WisdomTree, Inc. (NYSE:WT) to Issue $0.03 Quarterly Dividend

WisdomTree, Inc. (NYSE:WT) announced a quarterly dividend on Friday, January 30th. Stockholders of record on Wednesday, February 11th will be paid a dividend of 0.03 per share on Wednesday, February 25th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, February 11th.

WisdomTree has a dividend payout ratio of 16.2% meaning its dividend is sufficiently covered by earnings. Analysts expect WisdomTree to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 15.2%.

WisdomTree Stock Down 1.6%

Shares of NYSE WT traded down $0.27 during mid-day trading on Friday, reaching $16.27. The company had a trading volume of 8,239,176 shares, compared to its average volume of 5,155,389. The firm has a 50 day simple moving average of $12.92 and a two-hundred day simple moving average of $13.00. The stock has a market cap of $2.29 billion, a P/E ratio of 25.03 and a beta of 1.08. WisdomTree has a 52-week low of $7.47 and a 52-week high of $17.09. The company has a current ratio of 2.82, a quick ratio of 2.41 and a debt-to-equity ratio of 2.16.

WisdomTree (NYSE:WT) last announced its earnings results on Friday, January 30th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. WisdomTree had a net margin of 21.10% and a return on equity of 26.59%. The business had revenue of $147.40 million for the quarter, compared to analysts’ expectations of $142.78 million. During the same period in the previous year, the company posted $0.17 EPS. The company’s quarterly revenue was up 33.2% on a year-over-year basis. Sell-side analysts predict that WisdomTree will post 0.72 earnings per share for the current year.

Insider Activity at WisdomTree

In other news, insider David M. Yates sold 6,820 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $11.12, for a total value of $75,838.40. Following the sale, the insider directly owned 152,123 shares of the company’s stock, valued at approximately $1,691,607.76. This represents a 4.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO R Jarrett Lilien sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $11.77, for a total transaction of $294,250.00. Following the completion of the transaction, the chief operating officer owned 1,011,138 shares in the company, valued at approximately $11,901,094.26. The trade was a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 44,320 shares of company stock valued at $507,713. Company insiders own 9.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Torren Management LLC bought a new stake in WisdomTree during the fourth quarter worth $37,000. R Squared Ltd grew its stake in shares of WisdomTree by 92.8% in the 4th quarter. R Squared Ltd now owns 47,796 shares of the company’s stock worth $583,000 after acquiring an additional 23,002 shares in the last quarter. UBS Group AG raised its holdings in shares of WisdomTree by 654.6% in the fourth quarter. UBS Group AG now owns 1,133,254 shares of the company’s stock valued at $13,814,000 after purchasing an additional 983,070 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of WisdomTree by 1.9% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 231,110 shares of the company’s stock valued at $2,817,000 after purchasing an additional 4,363 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in WisdomTree by 16.5% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 33,453 shares of the company’s stock worth $413,000 after purchasing an additional 4,745 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

About WisdomTree

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.