VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 32,500 WisdomTree, Inc. $WT

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of WisdomTree, Inc. (NYSE:WT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 32,500 shares of the company’s stock, valued at approximately $374,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Nordea Investment Management AB increased its stake in WisdomTree by 1.2% during the 2nd quarter. Nordea Investment Management AB now owns 411,472 shares of the company’s stock valued at $4,720,000 after purchasing an additional 4,839 shares in the last quarter. Capital Management Corp VA increased its stake in WisdomTree by 71.4% during the 2nd quarter. Capital Management Corp VA now owns 326,270 shares of the company’s stock valued at $3,755,000 after purchasing an additional 135,900 shares in the last quarter. CWM LLC increased its stake in WisdomTree by 312.8% during the 2nd quarter. CWM LLC now owns 12,429 shares of the company’s stock valued at $143,000 after purchasing an additional 9,418 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of WisdomTree during the 2nd quarter valued at about $128,000. Finally, Maryland State Retirement & Pension System boosted its holdings in shares of WisdomTree by 2.3% during the 2nd quarter. Maryland State Retirement & Pension System now owns 34,056 shares of the company’s stock valued at $392,000 after acquiring an additional 778 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other WisdomTree news, COO R Jarrett Lilien sold 12,500 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer owned 1,036,138 shares in the company, valued at approximately $13,687,382.98. This trade represents a 1.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.30% of the company’s stock.

Analysts Set New Price Targets

WT has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WisdomTree in a report on Friday. Morgan Stanley raised their price target on shares of WisdomTree from $12.50 to $13.50 and gave the company an “equal weight” rating in a report on Monday, October 6th. Oppenheimer raised their price target on shares of WisdomTree from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Northcoast Research raised shares of WisdomTree from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, July 2nd. Finally, Northland Securities set a $16.00 price target on shares of WisdomTree in a report on Wednesday, September 3rd. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, WisdomTree currently has an average rating of “Moderate Buy” and a consensus price target of $14.08.

WisdomTree Stock Performance

WT opened at $12.18 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 0.82. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 31.23 and a beta of 1.13. The company’s 50 day moving average is $13.55 and its 200 day moving average is $11.70. WisdomTree, Inc. has a 12-month low of $7.47 and a 12-month high of $14.95.

WisdomTree (NYSE:WT) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $112.60 million for the quarter, compared to the consensus estimate of $110.66 million. WisdomTree had a net margin of 16.25% and a return on equity of 25.17%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. On average, equities research analysts predict 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. Shareholders of record on Wednesday, August 13th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, August 13th. This represents a $0.12 dividend on an annualized basis and a yield of 1.0%. WisdomTree’s dividend payout ratio (DPR) is presently 30.77%.

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.