WisdomTree, Inc. (NYSE:WT) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in WisdomTree, Inc. (NYSE:WT) by 76.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,054 shares of the company’s stock after purchasing an additional 1,761 shares during the quarter. GAMMA Investing LLC’s holdings in WisdomTree were worth $40,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wellington Management Group LLP grew its holdings in shares of WisdomTree by 3.8% during the fourth quarter. Wellington Management Group LLP now owns 3,897,242 shares of the company’s stock worth $27,008,000 after buying an additional 141,354 shares during the last quarter. Bank of New York Mellon Corp lifted its position in WisdomTree by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,042,815 shares of the company’s stock worth $30,154,000 after acquiring an additional 25,759 shares during the period. Janus Henderson Group PLC increased its holdings in shares of WisdomTree by 7.5% in the first quarter. Janus Henderson Group PLC now owns 2,788,746 shares of the company’s stock valued at $25,629,000 after purchasing an additional 194,369 shares during the period. Victory Capital Management Inc. raised its stake in shares of WisdomTree by 92.5% during the second quarter. Victory Capital Management Inc. now owns 1,922,414 shares of the company’s stock worth $19,051,000 after purchasing an additional 923,994 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of WisdomTree by 82.3% during 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. 78.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on WT shares. Keefe, Bruyette & Woods restated a “market perform” rating and set a $12.00 price objective (up previously from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Oppenheimer boosted 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. Northland Securities raised their price objective on shares of WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a research report on Monday, July 29th. Craig Hallum boosted their target price on WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Northcoast Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.96.

WisdomTree Price Performance

WT stock opened at $10.33 on Friday. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 15.19 and a beta of 1.43. 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 firm has a 50 day moving average of $9.90 and a 200-day moving average of $9.81. WisdomTree, Inc. has a 12-month low of $6.06 and a 12-month high of $12.02.

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

WisdomTree Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.16%. WisdomTree’s dividend payout ratio is currently 17.65%.

About WisdomTree

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.