809,902 Shares in WisdomTree, Inc. $WT Acquired by Invenomic Capital Management LP

Invenomic Capital Management LP bought a new position in shares of WisdomTree, Inc. (NYSE:WT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 809,902 shares of the company’s stock, valued at approximately $9,873,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its position in WisdomTree by 163.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock worth $30,000 after purchasing an additional 1,521 shares in the last quarter. Quarry LP grew its position in WisdomTree by 1,679.0% in the third quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after acquiring an additional 2,082 shares in the last quarter. Quattro Advisors LLC purchased a new position in shares of WisdomTree during the 4th quarter valued at approximately $31,000. Flagship Harbor Advisors LLC purchased a new position in shares of WisdomTree during the 4th quarter valued at approximately $36,000. Finally, Hantz Financial Services Inc. boosted its stake in shares of WisdomTree by 84.1% during the 4th quarter. Hantz Financial Services Inc. now owns 2,929 shares of the company’s stock valued at $36,000 after buying an additional 1,338 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WT. Zacks Research cut WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Weiss Ratings cut WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a research note on Friday, May 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $16.80 target price on shares of WisdomTree in a research report on Tuesday, May 5th. Northland Securities set a $22.00 target price on WisdomTree in a research report on Tuesday, June 2nd. Finally, Raymond James Financial began coverage on WisdomTree in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $20.00 target price on the stock. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $18.80.

WisdomTree Price Performance

Shares of NYSE WT opened at $18.16 on Thursday. WisdomTree, Inc. has a 1-year low of $10.10 and a 1-year high of $19.85. The company has a debt-to-equity ratio of 2.37, a current ratio of 4.57 and a quick ratio of 4.18. The business’s fifty day moving average price is $17.96 and its two-hundred day moving average price is $15.69. The firm has a market capitalization of $2.78 billion, a PE ratio of 44.29 and a beta of 1.15.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, May 1st. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. WisdomTree had a return on equity of 33.31% and a net margin of 11.26%.The firm had revenue of $159.50 million for the quarter, compared to analyst estimates of $156.96 million. During the same period last year, the company earned $0.16 earnings per share. The firm’s revenue for the quarter was up 47.5% on a year-over-year basis. On average, research analysts expect that WisdomTree, Inc. will post 1.14 EPS for the current year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.12 annualized dividend and a yield of 0.7%. WisdomTree’s dividend payout ratio (DPR) is currently 29.27%.

Insider Buying and Selling at WisdomTree

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $18.99, for a total value of $569,700.00. Following the sale, the chief operating officer directly owned 1,110,245 shares of the company’s stock, valued at $21,083,552.55. This trade represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David M. Yates sold 15,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $18.06, for a total value of $270,900.00. Following the transaction, the insider directly owned 157,499 shares in the company, valued at $2,844,431.94. This trade represents a 8.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 10.10% of the stock is owned by company insiders.

About WisdomTree

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.