Globeflex Capital L P Has $1.99 Million Stock Position in WisdomTree, Inc. $WT

Globeflex Capital L P boosted its stake in WisdomTree, Inc. (NYSE:WT) by 33.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,547 shares of the company’s stock after acquiring an additional 34,317 shares during the period. Globeflex Capital L P’s holdings in WisdomTree were worth $1,988,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Team Financial Group LLC bought a new position in WisdomTree during the 1st quarter worth approximately $29,000. Quarry LP lifted its position in shares of WisdomTree by 1,679.0% in the 3rd quarter. Quarry LP now owns 2,206 shares of the company’s stock worth $31,000 after purchasing an additional 2,082 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of WisdomTree by 163.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock valued at $30,000 after purchasing an additional 1,521 shares during the last quarter. Quattro Advisors LLC bought a new stake in shares of WisdomTree in the 4th quarter valued at $31,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of WisdomTree during the fourth quarter worth $36,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

Insider Transactions at WisdomTree

In related news, COO R Jarrett Lilien sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $18.99, for a total transaction of $569,700.00. Following the transaction, the chief operating officer directly owned 1,110,245 shares of the company’s stock, valued at approximately $21,083,552.55. This represents a 2.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David M. Yates sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $18.06, for a total value of $270,900.00. Following the transaction, the insider directly owned 157,499 shares in the company, valued at approximately $2,844,431.94. This trade represents a 8.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 10.10% of the company’s stock.

WisdomTree Price Performance

WisdomTree stock opened at $19.93 on Thursday. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 48.62 and a beta of 1.18. WisdomTree, Inc. has a 52-week low of $10.69 and a 52-week high of $21.23. The company has a debt-to-equity ratio of 2.37, a quick ratio of 4.18 and a current ratio of 4.57. The stock’s 50 day moving average price is $18.66 and its two-hundred day moving average price is $16.89.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, May 1st. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $159.50 million during the quarter, compared to analyst estimates of $156.96 million. WisdomTree had a net margin of 11.26% and a return on equity of 33.31%. WisdomTree’s revenue for the quarter was up 47.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 EPS. On average, equities analysts predict that WisdomTree, Inc. will post 1.14 earnings per share for the current year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, May 13th. WisdomTree’s payout ratio is presently 29.27%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WT. Morgan Stanley lifted their target price on shares of WisdomTree from $18.00 to $20.50 and gave the stock an “equal weight” rating in a research note on Friday, June 26th. Weiss Ratings cut shares of WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Raymond James Financial started coverage on WisdomTree in a report on Tuesday, April 21st. They set an “outperform” rating and a $20.00 price target for the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $16.80 price objective on shares of WisdomTree in a research report on Tuesday, May 5th. Finally, Oppenheimer boosted their price objective on WisdomTree from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, WisdomTree presently has an average rating of “Moderate Buy” and an average target price of $20.06.

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.