61,023 Shares in WisdomTree, Inc. (NYSE:WT) Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC purchased a new stake in shares of WisdomTree, Inc. (NYSE:WT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 61,023 shares of the company’s stock, valued at approximately $423,000.

Several other institutional investors and hedge funds also recently made changes to their positions in WT. Wellington Management Group LLP bought a new stake in shares of WisdomTree during the third quarter valued at about $26,291,000. Vanguard Group Inc. purchased a new position in WisdomTree during the third quarter valued at approximately $103,908,000. Nordea Investment Management AB purchased a new position in WisdomTree during the third quarter valued at approximately $3,096,000. Charles Schwab Investment Management Inc. bought a new stake in WisdomTree during the 3rd quarter worth approximately $7,091,000. Finally, Swiss National Bank purchased a new stake in WisdomTree in the 3rd quarter worth approximately $1,723,000. Institutional investors own 78.64% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jonathan L. Steinberg purchased 303,781 shares of the stock in a transaction on Tuesday, February 13th. The shares were acquired at an average price of $7.20 per share, with a total value of $2,187,223.20. Following the completion of the acquisition, 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 document filed with the SEC, which is available at this hyperlink. Company insiders own 7.80% of the company’s stock.

WisdomTree Price Performance

Shares of WT opened at $9.43 on Tuesday. The firm’s 50-day simple moving average is $8.80 and its two-hundred day simple moving average is $7.49. WisdomTree, Inc. has a fifty-two week low of $6.06 and a fifty-two week high of $9.69. The stock has a market cap of $1.43 billion, a PE ratio of 13.87 and a beta of 1.48. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.18 and a current ratio of 2.95.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, April 26th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $96.84 million for the quarter, compared to analysts’ expectations of $94.32 million. WisdomTree had a net margin of 29.80% and a return on equity of 16.31%. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 EPS. Analysts anticipate that WisdomTree, Inc. will post 0.56 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.27%. The ex-dividend date is Tuesday, May 7th. WisdomTree’s dividend payout ratio is presently 17.65%.

Analyst Upgrades and Downgrades

WT has been the topic of several research analyst reports. UBS Group upped their price target on shares of WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Morgan Stanley upped their price objective on shares of WisdomTree from $7.75 to $9.25 and gave the stock an “equal weight” rating in a research report on Wednesday, April 17th. Oppenheimer reiterated an “outperform” rating and set a $11.00 target price on shares of WisdomTree in a research report on Monday, April 29th. Northland Securities raised shares of WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a report on Wednesday, April 3rd. Finally, Craig Hallum assumed coverage on shares of WisdomTree in a report on Wednesday, March 6th. They set a “buy” rating and a $12.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.88.

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.