GSA Capital Partners LLP Makes New Investment in WisdomTree, Inc. $WT

GSA Capital Partners LLP acquired a new position in shares of WisdomTree, Inc. (NYSE:WT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 36,605 shares of the company’s stock, valued at approximately $620,000.

Several other large investors also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its position in WisdomTree by 101.8% during the first quarter. Principal Financial Group Inc. now owns 2,009,556 shares of the company’s stock worth $29,259,000 after acquiring an additional 1,013,658 shares in the last quarter. Bank of America Corp DE lifted its stake in WisdomTree by 556.4% in the first quarter. Bank of America Corp DE now owns 2,327,389 shares of the company’s stock valued at $33,887,000 after acquiring an additional 1,972,847 shares during the last quarter. Wakefield Asset Management LLLP bought a new position in shares of WisdomTree in the 4th quarter valued at about $1,298,000. Capital Management Corp VA grew its position in shares of WisdomTree by 108.1% in the 4th quarter. Capital Management Corp VA now owns 561,886 shares of the company’s stock valued at $6,849,000 after acquiring an additional 291,851 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in shares of WisdomTree during the 4th quarter worth about $1,752,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

Wall Street Analysts Forecast Growth

WT has been the topic of a number of research analyst reports. Northland Securities upped their target price on shares of WisdomTree from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of WisdomTree in a report on Wednesday, August 5th. Oppenheimer boosted their price target on WisdomTree from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Morgan Stanley set a $21.00 price objective on WisdomTree in a research note on Wednesday, July 29th. Finally, Zacks Research cut WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.46.

WisdomTree Price Performance

NYSE:WT opened at $22.65 on Friday. The company has a market cap of $3.43 billion, a P/E ratio of 43.56 and a beta of 1.17. The firm’s fifty day moving average price is $19.74 and its two-hundred day moving average price is $17.85. WisdomTree, Inc. has a one year low of $10.69 and a one year high of $23.47. The company has a debt-to-equity ratio of 2.53, a current ratio of 3.00 and a quick ratio of 2.73.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. WisdomTree’s quarterly revenue was up 57.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 EPS. Equities analysts expect that WisdomTree, Inc. will post 1.18 earnings per share for the current year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, August 12th. WisdomTree’s dividend payout ratio is currently 23.08%.

WisdomTree Company Profile

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.