Globeflex Capital L P Makes New $2.31 Million Investment in WisdomTree, Inc. $WT

Globeflex Capital L P acquired a new stake in shares of WisdomTree, Inc. (NYSE:WT) during the 2nd quarter, Holdings Channel reports. The firm acquired 136,640 shares of the company’s stock, valued at approximately $2,315,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of WisdomTree during the 2nd quarter worth about $326,513,000. Wellington Management Group LLP raised its stake in WisdomTree by 15.7% during the 4th quarter. Wellington Management Group LLP now owns 11,196,229 shares of the company’s stock worth $136,482,000 after buying an additional 1,521,599 shares during the period. Azora Capital LP raised its stake in WisdomTree by 9.3% during the 4th quarter. Azora Capital LP now owns 6,150,111 shares of the company’s stock worth $74,970,000 after buying an additional 521,179 shares during the period. Simcoe Capital Management LLC boosted its holdings in WisdomTree by 11.3% in the fourth quarter. Simcoe Capital Management LLC now owns 5,253,340 shares of the company’s stock worth $64,038,000 after acquiring an additional 535,015 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in 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 acquiring an additional 1,205,097 shares during the period. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Stock Down 0.2%

WT stock opened at $23.47 on Monday. WisdomTree, Inc. has a twelve month low of $10.69 and a twelve month high of $23.54. The company has a quick ratio of 2.73, a current ratio of 3.00 and a debt-to-equity ratio of 2.53. The stock’s 50 day moving average is $19.85 and its 200-day moving average is $17.90. The firm has a market capitalization of $3.56 billion, a PE ratio of 45.14 and a beta of 1.17.

WisdomTree (NYSE:WT) last announced its earnings results on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.05. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.The company had revenue of $177.16 million for the quarter, compared to analysts’ expectations of $170.62 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. WisdomTree’s quarterly revenue was up 57.3% on a year-over-year basis. Sell-side analysts expect that WisdomTree, Inc. will post 1.18 EPS for the current fiscal year.

WisdomTree Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on WT shares. Zacks Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Oppenheimer boosted their price target on shares of WisdomTree from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of WisdomTree from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday. Morgan Stanley set a $21.00 price objective on shares of WisdomTree in a research note on Wednesday, July 29th. Finally, Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.46.

About WisdomTree

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.