State of Alaska Department of Revenue Has $793,000 Stock Position in WisdomTree, Inc. $WT

State of Alaska Department of Revenue lifted its stake in WisdomTree, Inc. (NYSE:WT) by 8.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,973 shares of the company’s stock after acquiring an additional 5,568 shares during the period. State of Alaska Department of Revenue’s holdings in WisdomTree were worth $793,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sheaff Brock Investment Advisors LLC grew its stake in shares of WisdomTree by 2.8% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 42,908 shares of the company’s stock worth $383,000 after acquiring an additional 1,155 shares during the last quarter. Byrne Asset Management LLC grew its stake in shares of WisdomTree by 114.0% in the first quarter. Byrne Asset Management LLC now owns 3,852 shares of the company’s stock worth $34,000 after acquiring an additional 2,052 shares during the last quarter. Freedom Investment Management Inc. boosted its stake in WisdomTree by 13.9% during the first quarter. Freedom Investment Management Inc. now owns 18,043 shares of the company’s stock worth $161,000 after buying an additional 2,204 shares in the last quarter. Quarry LP boosted its stake in WisdomTree by 112.4% during the first quarter. Quarry LP now owns 5,944 shares of the company’s stock worth $53,000 after buying an additional 3,145 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in WisdomTree by 5.0% during the first quarter. Oppenheimer & Co. Inc. now owns 70,050 shares of the company’s stock worth $625,000 after buying an additional 3,359 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Stock Up 2.0%

Shares of NYSE WT opened at $13.87 on Tuesday. The business has a fifty day moving average of $13.59 and a two-hundred day moving average of $11.29. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.44. WisdomTree, Inc. has a 52-week low of $7.47 and a 52-week high of $14.95. The stock has a market cap of $2.04 billion, a PE ratio of 35.57 and a beta of 1.13.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.The business had revenue of $112.60 million during the quarter, compared to analysts’ expectations of $110.66 million. During the same period in the previous year, the business posted $0.16 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities research analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

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

Insider Activity

In related news, COO R Jarrett Lilien sold 25,000 shares of WisdomTree stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $13.33, for a total value of $333,250.00. Following the completion of the transaction, the chief operating officer directly owned 1,048,638 shares of the company’s stock, valued at $13,978,344.54. The trade was a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 9.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Oppenheimer lifted their price target on shares of WisdomTree from $12.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Morgan Stanley lifted their price target on shares of WisdomTree from $12.50 to $13.50 and gave the stock an “equal weight” rating in a research note on Monday. The Goldman Sachs Group lifted their price target on shares of WisdomTree from $12.25 to $14.50 and gave the stock a “neutral” rating in a research note on Monday. Northland Securities set a $16.00 price target on shares of WisdomTree in a research note on Wednesday, September 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of WisdomTree in a research note on Saturday, September 27th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.07.

WisdomTree Company 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.