179,634 Shares in WisdomTree, Inc. (NYSE:WT) Purchased by Sei Investments Co.

Sei Investments Co. purchased a new position in WisdomTree, Inc. (NYSE:WT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 179,634 shares of the company’s stock, valued at approximately $1,780,000. Sei Investments Co. owned approximately 0.12% of WisdomTree at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WT. Victory Capital Management Inc. increased its stake in WisdomTree by 92.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,922,414 shares of the company’s stock valued at $19,051,000 after purchasing an additional 923,994 shares in the last quarter. Kornitzer Capital Management Inc. KS bought a new stake in shares of WisdomTree in the second quarter worth approximately $5,748,000. Acadian Asset Management LLC bought a new stake in shares of WisdomTree in the second quarter worth approximately $4,258,000. ClariVest Asset Management LLC bought a new stake in shares of WisdomTree in the first quarter worth approximately $3,840,000. Finally, Azora Capital LP grew its stake in shares of WisdomTree by 3.6% in the fourth quarter. Azora Capital LP now owns 7,793,321 shares of the company’s stock worth $54,008,000 after acquiring an additional 268,277 shares during the period. 78.64% of the stock is currently owned by institutional investors.

WisdomTree Stock Performance

WT opened at $9.89 on Friday. The company has a current ratio of 3.01, a quick ratio of 2.18 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 14.54 and a beta of 1.43. The company’s 50 day moving average is $10.04 and its 200 day moving average is $9.75. WisdomTree, Inc. has a 12-month low of $6.06 and a 12-month high of $12.02.

WisdomTree (NYSE:WT) last posted its quarterly earnings data on Friday, July 26th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. WisdomTree had a net margin of 19.72% and a return on equity of 19.22%. The company had revenue of $107.03 million for the quarter, compared to the consensus estimate of $103.75 million. On average, equities research analysts predict that WisdomTree, Inc. will post 0.62 EPS for the current year.

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Wednesday, August 7th. WisdomTree’s dividend payout ratio is currently 17.65%.

Analyst Ratings Changes

A number of brokerages have recently commented on WT. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $12.00 price target (up from $11.00) on shares of WisdomTree in a research note on Monday, July 29th. Northland Securities lifted their price target on shares of WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Craig Hallum lifted their price target on shares of WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Oppenheimer lifted their price target on shares of WisdomTree from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Northcoast Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 15th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.96.

WisdomTree Company 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.