12,218 Shares in WisdomTree, Inc. (NYSE:WT) Bought by Algert Global LLC

Algert Global LLC acquired a new stake in WisdomTree, Inc. (NYSE:WT) in the second quarter, Holdings Channel reports. The institutional investor acquired 12,218 shares of the company’s stock, valued at approximately $121,000.

Other large investors have also modified their holdings of the company. UniSuper Management Pty Ltd acquired a new position in WisdomTree in the 1st quarter worth about $423,000. ClariVest Asset Management LLC acquired a new stake in WisdomTree in the 1st quarter valued at $3,840,000. SG Americas Securities LLC increased its holdings in WisdomTree by 588.2% in the 2nd quarter. SG Americas Securities LLC now owns 73,295 shares of the company’s stock worth $726,000 after acquiring an additional 62,644 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in WisdomTree during the first quarter worth $507,000. Finally, Wellington Management Group LLP lifted its holdings in WisdomTree by 3.8% during the fourth quarter. Wellington Management Group LLP now owns 3,897,242 shares of the company’s stock valued at $27,008,000 after purchasing an additional 141,354 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Stock Up 0.4 %

Shares of WT opened at $9.91 on Friday. The stock has a fifty day simple moving average of $9.86 and a two-hundred day simple moving average of $9.78. The company has a quick ratio of 2.18, a current ratio of 3.01 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.50 billion, a PE ratio of 14.57 and a beta of 1.43. WisdomTree, Inc. has a 52-week low of $6.06 and a 52-week high of $12.02.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, July 26th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $107.03 million for the quarter, compared to the consensus estimate of $103.75 million. WisdomTree had a net margin of 19.72% and a return on equity of 19.22%. As a group, equities analysts forecast that WisdomTree, Inc. will post 0.62 EPS for the current year.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Wednesday, August 7th. WisdomTree’s dividend payout ratio is presently 17.65%.

Analyst Ratings Changes

WT has been the subject of a number of research reports. Northland Securities boosted their target price on shares of WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Craig Hallum raised their target price on WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Oppenheimer lifted their price target on WisdomTree from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $12.00 price objective (up previously from $11.00) on shares of WisdomTree in a report on Monday, July 29th. Finally, Northcoast Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 15th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.96.

WisdomTree Company Profile

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.