33,093 Shares in WisdomTree, Inc. $WT Acquired by Inceptionr LLC

Inceptionr LLC acquired a new stake in WisdomTree, Inc. (NYSE:WT) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 33,093 shares of the company’s stock, valued at approximately $482,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Team Financial Group LLC purchased a new position in shares of WisdomTree in the first quarter worth about $29,000. Caitong International Asset Management Co. Ltd grew its stake in WisdomTree by 163.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock valued at $30,000 after acquiring an additional 1,521 shares in the last quarter. Quarry LP raised its holdings in WisdomTree by 1,679.0% in the 3rd quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after acquiring an additional 2,082 shares during the last quarter. Quattro Advisors LLC acquired a new stake in WisdomTree in the 4th quarter valued at about $31,000. Finally, Flagship Harbor Advisors LLC purchased a new position in WisdomTree in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Analyst Upgrades and Downgrades

WT has been the topic of several recent research reports. Zacks Research upgraded WisdomTree from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Raymond James Financial began coverage on WisdomTree in a research report on Tuesday, April 21st. They set an “outperform” rating and a $20.00 price objective on the stock. Weiss Ratings lowered WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Wall Street Zen cut WisdomTree from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Northland Securities set a $22.00 target price on WisdomTree in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.06.

WisdomTree Stock Down 0.1%

WT stock opened at $19.42 on Monday. WisdomTree, Inc. has a one year low of $10.69 and a one year high of $21.23. The firm has a market cap of $2.97 billion, a PE ratio of 47.37 and a beta of 1.18. The firm’s 50 day moving average price is $18.66 and its 200-day moving average price is $16.99. The company has a debt-to-equity ratio of 2.37, a quick ratio of 4.18 and a current ratio of 4.57.

WisdomTree (NYSE:WT) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. WisdomTree had a return on equity of 33.31% and a net margin of 11.26%.The company had revenue of $159.50 million during the quarter, compared to analyst estimates of $156.96 million. During the same period in the prior year, the business posted $0.16 earnings per share. The firm’s revenue for the quarter was up 47.5% compared to the same quarter last year. On average, equities research analysts anticipate that WisdomTree, Inc. will post 1.14 EPS for the current year.

Insider Activity

In related news, COO R Jarrett Lilien sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $18.99, for a total value of $569,700.00. Following the sale, the chief operating officer directly owned 1,110,245 shares in the company, valued at approximately $21,083,552.55. The trade was a 2.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David M. Yates sold 15,000 shares of the stock in a transaction dated Tuesday, May 5th. The stock was 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 approximately $2,844,431.94. This trade represents a 8.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 10.10% of the stock is currently owned by insiders.

WisdomTree Company Profile

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.