VIRGINIA RETIREMENT SYSTEMS ET Al Grows Holdings in WisdomTree, Inc. $WT

VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in WisdomTree, Inc. (NYSE:WT) by 23.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,050 shares of the company’s stock after acquiring an additional 31,350 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.12% of WisdomTree worth $2,012,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WT. Wellington Management Group LLP increased its holdings in WisdomTree by 236.5% in the 3rd quarter. Wellington Management Group LLP now owns 9,674,630 shares of the company’s stock worth $134,477,000 after acquiring an additional 6,799,654 shares in the last quarter. Capitolis Liquid Global Markets LLC purchased a new stake in WisdomTree in the 3rd quarter worth approximately $24,125,000. Arrowstreet Capital Limited Partnership increased its holdings in WisdomTree by 463.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,697,707 shares of the company’s stock worth $23,598,000 after acquiring an additional 1,396,569 shares in the last quarter. Tidal Investments LLC purchased a new stake in WisdomTree in the 2nd quarter worth approximately $15,649,000. Finally, Balyasny Asset Management L.P. increased its holdings in WisdomTree by 1,432.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,202,765 shares of the company’s stock worth $13,844,000 after acquiring an additional 1,124,293 shares in the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WT shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $16.80 target price on shares of WisdomTree in a report on Tuesday, May 5th. Morgan Stanley set a $18.00 price target on WisdomTree in a research note on Thursday, April 30th. Wall Street Zen downgraded WisdomTree from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Weiss Ratings downgraded WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Finally, Raymond James Financial assumed coverage on WisdomTree in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $20.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, WisdomTree has a consensus rating of “Moderate Buy” and a consensus price target of $18.47.

Insider Buying and Selling

In other news, insider David M. Yates sold 15,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $18.06, for a total transaction of $270,900.00. Following the completion of the transaction, the insider directly owned 157,499 shares in the company, valued at approximately $2,844,431.94. This represents a 8.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO R Jarrett Lilien sold 30,000 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $16.84, for a total value of $505,200.00. Following the transaction, the chief operating officer owned 1,140,245 shares of the company’s stock, valued at $19,201,725.80. This represents a 2.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 10.10% of the stock is currently owned by corporate insiders.

WisdomTree Stock Down 2.0%

NYSE WT opened at $19.42 on Friday. The company has a debt-to-equity ratio of 2.37, a quick ratio of 4.18 and a current ratio of 4.57. The company has a market capitalization of $2.97 billion, a P/E ratio of 47.35 and a beta of 1.13. WisdomTree, Inc. has a one year low of $9.24 and a one year high of $19.85. The stock has a 50 day moving average price of $16.27 and a 200-day moving average price of $14.52.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, May 1st. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $159.50 million during the quarter, compared to the consensus estimate of $156.96 million. WisdomTree had a return on equity of 33.31% and a net margin of 11.26%.The company’s quarterly revenue was up 47.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 EPS. As a group, equities analysts predict that WisdomTree, Inc. will post 1.13 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th 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 0.6%. The ex-dividend date is Wednesday, May 13th. WisdomTree’s dividend payout ratio is currently 29.27%.

WisdomTree 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.