Mercer Global Advisors Inc. ADV Invests $140,000 in WisdomTree, Inc. (NYSE:WT)

Mercer Global Advisors Inc. ADV purchased a new position in shares of WisdomTree, Inc. (NYSE:WT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,137 shares of the company’s stock, valued at approximately $140,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in WisdomTree during the 2nd quarter worth $27,000. CWM LLC increased its position in shares of WisdomTree by 85.8% during the second quarter. CWM LLC now owns 2,746 shares of the company’s stock worth $27,000 after purchasing an additional 1,268 shares in the last quarter. Gladius Capital Management LP purchased a new stake in shares of WisdomTree in the 2nd quarter valued at about $32,000. Bayesian Capital Management LP acquired a new stake in shares of WisdomTree in the 1st quarter valued at about $105,000. Finally, Foundry Partners LLC purchased a new position in WisdomTree during the 2nd quarter worth approximately $118,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Analyst Ratings Changes

WT has been the topic of several research reports. Oppenheimer raised their price objective on shares of WisdomTree from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $12.00 price target (up previously from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Craig Hallum increased their price objective on WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Northland Securities boosted their target price on WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, Northcoast Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 15th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $11.96.

WisdomTree Stock Performance

Shares of WT stock opened at $9.98 on Wednesday. The company’s fifty day simple moving average is $10.11 and its 200-day simple moving average is $9.74. The company has a current ratio of 3.01, a quick ratio of 2.18 and a debt-to-equity ratio of 0.62. WisdomTree, Inc. has a 52 week low of $6.06 and a 52 week high of $12.02. The company has a market cap of $1.52 billion, a PE ratio of 14.68 and a beta of 1.43.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, July 26th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $107.03 million for the quarter, compared to the consensus estimate of $103.75 million. WisdomTree had a net margin of 19.72% and a return on equity of 19.22%. As a group, equities research analysts anticipate that WisdomTree, Inc. will post 0.62 EPS for the current year.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were given a $0.03 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.12 annualized dividend and a yield of 1.20%. WisdomTree’s dividend payout ratio (DPR) is 17.65%.

WisdomTree Profile

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.