Wakefield Asset Management LLLP Buys New Holdings in WisdomTree, Inc. $WT

Wakefield Asset Management LLLP bought a new stake in WisdomTree, Inc. (NYSE:WT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 106,521 shares of the company’s stock, valued at approximately $1,298,000.

Other hedge funds have also bought and sold shares of the company. Quarry LP lifted its stake in WisdomTree by 1,679.0% in the 3rd quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after purchasing an additional 2,082 shares during the last quarter. First Horizon Corp acquired a new stake in WisdomTree in the 3rd quarter valued at about $32,000. Neo Ivy Capital Management acquired a new stake in WisdomTree in the 3rd quarter valued at about $37,000. Flagship Harbor Advisors LLC acquired a new stake in WisdomTree in the 4th quarter valued at about $36,000. Finally, Torren Management LLC acquired a new stake in WisdomTree in the 4th quarter valued at about $37,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

WisdomTree Trading Down 2.0%

Shares of WT stock opened at $19.42 on Friday. The firm has a 50 day moving average price of $16.27 and a two-hundred day moving average price of $14.52. The company has a quick ratio of 4.18, a current ratio of 4.57 and a debt-to-equity ratio of 2.37. The company has a market capitalization of $2.97 billion, a PE ratio of 47.35 and a beta of 1.13. WisdomTree, Inc. has a 12-month low of $9.24 and a 12-month high of $19.85.

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

WisdomTree Announces Dividend

The firm 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 $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, May 13th. WisdomTree’s payout ratio is presently 29.27%.

Insider Buying and Selling

In other news, COO R Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction that occurred 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 sale, the chief operating officer directly owned 1,140,245 shares in the company, valued at approximately $19,201,725.80. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David M. Yates sold 15,000 shares of WisdomTree stock in a transaction that occurred 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 sale, the insider owned 157,499 shares of the company’s stock, valued at approximately $2,844,431.94. The trade was 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 insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WT shares. Zacks Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Wall Street Zen downgraded shares of WisdomTree from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. The Goldman Sachs Group restated a “neutral” rating and set a $16.80 price objective on shares of WisdomTree in a research report on Tuesday, May 5th. Northland Securities set a $20.00 price objective on shares of WisdomTree in a research report on Monday, February 2nd. Finally, Weiss Ratings downgraded shares of WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, WisdomTree currently has an average rating of “Moderate Buy” and an average price target of $18.47.

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.