Azora Capital LP Sells 1,999,782 Shares of WisdomTree, Inc. $WT

Azora Capital LP decreased its position in shares of WisdomTree, Inc. (NYSE:WT) by 22.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,069,860 shares of the company’s stock after selling 1,999,782 shares during the quarter. WisdomTree comprises about 3.7% of Azora Capital LP’s investment portfolio, making the stock its 7th largest holding. Azora Capital LP owned about 4.81% of WisdomTree worth $81,374,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP grew its position in WisdomTree by 112.4% in the 1st quarter. Quarry LP now owns 5,944 shares of the company’s stock worth $53,000 after purchasing an additional 3,145 shares during the last quarter. Traub Capital Management LLC bought a new position in WisdomTree in the 2nd quarter worth approximately $58,000. Russell Investments Group Ltd. increased its position in WisdomTree by 758.2% in the 1st quarter. Russell Investments Group Ltd. now owns 6,986 shares of the company’s stock valued at $62,000 after acquiring an additional 6,172 shares during the period. Ieq Capital LLC acquired a new stake in WisdomTree in the 1st quarter valued at approximately $94,000. Finally, Sowell Financial Services LLC bought a new stake in WisdomTree during the 2nd quarter valued at $120,000. 78.64% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO R Jarrett Lilien sold 12,500 shares of WisdomTree stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $11.01, for a total transaction of $137,625.00. Following the sale, the chief operating officer owned 998,638 shares of the company’s stock, valued at approximately $10,995,004.38. This trade represents a 1.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David M. Yates sold 6,820 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $11.12, for a total transaction of $75,838.40. Following the completion of the sale, the insider directly owned 152,123 shares in the company, valued at $1,691,607.76. This trade represents a 4.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 44,320 shares of company stock worth $507,713. 9.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WT shares. The Goldman Sachs Group decreased their price target on WisdomTree from $14.75 to $13.25 and set a “neutral” rating for the company in a research note on Tuesday, November 25th. Weiss Ratings upgraded shares of WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Zacks Research raised shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Northland Securities set a $16.00 price target on shares of WisdomTree in a research note on Wednesday, September 3rd. Finally, Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, WisdomTree has an average rating of “Moderate Buy” and a consensus price target of $13.88.

WisdomTree Price Performance

NYSE WT opened at $11.81 on Wednesday. The stock’s 50-day moving average price is $12.04 and its two-hundred day moving average price is $12.31. WisdomTree, Inc. has a 1 year low of $7.47 and a 1 year high of $14.95. The company has a current ratio of 2.82, a quick ratio of 2.41 and a debt-to-equity ratio of 2.16. The company has a market cap of $1.66 billion, a PE ratio of 18.17 and a beta of 1.14.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, October 31st. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. WisdomTree had a net margin of 21.10% and a return on equity of 26.59%. The business had revenue of $125.62 million for the quarter, compared to analysts’ expectations of $122.00 million. During the same period in the previous year, the company posted $0.18 EPS. WisdomTree’s revenue was up 11.0% on a year-over-year basis. On average, analysts predict 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, November 26th. Shareholders of record on Wednesday, November 12th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Wednesday, November 12th. WisdomTree’s dividend payout ratio is 18.46%.

About WisdomTree

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.