Sapient Capital LLC Invests $115,000 in WisdomTree, Inc. (NYSE:WT)

Sapient Capital LLC bought a new position in shares of WisdomTree, Inc. (NYSE:WT) during the 4th quarter, Holdings Channel.com reports. The fund bought 16,631 shares of the company’s stock, valued at approximately $115,000.

Several other hedge funds also recently made changes to their positions in WT. Vanguard Group Inc. acquired a new stake in shares of WisdomTree during the 3rd quarter worth approximately $103,908,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of WisdomTree during the 3rd quarter worth approximately $34,737,000. Wellington Management Group LLP acquired a new stake in shares of WisdomTree during the 3rd quarter worth approximately $26,291,000. Toroso Investments LLC acquired a new stake in shares of WisdomTree during the 3rd quarter worth approximately $11,022,000. Finally, Northern Trust Corp acquired a new stake in shares of WisdomTree during the 3rd quarter worth approximately $10,407,000. 78.64% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Jonathan L. Steinberg bought 303,781 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average price of $7.20 per share, with a total value 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on WT shares. Northland Securities upgraded shares of WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a research report on Wednesday, April 3rd. Northcoast Research upgraded shares of WisdomTree from a “neutral” rating to a “buy” rating and set a $9.00 target price on the stock in a research report on Thursday, December 28th. Craig Hallum began coverage on shares of WisdomTree in a research report on Wednesday, March 6th. They issued a “buy” rating and a $12.00 target price on the stock. Oppenheimer raised their target price on shares of WisdomTree from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Finally, UBS Group raised their target price on shares of WisdomTree from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, WisdomTree currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.71.

WisdomTree Price Performance

WT stock opened at $8.79 on Wednesday. The company has a fifty day moving average price of $8.38 and a 200-day moving average price of $7.32. The company has a market capitalization of $1.33 billion, a P/E ratio of 13.52 and a beta of 1.49. WisdomTree, Inc. has a 52-week low of $6.05 and a 52-week high of $9.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.66 and a current ratio of 2.23.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, February 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. The firm 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 company’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.04 earnings per share. As a group, equities analysts expect that WisdomTree, Inc. will post 0.51 EPS for the current year.

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, February 13th. WisdomTree’s payout ratio is currently 18.46%.

About WisdomTree

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.