Navellier & Associates Inc. Has $258,000 Holdings in WisdomTree, Inc. $WT

Navellier & Associates Inc. trimmed its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 71.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,252 shares of the company’s stock after selling 38,754 shares during the period. Navellier & Associates Inc.’s holdings in WisdomTree were worth $258,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of WT. BlackRock Inc. acquired a new position in shares of WisdomTree during the 2nd quarter valued at $326,513,000. Wellington Management Group LLP grew its holdings in WisdomTree by 15.7% in the fourth quarter. Wellington Management Group LLP now owns 11,196,229 shares of the company’s stock worth $136,482,000 after purchasing an additional 1,521,599 shares during the period. Azora Capital LP acquired a new stake in WisdomTree in the second quarter worth $104,698,000. Simcoe Capital Management LLC increased its stake in WisdomTree by 11.3% in the fourth quarter. Simcoe Capital Management LLC now owns 5,253,340 shares of the company’s stock valued at $64,038,000 after purchasing an additional 535,015 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased 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 purchasing an additional 1,205,097 shares in 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 research reports. Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Raymond James Financial restated an “outperform” rating and issued a $26.00 target price on shares of WisdomTree in a research note on Thursday. The Goldman Sachs Group boosted their target price on WisdomTree from $16.40 to $18.30 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Zacks Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Oppenheimer increased their price target on WisdomTree from $22.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.66.

WisdomTree Stock Performance

Shares of WT stock opened at $24.53 on Monday. The company has a current ratio of 3.00, a quick ratio of 2.73 and a debt-to-equity ratio of 2.53. The firm has a fifty day simple moving average of $20.47 and a two-hundred day simple moving average of $18.20. WisdomTree, Inc. has a 12 month low of $10.69 and a 12 month high of $25.89. The firm has a market capitalization of $3.72 billion, a PE ratio of 47.17 and a beta of 1.17.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, July 31st. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. The firm had revenue of $177.16 million for the quarter, compared to analyst estimates of $170.62 million. WisdomTree had a net margin of 13.27% and a return on equity of 39.12%. The business’s quarterly revenue was up 57.3% compared to the same quarter last year. During the same period last year, the firm earned $0.18 earnings per share. Analysts forecast that WisdomTree, Inc. will post 1.19 EPS for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, August 12th. WisdomTree’s dividend payout ratio is currently 23.08%.

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.