WisdomTree (NYSE:WT) Reaches New 52-Week High at $12.02

WisdomTree, Inc. (NYSE:WT)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $12.02 and last traded at $11.77, with a volume of 183783 shares traded. The stock had previously closed at $11.94.

Wall Street Analyst Weigh In

WT has been the subject of several analyst reports. Morgan Stanley raised their price target on shares of WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. 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. UBS Group upped their target price on shares of WisdomTree from $9.00 to $12.00 and gave the company a “buy” rating in a report on Friday, April 12th. Craig Hallum boosted their price objective on shares of WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Monday. Finally, Northland Securities upped their price objective on WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a research note on Monday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, WisdomTree has an average rating of “Moderate Buy” and a consensus target price of $11.96.

WisdomTree Price Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.18 and a current ratio of 3.01. The firm has a market capitalization of $1.75 billion, a PE ratio of 17.56 and a beta of 1.48. The stock has a fifty day moving average price of $10.16 and a 200-day moving average price of $8.99.

WisdomTree Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, August 7th. WisdomTree’s dividend payout ratio (DPR) is presently 17.65%.

Hedge Funds Weigh In On WisdomTree

Several hedge funds and other institutional investors have recently bought and sold shares of WT. CWM LLC increased 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 valued at $27,000 after purchasing an additional 1,268 shares in the last quarter. Gladius Capital Management LP purchased a new stake in shares of WisdomTree during the 2nd quarter worth about $32,000. Avior Wealth Management LLC acquired a new stake in shares of WisdomTree during the 4th quarter valued at about $40,000. Allspring Global Investments Holdings LLC purchased a new position in shares of WisdomTree in the 4th quarter valued at about $46,000. Finally, Simplex Trading LLC acquired a new position in WisdomTree in the 4th quarter worth about $55,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

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.