Twinbeech Capital LP Buys Shares of 54,479 WisdomTree, Inc. (NYSE:WT)

Twinbeech Capital LP purchased a new stake in shares of WisdomTree, Inc. (NYSE:WT) in the 4th quarter, Holdings Channel reports. The fund purchased 54,479 shares of the company’s stock, valued at approximately $572,000.

Several other institutional investors and hedge funds also recently made changes to their positions in WT. Millennium Management LLC increased its position in shares of WisdomTree by 532.6% during the fourth quarter. Millennium Management LLC now owns 2,031,534 shares of the company’s stock valued at $21,331,000 after acquiring an additional 1,710,409 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of WisdomTree by 139.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,270,963 shares of the company’s stock valued at $13,345,000 after acquiring an additional 741,134 shares in the last quarter. ExodusPoint Capital Management LP increased its position in shares of WisdomTree by 127.2% during the fourth quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company’s stock valued at $12,211,000 after acquiring an additional 651,121 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of WisdomTree by 358.8% during the fourth quarter. BNP Paribas Financial Markets now owns 714,010 shares of the company’s stock valued at $7,497,000 after acquiring an additional 558,392 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in WisdomTree by 157.4% in the fourth quarter. JPMorgan Chase & Co. now owns 880,489 shares of the company’s stock worth $9,245,000 after purchasing an additional 538,385 shares during the last quarter. Institutional investors own 78.64% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group dropped their target price on shares of WisdomTree from $9.75 to $8.50 and set a “sell” rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.42.

WisdomTree Trading Down 0.4%

Shares of WT stock opened at $9.49 on Friday. WisdomTree, Inc. has a 12-month low of $7.47 and a 12-month high of $12.45. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. The firm’s 50 day moving average is $8.81 and its 200 day moving average is $9.73. The stock has a market capitalization of $1.40 billion, a P/E ratio of 30.61 and a beta of 1.07.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $108.08 million for the quarter, compared to analysts’ expectations of $108.47 million. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company posted $0.12 earnings per share. Research analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Wednesday, May 14th. WisdomTree’s dividend payout ratio is presently 34.29%.

WisdomTree Profile

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.