SRN Advisors LLC Cuts Stock Position in WisdomTree, Inc. (NYSE:WT)

SRN Advisors LLC decreased its position in shares of WisdomTree, Inc. (NYSE:WT) by 27.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,505 shares of the company’s stock after selling 32,010 shares during the period. SRN Advisors LLC owned 0.06% of WisdomTree worth $847,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of WT. Victory Capital Management Inc. increased its position 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 buying an additional 923,994 shares in the last quarter. Kornitzer Capital Management Inc. KS acquired a new position in shares of WisdomTree in the 2nd quarter valued at about $5,748,000. Acadian Asset Management LLC purchased a new stake in shares of WisdomTree in the second quarter worth about $4,258,000. ClariVest Asset Management LLC acquired a new stake in WisdomTree during the first quarter worth about $3,840,000. Finally, Marshall Wace LLP lifted its holdings in WisdomTree by 82.3% in the second quarter. Marshall Wace LLP now owns 772,543 shares of the company’s stock valued at $7,656,000 after acquiring an additional 348,850 shares during the period. 78.64% of the stock is currently owned by institutional investors and hedge funds.

WisdomTree Price Performance

Shares of WT opened at $9.98 on Wednesday. The firm has a 50-day simple moving average of $10.11 and a two-hundred day simple moving average of $9.74. The stock has a market cap of $1.52 billion, a PE ratio of 14.68 and a beta of 1.43. 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.

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

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Wednesday, August 7th. WisdomTree’s payout ratio is presently 17.65%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Oppenheimer lifted their target price on shares of WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Northland Securities lifted their price objective on shares of WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a report on Monday, July 29th. Northcoast Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 15th. Craig Hallum lifted their target price on shares of WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $12.00 price target (up previously from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.