Globeflex Capital L P Has $1.99 Million Stock Position in WisdomTree, Inc. $WT

Globeflex Capital L P boosted its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 33.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 136,547 shares of the company’s stock after purchasing an additional 34,317 shares during the period. Globeflex Capital L P owned about 0.09% of WisdomTree worth $1,988,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WT. Tudor Investment Corp ET AL lifted its position in shares of WisdomTree by 18.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 591,244 shares of the company’s stock worth $8,218,000 after buying an additional 93,094 shares during the last quarter. SG Americas Securities LLC boosted its stake in WisdomTree by 226.0% in the fourth quarter. SG Americas Securities LLC now owns 165,862 shares of the company’s stock valued at $2,022,000 after buying an additional 114,980 shares in the last quarter. Principal Financial Group Inc. grew its position in WisdomTree by 101.8% in the first quarter. Principal Financial Group Inc. now owns 2,009,556 shares of the company’s stock valued at $29,259,000 after acquiring an additional 1,013,658 shares during the last quarter. UBS Group AG grew its position in WisdomTree by 654.6% in the fourth quarter. UBS Group AG now owns 1,133,254 shares of the company’s stock valued at $13,814,000 after acquiring an additional 983,070 shares during the last quarter. Finally, Wakefield Asset Management LLLP acquired a new position in WisdomTree during the fourth quarter worth about $1,298,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. 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. Northland Securities set a $22.00 price target on shares of WisdomTree in a report on Tuesday, June 2nd. Weiss Ratings cut shares of WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Zacks Research raised shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Raymond James Financial started coverage on shares of WisdomTree in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $20.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.06.

Insider Activity at WisdomTree

In other WisdomTree news, insider David M. Yates sold 15,000 shares of the company’s stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO R Jarrett Lilien sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $18.99, for a total transaction of $569,700.00. Following the transaction, the chief operating officer directly owned 1,110,245 shares of the company’s stock, valued at $21,083,552.55. The trade was a 2.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 10.10% of the company’s stock.

WisdomTree Price Performance

Shares of WT opened at $19.93 on Thursday. WisdomTree, Inc. has a 12-month low of $10.69 and a 12-month high of $21.23. The business has a 50-day simple moving average of $18.66 and a two-hundred day simple moving average of $16.89. The company has a quick ratio of 4.18, a current ratio of 4.57 and a debt-to-equity ratio of 2.37. The stock has a market cap of $3.05 billion, a PE ratio of 48.62 and a beta of 1.18.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, May 1st. The company reported $0.27 EPS for the quarter, beating the consensus estimate 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 business’s quarterly revenue was up 47.5% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share. Analysts anticipate that WisdomTree, Inc. will post 1.14 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, May 13th. WisdomTree’s payout ratio is presently 29.27%.

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.