Maryland State Retirement & Pension System Purchases 778 Shares of WisdomTree, Inc. $WT

Maryland State Retirement & Pension System increased its position in shares of WisdomTree, Inc. (NYSE:WT) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,056 shares of the company’s stock after acquiring an additional 778 shares during the period. Maryland State Retirement & Pension System’s holdings in WisdomTree were worth $392,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of WT. Quarry LP increased its holdings in WisdomTree by 112.4% during the 1st quarter. Quarry LP now owns 5,944 shares of the company’s stock worth $53,000 after acquiring an additional 3,145 shares during the period. Russell Investments Group Ltd. increased its holdings in WisdomTree by 758.2% during the 1st quarter. Russell Investments Group Ltd. now owns 6,986 shares of the company’s stock worth $62,000 after acquiring an additional 6,172 shares during the period. Ieq Capital LLC bought a new stake in WisdomTree during the 1st quarter worth approximately $94,000. Personal CFO Solutions LLC bought a new stake in WisdomTree during the 1st quarter worth approximately $111,000. Finally, Sowell Financial Services LLC bought a new stake in WisdomTree during the 2nd quarter worth approximately $120,000. Institutional investors own 78.64% of the company’s stock.

WisdomTree Trading Up 1.5%

Shares of WT opened at $13.24 on Tuesday. The stock has a market capitalization of $1.95 billion, a P/E ratio of 33.94 and a beta of 1.13. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 0.82. The firm has a fifty day simple moving average of $13.63 and a two-hundred day simple moving average of $11.44. WisdomTree, Inc. has a twelve month low of $7.47 and a twelve month high of $14.95.

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

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.12 annualized dividend and a yield of 0.9%. WisdomTree’s dividend payout ratio is presently 30.77%.

Insiders Place Their Bets

In other WisdomTree news, COO R Jarrett Lilien sold 12,500 shares of the stock in a transaction on Tuesday, August 26th. The shares were 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 $13,687,382.98. This represents a 1.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 9.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on WT. Oppenheimer boosted 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. The Goldman Sachs Group boosted 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, October 6th. Northland Securities set a $16.00 price target on shares of WisdomTree in a research note on Wednesday, September 3rd. Morgan Stanley boosted 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, October 6th. Finally, Northcoast Research raised shares of WisdomTree from a “neutral” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Wednesday, July 2nd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.07.

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.