WisdomTree, Inc. (NYSE:WT) Short Interest Update

WisdomTree, Inc. (NYSE:WT) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 27,965,274 shares, a growth of 25.6% from the January 15th total of 22,264,729 shares. Currently, 21.9% of the company’s stock are sold short. Based on an average trading volume of 6,258,138 shares, the short-interest ratio is presently 4.5 days. Based on an average trading volume of 6,258,138 shares, the short-interest ratio is presently 4.5 days. Currently, 21.9% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Oppenheimer upped their target price on shares of WisdomTree from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Northland Securities set a $20.00 price objective on shares of WisdomTree in a research report on Monday, February 2nd. Zacks Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of WisdomTree in a research note on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, WisdomTree has a consensus rating of “Moderate Buy” and a consensus target price of $17.65.

WisdomTree Stock Performance

NYSE WT traded up $0.04 on Monday, hitting $16.37. 1,933,010 shares of the company traded hands, compared to its average volume of 4,898,503. The business’s 50 day moving average price is $14.03 and its 200-day moving average price is $13.23. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 21.82 and a beta of 1.09. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 1.94. WisdomTree has a 52-week low of $7.47 and a 52-week high of $17.09.

WisdomTree (NYSE:WT) last released its earnings results on Friday, January 30th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. The company had revenue of $147.40 million for the quarter, compared to analysts’ expectations of $142.78 million. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The firm’s revenue was up 33.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.17 EPS. Equities analysts expect that WisdomTree will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, February 11th. This represents a $0.12 annualized dividend and a dividend yield of 0.7%. WisdomTree’s dividend payout ratio (DPR) is currently 16.00%.

Insider Activity at WisdomTree

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

Institutional Investors Weigh In On WisdomTree

A number of hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB grew its holdings in WisdomTree by 27.4% during the 3rd quarter. Nordea Investment Management AB now owns 524,014 shares of the company’s stock valued at $7,284,000 after purchasing an additional 112,542 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of WisdomTree by 48.6% during the third quarter. Principal Financial Group Inc. now owns 854,509 shares of the company’s stock valued at $11,878,000 after buying an additional 279,296 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of WisdomTree by 311.4% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 133,700 shares of the company’s stock worth $1,858,000 after buying an additional 101,200 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of WisdomTree by 8.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,425,822 shares of the company’s stock worth $16,411,000 after acquiring an additional 107,076 shares during the last quarter. Finally, AlphaQuest LLC lifted its stake in shares of WisdomTree by 372.8% during the 3rd quarter. AlphaQuest LLC now owns 188,381 shares of the company’s stock worth $2,618,000 after acquiring an additional 148,535 shares during the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree Company Profile

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.