Park Avenue Securities LLC Acquires 6,890 Shares of WisdomTree, Inc. $WT

Park Avenue Securities LLC lifted its position in WisdomTree, Inc. (NYSE:WT) by 20.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,863 shares of the company’s stock after buying an additional 6,890 shares during the quarter. Park Avenue Securities LLC’s holdings in WisdomTree were worth $459,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Millennium Management LLC grew its stake in shares of WisdomTree by 110.0% in the first quarter. Millennium Management LLC now owns 4,266,947 shares of the company’s stock valued at $38,061,000 after buying an additional 2,235,413 shares in the last quarter. Simcoe Capital Management LLC bought a new position in shares of WisdomTree in the first quarter valued at $35,582,000. Massachusetts Financial Services Co. MA grew its stake in shares of WisdomTree by 0.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,698,844 shares of the company’s stock valued at $32,994,000 after buying an additional 13,746 shares in the last quarter. Nuveen LLC bought a new position in shares of WisdomTree in the first quarter valued at $17,003,000. Finally, Cubist Systematic Strategies LLC grew its stake in shares of WisdomTree by 17.9% in the first quarter. Cubist Systematic Strategies LLC now owns 1,164,003 shares of the company’s stock valued at $10,383,000 after buying an additional 176,816 shares in the last quarter. 78.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Northland Securities set a $16.00 target price on shares of WisdomTree in a research note on Wednesday, September 3rd. Craig Hallum reissued a “buy” rating on shares of WisdomTree in a research note on Monday, August 4th. Morgan Stanley raised their price target on WisdomTree from $11.50 to $12.50 and gave the company an “equal weight” rating in a report on Monday, August 18th. The Goldman Sachs Group raised shares of WisdomTree from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $9.50 to $11.90 in a research report on Friday, June 27th. Finally, Northcoast Research raised shares of WisdomTree from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, July 2nd. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.56.

Insider Buying and Selling at WisdomTree

In other news, COO R Jarrett Lilien sold 12,500 shares of WisdomTree stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $13.21, for a total transaction of $165,125.00. Following the completion of the sale, the chief operating officer owned 1,036,138 shares of the company’s stock, valued at approximately $13,687,382.98. This trade represents a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.30% of the company’s stock.

WisdomTree Trading Down 0.2%

WT stock opened at $13.88 on Tuesday. WisdomTree, Inc. has a one year low of $7.47 and a one year high of $14.95. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.44 and a quick ratio of 1.04. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 35.58 and a beta of 1.19. The company has a fifty day moving average price of $13.58 and a two-hundred day moving average price of $11.12.

WisdomTree (NYSE:WT) last posted its earnings results on Thursday, July 31st. The company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.The company had revenue of $112.60 million during the quarter, compared to the consensus estimate of $110.66 million. During the same quarter last year, the firm earned $0.16 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. Equities analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.9%. WisdomTree’s dividend payout ratio (DPR) is currently 30.77%.

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.