WisdomTree, Inc. (NYSE:WT) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in WisdomTree, Inc. (NYSE:WT) by 729.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,399 shares of the company’s stock after acquiring an additional 35,526 shares during the period. GAMMA Investing LLC’s holdings in WisdomTree were worth $360,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Navellier & Associates Inc. raised its holdings in shares of WisdomTree by 11.4% during the 4th quarter. Navellier & Associates Inc. now owns 15,226 shares of the company’s stock valued at $160,000 after buying an additional 1,556 shares during the period. Federated Hermes Inc. boosted its holdings in WisdomTree by 60.7% in the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company’s stock worth $49,000 after acquiring an additional 1,777 shares during the period. EntryPoint Capital LLC grew its position in WisdomTree by 6.7% in the fourth quarter. EntryPoint Capital LLC now owns 29,622 shares of the company’s stock valued at $311,000 after acquiring an additional 1,870 shares in the last quarter. Bank of Montreal Can raised its stake in shares of WisdomTree by 11.6% during the fourth quarter. Bank of Montreal Can now owns 18,702 shares of the company’s stock valued at $196,000 after purchasing an additional 1,951 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of WisdomTree by 173.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock valued at $39,000 after purchasing an additional 2,405 shares during the period. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upped their target price on shares of WisdomTree from $8.50 to $9.50 and gave the company a “sell” rating in a research note on Thursday, June 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $12.58.

WisdomTree Price Performance

Shares of NYSE WT opened at $10.34 on Friday. WisdomTree, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $12.45. The business has a 50 day moving average price of $9.36 and a two-hundred day moving average price of $9.50. The company has a quick ratio of 2.79, a current ratio of 3.83 and a debt-to-equity ratio of 1.23. The firm has a market cap of $1.52 billion, a PE ratio of 29.53 and a beta of 1.11.

WisdomTree (NYSE:WT) last released its earnings results on Friday, May 2nd. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. WisdomTree had a return on equity of 25.46% and a net margin of 15.77%. The company had revenue of $108.08 million during the quarter, compared to analysts’ expectations of $108.47 million. During the same period in the prior year, the business posted $0.12 EPS. The business’s revenue was up 11.7% on a year-over-year basis. Sell-side analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.16%. The ex-dividend date was Wednesday, May 14th. WisdomTree’s dividend payout ratio is currently 34.29%.

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.