WisdomTree, Inc. $WT Stock Position Lifted by Azora Capital LP

Azora Capital LP raised its stake in shares of WisdomTree, Inc. (NYSE:WT) by 9.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,150,111 shares of the company’s stock after purchasing an additional 521,179 shares during the quarter. WisdomTree makes up about 4.7% of Azora Capital LP’s holdings, making the stock its 8th biggest holding. Azora Capital LP’s holdings in WisdomTree were worth $74,970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wellington Management Group LLP increased its position in WisdomTree by 236.5% during the 3rd quarter. Wellington Management Group LLP now owns 9,674,630 shares of the company’s stock valued at $134,477,000 after purchasing an additional 6,799,654 shares during the period. Simcoe Capital Management LLC increased its position in WisdomTree by 11.3% during the 4th quarter. Simcoe Capital Management LLC now owns 5,253,340 shares of the company’s stock valued at $64,038,000 after purchasing an additional 535,015 shares during the period. Dimensional Fund Advisors LP increased its position in WisdomTree by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,642,042 shares of the company’s stock valued at $44,399,000 after purchasing an additional 61,699 shares during the period. Goldman Sachs Group Inc. increased its position in WisdomTree by 116.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,389,653 shares of the company’s stock valued at $41,320,000 after purchasing an additional 1,823,777 shares during the period. Finally, Geode Capital Management LLC increased its position in WisdomTree by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 2,796,512 shares of the company’s stock valued at $34,093,000 after purchasing an additional 26,776 shares during the period. 78.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WT. Morgan Stanley set a $18.00 price objective on shares of WisdomTree in a research report on Thursday, April 30th. Zacks Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Raymond James Financial initiated coverage on shares of WisdomTree in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $20.00 target price on the stock. Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a research report on Tuesday, May 19th. Finally, Oppenheimer upped their target price on shares of WisdomTree from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, WisdomTree has an average rating of “Moderate Buy” and an average target price of $18.80.

Insider Activity at WisdomTree

In other news, COO R Jarrett Lilien sold 30,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $18.99, for a total value of $569,700.00. Following the transaction, the chief operating officer owned 1,110,245 shares in the company, valued at $21,083,552.55. This represents a 2.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David M. Yates sold 15,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $18.06, for a total transaction of $270,900.00. Following the completion of the transaction, the insider owned 157,499 shares in the company, valued at $2,844,431.94. This trade represents a 8.70% decrease in their position. The disclosure for this sale is available in the SEC filing. 10.10% of the stock is owned by corporate insiders.

WisdomTree Stock Performance

Shares of WT stock opened at $18.16 on Thursday. WisdomTree, Inc. has a one year low of $10.10 and a one year high of $19.85. The company’s 50-day moving average is $17.96 and its 200 day moving average is $15.69. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 44.29 and a beta of 1.15. The company has a debt-to-equity ratio of 2.37, a quick ratio of 4.18 and a current ratio of 4.57.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $159.50 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 EPS. Sell-side analysts expect that WisdomTree, Inc. will post 1.14 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 13th. WisdomTree’s dividend payout ratio is 29.27%.

About WisdomTree

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.