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

WisdomTree, Inc. (NYSE:WT) announced a quarterly dividend on Friday, July 31st. Investors of record on Wednesday, August 12th will be given a dividend of 0.03 per share on Wednesday, August 26th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, August 12th.

WisdomTree has a payout ratio of 16.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect WisdomTree to earn $1.27 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 9.4%.

WisdomTree Stock Performance

Shares of WT opened at $19.31 on Friday. 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 firm has a market cap of $2.95 billion, a PE ratio of 47.11 and a beta of 1.18. WisdomTree has a 12 month low of $10.69 and a 12 month high of $21.23. The stock has a fifty day moving average price of $18.66 and a 200-day moving average price of $17.16.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.05. WisdomTree had a return on equity of 33.31% and a net margin of 11.26%.The business had revenue of $177.20 million during the quarter, compared to the consensus estimate of $170.62 million. During the same quarter last year, the company earned $0.18 earnings per share. The company’s quarterly revenue was up 57.3% on a year-over-year basis. Equities research analysts predict that WisdomTree will post 1.14 earnings per share for the current fiscal year.

Insider Buying and Selling at WisdomTree

In related news, insider David M. Yates sold 15,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $18.06, for a total transaction of $270,900.00. Following the completion of the transaction, the insider owned 157,499 shares of the company’s stock, valued at $2,844,431.94. This trade represents a 8.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO R Jarrett Lilien sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $18.99, for a total transaction of $569,700.00. Following the transaction, the chief operating officer owned 1,110,245 shares of the company’s stock, valued at $21,083,552.55. This represents a 2.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 10.10% of the company’s stock.

Institutional Trading of WisdomTree

A number of hedge funds have recently modified their holdings of WT. Team Financial Group LLC acquired a new position in WisdomTree in the first quarter valued at approximately $29,000. Quarry LP grew its stake in shares of WisdomTree by 1,679.0% during the 3rd quarter. Quarry LP now owns 2,206 shares of the company’s stock worth $31,000 after purchasing an additional 2,082 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of WisdomTree by 163.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock valued at $30,000 after purchasing an additional 1,521 shares in the last quarter. Quattro Advisors LLC purchased a new stake in WisdomTree during the fourth quarter worth $31,000. Finally, Flagship Harbor Advisors LLC purchased a new position in WisdomTree in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Company 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.