WisdomTree (NYSE:WT) Hits New 12-Month High at $9.20

WisdomTree, Inc. (NYSE:WT)’s share price hit a new 52-week high on Thursday . The company traded as high as $9.20 and last traded at $9.19, with a volume of 351089 shares changing hands. The stock had previously closed at $8.93.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WT shares. Craig Hallum assumed coverage on shares of WisdomTree in a research note on Wednesday, March 6th. They issued a “buy” rating and a $12.00 price objective on the stock. Oppenheimer lifted their price target on shares of WisdomTree from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Finally, Northcoast Research raised shares of WisdomTree from a “neutral” rating to a “buy” rating and set a $9.00 target price for the company in a report on Thursday, December 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.85.

WisdomTree Price Performance

The business’s 50 day simple moving average is $7.78 and its two-hundred day simple moving average is $7.11. The stock has a market capitalization of $1.40 billion, a P/E ratio of 13.74 and a beta of 1.47. The company has a quick ratio of 1.66, a current ratio of 2.23 and a debt-to-equity ratio of 0.67.

WisdomTree (NYSE:WT) last announced its earnings results on Friday, February 2nd. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $90.84 million during the quarter, compared to the consensus estimate of $90.32 million. WisdomTree had a net margin of 29.38% and a return on equity of 15.15%. The firm’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.04 earnings per share. As a group, sell-side analysts forecast that WisdomTree, Inc. will post 0.5 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a dividend of $0.03 per share. The ex-dividend date was Tuesday, February 13th. This represents a $0.12 dividend on an annualized basis and a yield of 1.31%. WisdomTree’s dividend payout ratio (DPR) is presently 18.46%.

Insider Transactions at WisdomTree

In other WisdomTree news, CEO Jonathan L. Steinberg bought 303,781 shares of WisdomTree stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average price of $7.20 per share, for a total transaction of $2,187,223.20. Following the completion of the purchase, the chief executive officer now directly owns 9,172,838 shares of the company’s stock, valued at $66,044,433.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

Several hedge funds have recently bought and sold shares of WT. Quantbot Technologies LP purchased a new stake in shares of WisdomTree in the 3rd quarter valued at $26,000. Avior Wealth Management LLC bought a new stake in WisdomTree during the 4th quarter valued at $40,000. Allspring Global Investments Holdings LLC bought a new stake in WisdomTree during the 4th quarter valued at $46,000. Simplex Trading LLC bought a new stake in WisdomTree during the 4th quarter valued at $55,000. Finally, KBC Group NV bought a new stake in WisdomTree during the 3rd quarter valued at $62,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Company Profile

WisdomTree, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) 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.