State of Alaska Department of Revenue Sells 3,024 Shares of WisdomTree, Inc. (NYSE:WT)

State of Alaska Department of Revenue decreased its stake in shares of WisdomTree, Inc. (NYSE:WTFree Report) by 4.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,266 shares of the company’s stock after selling 3,024 shares during the period. State of Alaska Department of Revenue’s holdings in WisdomTree were worth $618,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. purchased a new position in WisdomTree during the 3rd quarter valued at about $103,908,000. Azora Capital LP lifted its position in WisdomTree by 3.6% during the 4th quarter. Azora Capital LP now owns 7,793,321 shares of the company’s stock valued at $54,008,000 after acquiring an additional 268,277 shares during the period. Dimensional Fund Advisors LP lifted its position in WisdomTree by 7.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,998,260 shares of the company’s stock valued at $27,710,000 after acquiring an additional 294,060 shares during the period. Wellington Management Group LLP lifted its position in WisdomTree by 3.8% during the 4th quarter. Wellington Management Group LLP now owns 3,897,242 shares of the company’s stock valued at $27,008,000 after acquiring an additional 141,354 shares during the period. Finally, Capital Management Corp VA purchased a new position in WisdomTree during the 4th quarter valued at about $8,342,000. Institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Performance

Shares of WT stock opened at $10.13 on Thursday. The company has a 50 day moving average price of $9.68 and a 200-day moving average price of $8.56. WisdomTree, Inc. has a 52 week low of $6.06 and a 52 week high of $10.27. The firm has a market capitalization of $1.54 billion, a PE ratio of 14.89 and a beta of 1.48. The company has a quick ratio of 2.18, a current ratio of 2.95 and a debt-to-equity ratio of 0.65.

WisdomTree (NYSE:WTGet Free Report) last announced its quarterly earnings results on Friday, April 26th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. WisdomTree had a net margin of 29.80% and a return on equity of 16.31%. The firm had revenue of $96.84 million during the quarter, compared to analyst estimates of $94.32 million. During the same period in the previous year, the business posted $0.07 earnings per share. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. As a group, equities research analysts expect that WisdomTree, Inc. will post 0.56 earnings per share for the current year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were issued a $0.03 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $0.12 dividend on an annualized basis and a yield of 1.19%. WisdomTree’s dividend payout ratio is currently 17.65%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Oppenheimer reissued an “outperform” rating and set a $11.00 price target on shares of WisdomTree in a research report on Monday, April 29th. Morgan Stanley lifted their target price on shares of WisdomTree from $7.75 to $9.25 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. UBS Group lifted their target price on shares of WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, Northland Securities raised shares of WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 target price for the company in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.88.

Read Our Latest Analysis on WT

WisdomTree Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for WisdomTree (NYSE:WT)

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