Park Avenue Securities LLC Invests $105,000 in WisdomTree, Inc. (NYSE:WT)

Park Avenue Securities LLC purchased a new stake in shares of WisdomTree, Inc. (NYSE:WT) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,520 shares of the company’s stock, valued at approximately $105,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Headlands Technologies LLC purchased a new stake in shares of WisdomTree during the second quarter worth $27,000. CWM LLC boosted its stake in WisdomTree by 85.8% in the 2nd quarter. CWM LLC now owns 2,746 shares of the company’s stock worth $27,000 after purchasing an additional 1,268 shares during the period. Gladius Capital Management LP bought a new position in WisdomTree in the 2nd quarter worth about $32,000. Bayesian Capital Management LP purchased a new position in WisdomTree during the 1st quarter valued at about $105,000. Finally, Benjamin Edwards Inc. bought a new stake in WisdomTree during the 2nd quarter worth approximately $115,000. 78.64% of the stock is owned by institutional investors.

WisdomTree Price Performance

Shares of NYSE:WT opened at $10.11 on Tuesday. 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 stock has a market cap of $1.53 billion, a PE ratio of 14.86 and a beta of 1.43. The company’s fifty day moving average is $9.86 and its 200 day moving average is $9.80. WisdomTree, Inc. has a 52 week low of $6.06 and a 52 week high of $12.02.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, July 26th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $107.03 million for the quarter, compared to the consensus estimate of $103.75 million. WisdomTree had a return on equity of 19.22% and a net margin of 19.72%. Research analysts anticipate that WisdomTree, Inc. will post 0.62 earnings per share for the current year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Wednesday, August 7th. WisdomTree’s dividend payout ratio (DPR) is presently 17.65%.

Analyst Upgrades and Downgrades

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

About WisdomTree

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.