SRN Advisors LLC Buys 29,025 Shares of WisdomTree, Inc. (NYSE:WT)

SRN Advisors LLC lifted its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 32.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 117,515 shares of the company’s stock after purchasing an additional 29,025 shares during the period. SRN Advisors LLC owned about 0.08% of WisdomTree worth $1,080,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Azora Capital LP grew its holdings in WisdomTree by 3.6% in the 4th quarter. Azora Capital LP now owns 7,793,321 shares of the company’s stock worth $54,008,000 after acquiring an additional 268,277 shares during the last quarter. Vanguard Group Inc. bought a new stake in WisdomTree in the 3rd quarter worth $103,908,000. Point72 Europe London LLP lifted its position in shares of WisdomTree by 18.9% in the 4th quarter. Point72 Europe London LLP now owns 516,800 shares of the company’s stock worth $3,581,000 after purchasing an additional 82,300 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of WisdomTree by 7.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,998,260 shares of the company’s stock worth $27,710,000 after purchasing an additional 294,060 shares during the period. Finally, UniSuper Management Pty Ltd purchased a new stake in shares of WisdomTree in the 1st quarter worth about $423,000. Institutional investors own 78.64% of the company’s stock.

Analysts Set New Price Targets

WT has been the subject of several research analyst reports. Northland Securities raised their target price on shares of WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Craig Hallum lifted their price target on shares of WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Morgan Stanley lifted 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. UBS Group lifted their price target on shares of WisdomTree from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Finally, Oppenheimer lifted their price target on shares of WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.96.

WisdomTree Trading Down 6.4 %

WT stock traded down $0.74 during mid-day trading on Friday, reaching $10.90. 2,965,570 shares of the stock traded hands, compared to its average volume of 1,377,726. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.18 and a current ratio of 3.01. WisdomTree, Inc. has a one year low of $6.06 and a one year high of $12.02. The stock has a market capitalization of $1.65 billion, a PE ratio of 16.03 and a beta of 1.48. The business has a 50-day moving average price of $10.22 and a two-hundred day moving average price of $9.04.

WisdomTree Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Wednesday, August 7th. WisdomTree’s dividend payout ratio (DPR) is 17.65%.

About WisdomTree

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.