Los Angeles Capital Management LLC Increases Position in WisdomTree, Inc. (NYSE:WT)

Los Angeles Capital Management LLC lifted its position in WisdomTree, Inc. (NYSE:WT) by 113.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,761 shares of the company’s stock after purchasing an additional 17,410 shares during the period. Los Angeles Capital Management LLC’s holdings in WisdomTree were worth $327,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WT. CWM LLC boosted its holdings in shares of WisdomTree by 85.8% in the second quarter. CWM LLC now owns 2,746 shares of the company’s stock valued at $27,000 after purchasing an additional 1,268 shares during the period. Headlands Technologies LLC purchased a new stake in shares of WisdomTree in the second quarter valued at approximately $27,000. Gladius Capital Management LP purchased a new stake in shares of WisdomTree in the second quarter valued at approximately $32,000. GAMMA Investing LLC boosted its holdings in shares of WisdomTree by 76.8% in the third quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock valued at $40,000 after purchasing an additional 1,761 shares during the period. Finally, Bayesian Capital Management LP bought a new position in WisdomTree in the first quarter worth approximately $105,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WT shares. Oppenheimer boosted their price objective on shares of WisdomTree from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Northland Securities boosted their price objective 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. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $12.00 price objective (up previously from $11.00) on shares of WisdomTree in a research note on Monday, July 29th. Northcoast Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 15th. Finally, Craig Hallum boosted their price objective on shares of WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $12.25.

WisdomTree Stock Performance

Shares of WT stock opened at $11.53 on Monday. The business’s fifty day simple moving average is $10.22 and its 200-day simple moving average is $10.06. The company has a market cap of $1.68 billion, a PE ratio of 39.76 and a beta of 1.43. The company has a current ratio of 2.88, a quick ratio of 2.16 and a debt-to-equity ratio of 1.36. WisdomTree, Inc. has a 12-month low of $6.24 and a 12-month high of $12.02.

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Wednesday, November 6th. WisdomTree’s payout ratio is presently 41.38%.

Insider Transactions at WisdomTree

In related news, CEO Jonathan L. Steinberg acquired 67,869 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were purchased at an average cost of $10.84 per share, with a total value of $735,699.96. Following the completion of the acquisition, the chief executive officer now directly owns 9,240,707 shares of the company’s stock, valued at $100,169,263.88. This represents a 0.74 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.80% of the company’s stock.

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.