28,985 Shares in WisdomTree, Inc. (NYSE:WT) Bought by Corton Capital Inc.

Corton Capital Inc. bought a new position in shares of WisdomTree, Inc. (NYSE:WT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,985 shares of the company’s stock, valued at approximately $304,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Crestline Management LP grew its stake in WisdomTree by 89.2% during the 4th quarter. Crestline Management LP now owns 29,017 shares of the company’s stock worth $305,000 after buying an additional 13,678 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of WisdomTree by 59.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 987,187 shares of the company’s stock worth $10,365,000 after acquiring an additional 366,303 shares during the period. Cetera Investment Advisers lifted its position in WisdomTree by 23.4% in the 4th quarter. Cetera Investment Advisers now owns 69,779 shares of the company’s stock valued at $733,000 after purchasing an additional 13,237 shares during the last quarter. Centiva Capital LP acquired a new position in WisdomTree during the 4th quarter valued at about $278,000. Finally, Bosun Asset Management LLC grew its position in WisdomTree by 12.2% in the 4th quarter. Bosun Asset Management LLC now owns 142,369 shares of the company’s stock worth $1,495,000 after purchasing an additional 15,490 shares during the last quarter. 78.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on WT. Keefe, Bruyette & Woods reduced their price objective on WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. The Goldman Sachs Group reduced their price target on WisdomTree from $9.75 to $8.50 and set a “sell” rating for the company in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.42.

WisdomTree Stock Performance

WT opened at $9.08 on Wednesday. The business has a 50 day moving average price of $8.59 and a two-hundred day moving average price of $9.80. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 29.30 and a beta of 1.07. WisdomTree, Inc. has a 1-year low of $7.47 and a 1-year high of $12.45.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. The business had revenue of $108.08 million during the quarter, compared to analyst estimates of $108.47 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. Research analysts predict that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.32%. WisdomTree’s payout ratio is currently 34.29%.

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.