Navellier & Associates Inc. Cuts Stock Holdings in WisdomTree, Inc. $WT

Navellier & Associates Inc. lowered its stake in shares of WisdomTree, Inc. (NYSE:WT) by 71.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 15,252 shares of the company’s stock after selling 38,754 shares during the quarter. Navellier & Associates Inc.’s holdings in WisdomTree were worth $258,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of WT. Team Financial Group LLC bought a new position in WisdomTree during the 1st quarter valued at $29,000. Caitong International Asset Management Co. Ltd grew 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 worth $30,000 after acquiring an additional 1,521 shares in the last quarter. Quarry LP raised its holdings 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 purchasing an additional 2,082 shares during the last quarter. Quattro Advisors LLC purchased a new stake in shares of WisdomTree in the fourth quarter valued at about $31,000. Finally, Hantz Financial Services Inc. lifted its position in shares of WisdomTree by 84.1% during the fourth quarter. Hantz Financial Services Inc. now owns 2,929 shares of the company’s stock valued at $36,000 after purchasing an additional 1,338 shares in the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Northland Securities increased their price objective on shares of WisdomTree from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. The Goldman Sachs Group lifted their target price on shares of WisdomTree from $16.40 to $18.30 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Morgan Stanley set a $21.00 target price on WisdomTree in a research note on Wednesday, July 29th. Finally, Zacks Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.66.

WisdomTree Stock Performance

NYSE:WT opened at $24.53 on Monday. The company has a market capitalization of $3.72 billion, a P/E ratio of 47.17 and a beta of 1.17. The business has a fifty day simple moving average of $20.47 and a two-hundred day simple moving average of $18.20. The company has a debt-to-equity ratio of 2.53, a current ratio of 3.00 and a quick ratio of 2.73. WisdomTree, Inc. has a 1 year low of $10.69 and a 1 year high of $25.89.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. The firm had revenue of $177.16 million for the quarter, compared to analysts’ expectations of $170.62 million. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.The business’s revenue for the quarter was up 57.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 EPS. On average, analysts expect that WisdomTree, Inc. will post 1.19 earnings per share for the current year.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, August 12th. WisdomTree’s payout ratio is currently 23.08%.

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.