Algert Global LLC Invests $121,000 in WisdomTree, Inc. (NYSE:WT)

Algert Global LLC bought a new stake in WisdomTree, Inc. (NYSE:WT) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,218 shares of the company’s stock, valued at approximately $121,000.

Several other large investors also recently bought and sold shares of WT. Susquehanna Fundamental Investments LLC boosted its position in shares of WisdomTree by 593.4% during the second quarter. Susquehanna Fundamental Investments LLC now owns 88,735 shares of the company’s stock valued at $879,000 after buying an additional 75,938 shares during the period. AQR Capital Management LLC boosted its holdings in WisdomTree by 51.6% during the 2nd quarter. AQR Capital Management LLC now owns 720,132 shares of the company’s stock valued at $7,137,000 after acquiring an additional 245,041 shares during the period. Alpha DNA Investment Management LLC bought a new position in WisdomTree in the 2nd quarter valued at $524,000. Marshall Wace LLP increased its stake in WisdomTree by 82.3% in the second quarter. Marshall Wace LLP now owns 772,543 shares of the company’s stock worth $7,656,000 after purchasing an additional 348,850 shares during the period. Finally, Public Sector Pension Investment Board lifted its position in shares of WisdomTree by 7.2% during the second quarter. Public Sector Pension Investment Board now owns 245,668 shares of the company’s stock worth $2,435,000 after purchasing an additional 16,528 shares during the last quarter. Institutional investors own 78.64% of the company’s stock.

Analyst Ratings Changes

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

WisdomTree Price Performance

NYSE WT opened at $9.91 on Friday. The stock’s fifty day moving average price is $9.86 and its 200 day moving average price is $9.78. WisdomTree, Inc. has a 1 year low of $6.06 and a 1 year high of $12.02. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.01 and a quick ratio of 2.18. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 14.57 and a beta of 1.43.

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

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.12 dividend on an annualized basis and a yield of 1.21%. WisdomTree’s dividend payout ratio is presently 17.65%.

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.