State of Wyoming Acquires New Position in WisdomTree, Inc. $WT

State of Wyoming bought a new position in shares of WisdomTree, Inc. (NYSE:WT) during the second quarter, HoldingsChannel.com reports. The firm bought 30,757 shares of the company’s stock, valued at approximately $521,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Team Financial Group LLC acquired a new position in WisdomTree in the 1st quarter valued at $29,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of WisdomTree by 163.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock worth $30,000 after purchasing an additional 1,521 shares during the period. Quarry LP boosted its holdings in shares of WisdomTree by 1,679.0% during the third quarter. Quarry LP now owns 2,206 shares of the company’s stock worth $31,000 after purchasing an additional 2,082 shares during the last quarter. Quattro Advisors LLC purchased a new stake in shares of WisdomTree in the fourth quarter valued at $31,000. Finally, Hantz Financial Services Inc. grew its position in shares of WisdomTree by 84.1% in the fourth quarter. Hantz Financial Services Inc. now owns 2,929 shares of the company’s stock valued at $36,000 after purchasing an additional 1,338 shares during the period. 78.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WT shares. Morgan Stanley set a $21.00 target price on WisdomTree in a research report on Wednesday, July 29th. Northland Securities set a $22.00 price target on WisdomTree in a report on Tuesday, June 2nd. The Goldman Sachs Group upped their price objective on shares of WisdomTree from $16.40 to $18.30 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Oppenheimer increased their price objective on shares of WisdomTree from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Finally, Zacks Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, WisdomTree currently has a consensus rating of “Hold” and a consensus target price of $20.66.

Insider Buying and Selling at WisdomTree

In related news, COO R Jarrett Lilien sold 30,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $18.99, for a total transaction of $569,700.00. Following the completion of the sale, the chief operating officer directly owned 1,110,245 shares of the company’s stock, valued at approximately $21,083,552.55. This represents a 2.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.10% of the company’s stock.

WisdomTree Stock Up 1.4%

WT opened at $23.12 on Tuesday. The firm has a 50 day moving average price of $19.40 and a 200 day moving average price of $17.72. The company has a market cap of $3.50 billion, a PE ratio of 44.46 and a beta of 1.17. WisdomTree, Inc. has a 1 year low of $10.69 and a 1 year high of $23.29. The company has a debt-to-equity ratio of 2.53, a quick ratio of 2.73 and a current ratio of 3.00.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. WisdomTree had a net margin of 13.27% and a return on equity of 39.12%. The firm had revenue of $177.16 million for the quarter, compared to analysts’ expectations of $170.62 million. During the same period in the previous year, the company posted $0.18 earnings per share. WisdomTree’s revenue was up 57.3% compared to the same quarter last year. Sell-side analysts expect that WisdomTree, Inc. will post 1.17 earnings per share for the current year.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be issued a dividend of $0.03 per share. The ex-dividend date is Wednesday, August 12th. This represents a $0.12 annualized dividend and a dividend yield of 0.5%. WisdomTree’s payout ratio is presently 23.08%.

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.