Louisiana State Employees Retirement System Has $574,000 Stock Position in WisdomTree, Inc. (NYSE:WT)

Louisiana State Employees Retirement System raised its holdings in WisdomTree, Inc. (NYSE:WT) by 2.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 57,500 shares of the company’s stock after buying an additional 1,300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in WisdomTree were worth $574,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WT. Headlands Technologies LLC acquired a new stake in shares of WisdomTree during the 2nd quarter worth approximately $27,000. CWM LLC grew its holdings in shares of WisdomTree by 85.8% during the 2nd quarter. CWM LLC now owns 2,746 shares of the company’s stock worth $27,000 after purchasing an additional 1,268 shares in the last quarter. Gladius Capital Management LP acquired a new stake in shares of WisdomTree during the 2nd quarter worth approximately $32,000. GAMMA Investing LLC grew its holdings in shares of WisdomTree by 76.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock worth $40,000 after purchasing an additional 1,761 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in shares of WisdomTree during the 3rd quarter worth approximately $105,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Trading Down 0.4 %

Shares of WT opened at $10.24 on Wednesday. The stock has a fifty day moving average price of $10.01 and a two-hundred day moving average price of $9.92. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.16 and a current ratio of 2.88. WisdomTree, Inc. has a 52-week low of $6.24 and a 52-week high of $12.02. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 35.66 and a beta of 1.43.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a $0.03 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.12 annualized dividend and a yield of 1.17%. WisdomTree’s payout ratio is 41.38%.

Wall Street Analyst Weigh In

WT has been the topic of several recent research reports. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $12.00 price objective (up previously from $11.00) on shares of WisdomTree in a report on Monday, July 29th. Craig Hallum raised 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. Northland Securities raised their target price on WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Northcoast Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. Finally, UBS Group raised their target price on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, WisdomTree presently has a consensus rating of “Moderate Buy” and an average price target of $12.25.

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.