Maltese Capital Management LLC Has $427,000 Stock Position in WisdomTree, Inc. $WT

Maltese Capital Management LLC reduced its holdings in WisdomTree, Inc. (NYSE:WT) by 82.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 35,000 shares of the company’s stock after selling 165,000 shares during the quarter. Maltese Capital Management LLC’s holdings in WisdomTree were worth $427,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in WisdomTree by 2.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 456,990 shares of the company’s stock valued at $4,076,000 after acquiring an additional 12,402 shares during the period. Jane Street Group LLC increased its position in WisdomTree by 379.3% in the 1st quarter. Jane Street Group LLC now owns 880,977 shares of the company’s stock valued at $7,858,000 after acquiring an additional 697,156 shares during the period. Arrowstreet Capital Limited Partnership increased its position in WisdomTree by 35.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 301,138 shares of the company’s stock valued at $3,466,000 after acquiring an additional 78,837 shares during the period. Sei Investments Co. increased its position in shares of WisdomTree by 722.3% during the second quarter. Sei Investments Co. now owns 93,039 shares of the company’s stock worth $1,071,000 after buying an additional 81,725 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of WisdomTree by 20.0% during the second quarter. AQR Capital Management LLC now owns 482,313 shares of the company’s stock worth $5,551,000 after buying an additional 80,361 shares during the period. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $18.99, for a total value of $569,700.00. Following the transaction, the chief operating officer directly owned 1,110,245 shares of the company’s stock, valued at approximately $21,083,552.55. This trade represents a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 directly owned 157,499 shares in the company, valued at $2,844,431.94. This trade represents a 8.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 10.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Northland Securities set a $22.00 price objective on shares of WisdomTree in a research report on Tuesday, June 2nd. Weiss Ratings cut shares of WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Oppenheimer increased their price objective on shares of WisdomTree from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Zacks Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $16.80 price objective on shares of WisdomTree in a research report on Tuesday, May 5th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.80.

WisdomTree Trading Up 1.9%

NYSE:WT opened at $18.32 on Tuesday. 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 $2.80 billion, a price-to-earnings ratio of 44.67 and a beta of 1.15. The firm has a fifty day simple moving average of $17.81 and a two-hundred day simple moving average of $15.59. WisdomTree, Inc. has a 12 month low of $10.10 and a 12 month high of $19.85.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $159.50 million during the quarter, compared to analysts’ expectations of $156.96 million. WisdomTree had a net margin of 11.26% and a return on equity of 33.31%. The business’s quarterly revenue was up 47.5% on a year-over-year basis. During the same period last year, the company posted $0.16 earnings per share. Analysts expect that WisdomTree, Inc. will post 1.14 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. WisdomTree’s dividend payout ratio (DPR) is 29.27%.

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.