VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 68,950 WisdomTree, Inc. $WT

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in WisdomTree, Inc. (NYSE:WT) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 68,950 shares of the company’s stock, valued at approximately $1,168,000.

Other hedge funds have also recently bought and sold shares of the company. California State Teachers Retirement System increased its position in shares of WisdomTree by 1,433.9% during the 2nd quarter. California State Teachers Retirement System now owns 2,427,654 shares of the company’s stock worth $41,124,000 after purchasing an additional 2,269,383 shares in the last quarter. Round Rock Advisors LLC grew its stake in shares of WisdomTree by 49.5% during the second quarter. Round Rock Advisors LLC now owns 15,062 shares of the company’s stock valued at $255,000 after purchasing an additional 4,984 shares during the last quarter. Nykredit A S bought a new stake in shares of WisdomTree during the second quarter valued at approximately $27,000. Benjamin Edwards Inc. increased its holdings in shares of WisdomTree by 2.8% in the second quarter. Benjamin Edwards Inc. now owns 82,934 shares of the company’s stock valued at $1,405,000 after purchasing an additional 2,277 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. bought a new position in WisdomTree in the 2nd quarter worth approximately $1,437,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

WisdomTree Trading Down 1.4%

Shares of NYSE WT opened at $23.91 on Friday. WisdomTree, Inc. has a fifty-two week low of $10.69 and a fifty-two week high of $25.91. The firm has a market capitalization of $3.62 billion, a P/E ratio of 45.99 and a beta of 1.20. The company has a debt-to-equity ratio of 2.53, a current ratio of 3.00 and a quick ratio of 2.73. The company’s 50 day simple moving average is $21.80 and its 200 day simple moving average is $18.74.

WisdomTree (NYSE:WT) last issued its 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. The company had revenue of $177.16 million during the quarter, compared to analysts’ expectations of $170.62 million. WisdomTree had a net margin of 13.27% and a return on equity of 39.12%. The business’s revenue for the quarter was up 57.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS. On average, analysts predict that WisdomTree, Inc. will post 1.19 EPS for the current year.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, August 12th. WisdomTree’s dividend payout ratio is currently 23.08%.

Wall Street Analysts Forecast Growth

WT has been the topic of several research reports. The Goldman Sachs Group upped their price objective on WisdomTree from $16.40 to $18.30 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Morgan Stanley set a $21.00 target price on WisdomTree in a research report on Wednesday, July 29th. Northland Securities upped their price target on WisdomTree from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Oppenheimer lifted their price objective on WisdomTree from $22.00 to $27.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $23.66.

Insider Buying and Selling

In other WisdomTree news, COO R. Jarrett Lilien sold 30,000 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $24.56, for a total value of $736,800.00. Following the transaction, the chief operating officer owned 1,080,245 shares of the company’s stock, valued at approximately $26,530,817.20. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 10.10% of the company’s stock.

WisdomTree Company Profile

WisdomTree, Inc is a financial services company that operates as an exchange-traded fund (ETF) and exchange-traded product sponsor and asset manager. The company develops and manages investment strategies designed to provide exposure to equities, fixed income, currencies, commodities, alternatives and other asset classes.

Its product offerings include dividend-focused, growth and value ETFs, actively managed funds, currency and commodity products, and funds focused on environmental, social and governance themes.