WisdomTree (NYSE:WT) Hits New 1-Year High – Time to Buy?

WisdomTree, Inc. (NYSE:WT)’s share price hit a new 52-week high on Monday . The company traded as high as $19.85 and last traded at $19.5640, with a volume of 166901 shares. The stock had previously closed at $19.41.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WT. Weiss Ratings lowered WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Morgan Stanley set a $18.00 target price on WisdomTree in a research report on Thursday, April 30th. Wall Street Zen lowered WisdomTree from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Raymond James Financial began coverage on WisdomTree in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $20.00 target price on the stock. Finally, Zacks Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.47.

WisdomTree Trading Down 0.9%

The company has a current ratio of 4.57, a quick ratio of 4.18 and a debt-to-equity ratio of 2.37. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 46.98 and a beta of 1.13. The firm has a 50-day moving average of $16.27 and a 200 day moving average of $14.54.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, May 1st. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. WisdomTree had a return on equity of 33.31% and a net margin of 11.26%.The firm had revenue of $159.50 million for the quarter, compared to analysts’ expectations of $156.96 million. During the same period last year, the firm earned $0.16 EPS. The firm’s revenue was up 47.5% compared to the same quarter last year. As a group, equities analysts predict that WisdomTree, Inc. will post 1.13 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, May 13th. This represents a $0.12 annualized dividend and a dividend yield of 0.6%. WisdomTree’s dividend payout ratio (DPR) is 29.27%.

Insider Buying and Selling at WisdomTree

In other news, COO R Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total transaction of $505,200.00. Following the transaction, the chief operating officer directly owned 1,140,245 shares in the company, valued at approximately $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 can be accessed through this link. Also, insider David M. Yates sold 15,000 shares of WisdomTree stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $18.06, for a total value of $270,900.00. Following the transaction, the insider owned 157,499 shares in the company, valued at approximately $2,844,431.94. This trade represents a 8.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 10.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WT. Wellington Management Group LLP grew its holdings in WisdomTree by 236.5% during the third quarter. Wellington Management Group LLP now owns 9,674,630 shares of the company’s stock worth $134,477,000 after acquiring an additional 6,799,654 shares during the period. Capital World Investors acquired a new position in WisdomTree during the fourth quarter worth about $30,835,000. Goldman Sachs Group Inc. grew its holdings in WisdomTree by 116.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,389,653 shares of the company’s stock worth $41,320,000 after acquiring an additional 1,823,777 shares during the period. Capitolis Liquid Global Markets LLC acquired a new position in WisdomTree during the third quarter worth about $24,125,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in WisdomTree by 463.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,697,707 shares of the company’s stock worth $23,598,000 after acquiring an additional 1,396,569 shares during the period. 78.64% of the stock is 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.