Investors have been better off investing in WisdomTree's own shares and not its ETFs so far this year. Shares of the New York-based ETF specialist are up 38 percent, reports SmartMoney.

The share price move has pushed WisdomTree Investments' (Symbol: WETF) to $965 million. That seems a steep price in relation to its $65.1 million in revenues last year. WisdomTree reported its first profit of $3.1 million in 2011, making its PE 320 or so.

The price is a more sane looking 28 times the $33.9 million analyst expected it to earn during 2013. Those analysts expect earnings of $12.8 million for 2012.

During the first quarter the firm reported net flows of $2.3 billion. That is its highest total to date. During the quarter its AUM rose 30 percent, according to the report.

With a price-to-sales ratio of 15, Mr. Market is obviously bullish on the WisdomTree management team's ability to execute on Michael Steinhardt's strategic vision. Steinhardt still holds more than a quarter of WisdomTree's shares. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE