higher than
85% of the 1485 Companies
in the Global Asset Management industry.

( Industry Median: 9999.00 vs. WETF: 14.50 )
WETF' s 10-Year Price/Net Current Asset Value Range
Min: 18.48   Max: 90.57
Current: 14.5

18.48
90.57
Price/Tangible Book 10.10
WETF's Price/Tangible Book is ranked lower than
55% of the 1485 Companies
in the Global Asset Management industry.

( Industry Median: 1.14 vs. WETF: 10.10 )
WETF' s 10-Year Price/Tangible Book Range
Min: 0.94   Max: 37.29
Current: 10.1

0.94
37.29
Price/DCF (Projected) 5.50
WETF's Price/DCF (Projected) is ranked higher than
67% of the 1485 Companies
in the Global Asset Management industry.

( Industry Median: 13.43 vs. WETF: 5.50 )
WETF' s 10-Year Price/DCF (Projected) Range
Min: 7.02   Max: 209.25
Current: 5.5

7.02
209.25
Price/Median PS Value 0.60
WETF's Price/Median PS Value is ranked higher than
94% of the 1485 Companies
in the Global Asset Management industry.

( Industry Median: 1.37 vs. WETF: 0.60 )
WETF' s 10-Year Price/Median PS Value Range
Min: 0.01   Max: 1.87
Current: 0.6

0.01
1.87
Price/Graham Number 2.90
WETF's Price/Graham Number is ranked higher than
60% of the 1485 Companies
in the Global Asset Management industry.

( Industry Median: 1.88 vs. WETF: 2.90 )
WETF' s 10-Year Price/Graham Number Range
Min: 0.69   Max: 28.08
Current: 2.9

0.69
28.08
Earnings Yield (Greenblatt) 4.40
WETF's Earnings Yield (Greenblatt) is ranked lower than
51% of the 1101 Companies
in the Global Asset Management industry.

( Industry Median: 8.00 vs. WETF: 4.40 )
WETF' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.1   Max: 4.9
Current: 4.4

0.1
4.9
Forward Rate of Return (Yacktman) -2.21
WETF's Forward Rate of Return (Yacktman) is ranked higher than
50% of the 1048 Companies
in the Global Asset Management industry.

( Industry Median: 0.97 vs. WETF: -2.21 )
WETF' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -4.9   Max: -1.2
Current: -2.21

-4.9
-1.2

Business Description

Industry: Asset Management » Asset Management
Compare:AMP, AMG, BEN, BLK, BK » details
Traded in other countries:1WT.Germany
WisdomTree Investments, Inc., through its subsidiaries, operates as an ETF sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company 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. It develops index using its fundamentally weighted index methodology. In addition, the company provides investment advisory services. As of December 31, 2012, it had 46 ETFs with AUM of $18.3 billion.
» More Articles for WETF

Headlines

Articles On GuruFocus.com
Horizon Kinetics - Impact Reductions Aug 26 2013 
comment on WETF Mar 09 2013 
A Review of the 10 Best Performing Growth Stocks from the Past Decade Dec 29 2012 


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