WisdomTree, Inc. $WT Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP boosted its position in WisdomTree, Inc. (NYSE:WT) by 86.2% in the 3rd quarter, Holdings Channel reports. The fund owned 191,047 shares of the company’s stock after purchasing an additional 88,421 shares during the period. Quantbot Technologies LP’s holdings in WisdomTree were worth $2,656,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in WT. First Horizon Corp acquired a new stake in shares of WisdomTree during the third quarter worth $32,000. Federated Hermes Inc. lifted its position in WisdomTree by 105.7% during the third quarter. Federated Hermes Inc. now owns 3,011 shares of the company’s stock worth $42,000 after buying an additional 1,547 shares during the period. Traub Capital Management LLC acquired a new stake in WisdomTree in the 2nd quarter worth about $58,000. Wealth Enhancement Advisory Services LLC acquired a new stake in WisdomTree in the 3rd quarter worth about $118,000. Finally, LSV Asset Management purchased a new stake in WisdomTree in the 3rd quarter valued at about $124,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WT shares. Oppenheimer increased their price objective on shares of WisdomTree from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Zacks Research raised shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Northland Securities set a $20.00 price target on shares of WisdomTree in a research note on Monday, February 2nd. Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of WisdomTree in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, WisdomTree presently has an average rating of “Moderate Buy” and a consensus price target of $17.65.

WisdomTree Trading Down 2.8%

NYSE WT opened at $17.03 on Wednesday. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 22.71 and a beta of 1.09. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.37 and a current ratio of 1.75. WisdomTree, Inc. has a one year low of $7.47 and a one year high of $17.66. The company’s 50 day moving average price is $15.21 and its 200 day moving average price is $13.54.

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

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, February 11th. WisdomTree’s dividend payout ratio is currently 16.00%.

Insider Transactions at WisdomTree

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total value of $505,200.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 9.30% 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.