Maverick Capital Ltd. Acquires New Shares in WisdomTree, Inc. $WT

Maverick Capital Ltd. purchased a new stake in shares of WisdomTree, Inc. (NYSE:WT) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 42,620 shares of the company’s stock, valued at approximately $621,000.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP lifted its position in WisdomTree by 15.7% in the 4th quarter. Wellington Management Group LLP now owns 11,196,229 shares of the company’s stock valued at $136,482,000 after purchasing an additional 1,521,599 shares during the last quarter. Azora Capital LP grew its position in WisdomTree by 9.3% in the 4th quarter. Azora Capital LP now owns 6,150,111 shares of the company’s stock worth $74,970,000 after purchasing an additional 521,179 shares during the last quarter. Simcoe Capital Management LLC grew its position in WisdomTree by 11.3% in the 4th quarter. Simcoe Capital Management LLC now owns 5,253,340 shares of the company’s stock worth $64,038,000 after purchasing an additional 535,015 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of WisdomTree by 41.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,134,430 shares of the company’s stock valued at $60,197,000 after purchasing an additional 1,205,097 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of WisdomTree by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,642,042 shares of the company’s stock valued at $44,399,000 after buying an additional 61,699 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

Analyst Ratings Changes

WT has been the topic of several recent analyst reports. Raymond James Financial initiated coverage on WisdomTree in a research report on Tuesday, April 21st. They set an “outperform” rating and a $20.00 price target for the company. The Goldman Sachs Group reiterated 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 shares of WisdomTree in a research note on Tuesday, June 2nd. Zacks Research upgraded shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Wall Street Zen lowered shares of WisdomTree from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, WisdomTree has an average rating of “Moderate Buy” and a consensus target price of $20.06.

WisdomTree Stock Down 1.6%

Shares of NYSE:WT opened at $19.40 on Wednesday. The company has a market cap of $2.97 billion, a PE ratio of 47.32 and a beta of 1.18. The firm has a 50 day simple moving average of $18.68 and a 200 day simple moving average of $17.07. The company has a debt-to-equity ratio of 2.37, a quick ratio of 4.18 and a current ratio of 4.57. WisdomTree, Inc. has a 52 week low of $10.69 and a 52 week high of $21.23.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $159.50 million for 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%.WisdomTree’s revenue for the quarter was up 47.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 earnings per share. As a group, research analysts expect that WisdomTree, Inc. will post 1.14 earnings per share for the current year.

Insider Transactions at WisdomTree

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

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.