State of Wyoming Invests $521,000 in WisdomTree, Inc. $WT

State of Wyoming purchased a new position in shares of WisdomTree, Inc. (NYSE:WT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 30,757 shares of the company’s stock, valued at approximately $521,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WT. Team Financial Group LLC acquired a new stake in shares of WisdomTree in the 1st quarter worth $29,000. Caitong International Asset Management Co. Ltd increased its stake in shares of WisdomTree by 163.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock worth $30,000 after acquiring an additional 1,521 shares during the period. Quarry LP increased its stake in shares of WisdomTree by 1,679.0% during the third quarter. Quarry LP now owns 2,206 shares of the company’s stock worth $31,000 after acquiring an additional 2,082 shares during the period. Quattro Advisors LLC purchased a new position in WisdomTree during the fourth quarter worth about $31,000. Finally, Hantz Financial Services Inc. raised its holdings in WisdomTree by 84.1% during the fourth quarter. Hantz Financial Services Inc. now owns 2,929 shares of the company’s stock worth $36,000 after purchasing an additional 1,338 shares in the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree Stock Performance

Shares of WT opened at $23.12 on Tuesday. WisdomTree, Inc. has a 12-month low of $10.69 and a 12-month high of $23.29. The stock has a market cap of $3.50 billion, a P/E ratio of 44.46 and a beta of 1.17. The company has a current ratio of 3.00, a quick ratio of 2.73 and a debt-to-equity ratio of 2.53. The company has a 50-day moving average of $19.40 and a two-hundred day moving average of $17.72.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, July 31st. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.26 by $0.05. WisdomTree had a net margin of 13.27% and a return on equity of 39.12%. The business had revenue of $177.16 million for the quarter, compared to analyst estimates of $170.62 million. During the same period in the prior year, the business earned $0.18 earnings per share. The company’s quarterly revenue was up 57.3% on a year-over-year basis. As a group, research analysts predict that WisdomTree, Inc. will post 1.17 EPS for the current fiscal year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, August 12th. WisdomTree’s dividend payout ratio is 23.08%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on WT shares. Northland Securities set a $22.00 target price on WisdomTree in a research report on Tuesday, June 2nd. Morgan Stanley set a $21.00 price target on WisdomTree in a report on Wednesday, July 29th. The Goldman Sachs Group lifted their price target on WisdomTree from $16.40 to $18.30 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of WisdomTree in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $20.66.

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 stock was sold at an average price of $18.99, for a total transaction of $569,700.00. Following the completion of the transaction, the chief operating officer 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 SEC, which is accessible through this link. Insiders own 10.10% 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.