Chase Investment Counsel Corp Acquires Shares of 192,923 WisdomTree, Inc. $WT

Chase Investment Counsel Corp bought a new stake in shares of WisdomTree, Inc. (NYSE:WT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 192,923 shares of the company’s stock, valued at approximately $3,268,000.

Several other institutional investors also recently modified their holdings of the business. Team Financial Group LLC purchased a new position in WisdomTree during the 1st quarter valued at about $29,000. Caitong International Asset Management Co. Ltd grew its holdings in WisdomTree by 163.0% in the fourth 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 during the period. Quarry LP grew its holdings in WisdomTree by 1,679.0% in the third quarter. Quarry LP now owns 2,206 shares of the company’s stock worth $31,000 after purchasing an additional 2,082 shares during the period. Quattro Advisors LLC bought a new position in shares of WisdomTree during the fourth quarter valued at approximately $31,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of WisdomTree by 84.1% during the fourth quarter. Hantz Financial Services Inc. now owns 2,929 shares of the company’s stock valued at $36,000 after purchasing an additional 1,338 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors.

WisdomTree Trading Up 0.1%

Shares of NYSE:WT opened at $22.83 on Monday. 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, Inc. has a 1 year low of $10.69 and a 1 year high of $23.29. The company has a market cap of $3.46 billion, a P/E ratio of 43.90 and a beta of 1.17. The stock’s fifty day moving average price is $19.29 and its 200-day moving average price is $17.67.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, July 31st. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The business had revenue of $177.16 million during the quarter, compared to analyst estimates of $170.62 million. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.WisdomTree’s revenue was up 57.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.18 EPS. Sell-side analysts expect that WisdomTree, Inc. will post 1.17 earnings per share for the current year.

WisdomTree Announces Dividend

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

Insider Buying and Selling at WisdomTree

In related news, COO R Jarrett Lilien sold 30,000 shares of the stock in a transaction that occurred 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 owned 1,110,245 shares in the company, valued at $21,083,552.55. This represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on WT shares. Oppenheimer raised their price objective on WisdomTree from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Northland Securities set a $22.00 target price on WisdomTree in a report on Tuesday, June 2nd. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Zacks Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, The Goldman Sachs Group lifted their price target on WisdomTree from $16.40 to $18.30 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.66.

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.