Maverick Capital Ltd. Invests $621,000 in WisdomTree, Inc. $WT

Maverick Capital Ltd. purchased a new stake in shares of WisdomTree, Inc. (NYSE:WT) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 42,620 shares of the company’s stock, valued at approximately $621,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Team Financial Group LLC bought a new position in WisdomTree during the first quarter worth about $29,000. Quarry LP increased its stake in shares of WisdomTree by 1,679.0% in the third quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after buying an additional 2,082 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of WisdomTree by 163.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock worth $30,000 after acquiring an additional 1,521 shares during the last quarter. Quattro Advisors LLC bought a new position in WisdomTree in the 4th quarter valued at $31,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in WisdomTree in the fourth quarter worth about $36,000. 78.64% of the stock is owned by institutional investors.

Insider Transactions at WisdomTree

In other WisdomTree news, insider David M. Yates sold 15,000 shares of WisdomTree stock in a transaction 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 completion of the transaction, the insider directly owned 157,499 shares of the company’s stock, valued at $2,844,431.94. The trade was a 8.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO R Jarrett Lilien sold 30,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $18.99, for a total transaction of $569,700.00. Following the sale, the chief operating officer directly owned 1,110,245 shares of the company’s stock, valued at $21,083,552.55. This represents a 2.63% decrease in their position. The SEC filing for this sale provides additional information. 10.10% of the stock is currently owned by company insiders.

WisdomTree Trading Down 1.6%

WT stock opened at $19.40 on Wednesday. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 47.32 and a beta of 1.18. The company has a debt-to-equity ratio of 2.37, a current ratio of 4.57 and a quick ratio of 4.18. The company has a fifty day moving average price of $18.68 and a two-hundred day moving average price of $17.07. WisdomTree, Inc. has a one year low of $10.69 and a one year high of $21.23.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. WisdomTree had a net margin of 11.26% and a return on equity of 33.31%. The business had revenue of $159.50 million for the quarter, compared to analyst estimates of $156.96 million. During the same quarter in the prior year, the business earned $0.16 EPS. WisdomTree’s quarterly revenue was up 47.5% on a year-over-year basis. Equities analysts anticipate that WisdomTree, Inc. will post 1.14 EPS for the current year.

Wall Street Analysts Forecast Growth

WT has been the topic of a number of analyst reports. Wall Street Zen downgraded WisdomTree from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Oppenheimer raised their price objective on shares of WisdomTree from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Weiss Ratings cut WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Zacks Research raised shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $16.80 price objective on shares of WisdomTree in a research note on Tuesday, May 5th. One 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.06.

WisdomTree 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.