Tudor Investment Corp ET AL Acquires 93,094 Shares of WisdomTree, Inc. $WT

Tudor Investment Corp ET AL grew its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 18.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 591,244 shares of the company’s stock after acquiring an additional 93,094 shares during the quarter. Tudor Investment Corp ET AL’s holdings in WisdomTree were worth $8,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Quarry LP boosted its holdings in shares of WisdomTree by 1,679.0% in the 3rd quarter. Quarry LP now owns 2,206 shares of the company’s stock worth $31,000 after buying an additional 2,082 shares during the last quarter. First Horizon Corp purchased a new stake in WisdomTree during the third quarter worth about $32,000. Neo Ivy Capital Management purchased a new stake in WisdomTree during the third quarter worth about $37,000. Federated Hermes Inc. raised its position in WisdomTree by 105.7% in the third quarter. Federated Hermes Inc. now owns 3,011 shares of the company’s stock worth $42,000 after acquiring an additional 1,547 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in WisdomTree in the third quarter worth about $118,000. 78.64% of the stock is currently owned by institutional investors.

WisdomTree Stock Up 2.3%

WT stock opened at $13.54 on Tuesday. The stock has a 50-day simple moving average of $15.93 and a two-hundred day simple moving average of $13.74. WisdomTree, Inc. has a twelve month low of $7.47 and a twelve month high of $17.68. The firm has a market capitalization of $1.92 billion, a PE ratio of 18.05 and a beta of 1.09. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 1.94.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, January 30th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. The company had revenue of $147.43 million during the quarter, compared to analyst estimates of $142.78 million. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. WisdomTree’s revenue was up 33.2% compared to the same quarter last year. During the same period last year, the business earned $0.17 earnings per share. On average, equities analysts predict that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were paid a $0.03 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $0.12 annualized dividend and a yield of 0.9%. WisdomTree’s dividend payout ratio is currently 16.00%.

Insider Buying and Selling

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $16.84, for a total value of $505,200.00. Following the completion of the transaction, the chief operating officer directly owned 1,140,245 shares of the company’s stock, valued at $19,201,725.80. This trade represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of WisdomTree in a research note on Wednesday, January 21st. Oppenheimer lifted their price target on shares of WisdomTree from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Morgan Stanley set a $16.75 price objective on WisdomTree in a research note on Tuesday, February 10th. The Goldman Sachs Group increased their price objective on WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a report on Monday, February 2nd. Finally, Wall Street Zen downgraded WisdomTree from a “buy” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.65.

WisdomTree Profile

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.