SummitTX Capital L.P. Has $1.39 Million Stock Holdings in WisdomTree, Inc. $WT

SummitTX Capital L.P. reduced its position in shares of WisdomTree, Inc. (NYSE:WT) by 68.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 95,672 shares of the company’s stock after selling 204,294 shares during the quarter. SummitTX Capital L.P.’s holdings in WisdomTree were worth $1,393,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in WisdomTree by 236.5% in the third quarter. Wellington Management Group LLP now owns 9,674,630 shares of the company’s stock valued at $134,477,000 after acquiring an additional 6,799,654 shares during the period. Capital World Investors acquired a new position in shares of WisdomTree during the fourth quarter worth approximately $30,835,000. Goldman Sachs Group Inc. raised its position in shares of WisdomTree by 116.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,389,653 shares of the company’s stock worth $41,320,000 after purchasing an additional 1,823,777 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of WisdomTree by 463.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,697,707 shares of the company’s stock worth $23,598,000 after purchasing an additional 1,396,569 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in shares of WisdomTree in the 2nd quarter worth $15,649,000. Institutional investors own 78.64% of the company’s stock.

WisdomTree Trading Down 6.0%

Shares of WisdomTree stock opened at $18.25 on Thursday. The stock has a fifty day simple moving average of $18.66 and a 200 day simple moving average of $17.11. WisdomTree, Inc. has a 12-month low of $10.69 and a 12-month high of $21.23. The company has a market capitalization of $2.79 billion, a P/E ratio of 44.51 and a beta of 1.18. The company has a current ratio of 4.57, a quick ratio of 4.18 and a debt-to-equity ratio of 2.37.

WisdomTree (NYSE:WT) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $159.50 million for the quarter, compared to analysts’ expectations of $156.96 million. WisdomTree had a return on equity of 33.31% and a net margin of 11.26%.The business’s revenue was up 47.5% on a year-over-year basis. During the same period last year, the business earned $0.16 EPS. On average, sell-side analysts anticipate that WisdomTree, Inc. will post 1.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on WT shares. Zacks Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Monday. Weiss Ratings lowered shares of WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Wall Street Zen cut shares of WisdomTree from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Raymond James Financial initiated coverage on shares of WisdomTree in a research report on Tuesday, April 21st. They set an “outperform” rating and a $20.00 target price for the company. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $16.80 target price on shares of WisdomTree in a report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.16.

Insider Activity

In related news, insider David M. Yates sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $18.06, for a total transaction of $270,900.00. Following the transaction, the insider directly owned 157,499 shares of the company’s stock, valued at $2,844,431.94. This trade represents a 8.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO R Jarrett Lilien sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $18.99, for a total transaction of $569,700.00. Following the transaction, the chief operating officer owned 1,110,245 shares in the company, valued at approximately $21,083,552.55. This trade represents a 2.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 10.10% of the company’s stock.

About WisdomTree

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.