Corton Capital Inc. Purchases New Shares in WisdomTree, Inc. (NYSE:WT)

Corton Capital Inc. bought a new position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 28,985 shares of the company's stock, valued at approximately $304,000.

Other hedge funds also recently modified their holdings of the company. Crestline Management LP boosted its position in WisdomTree by 89.2% during the fourth quarter. Crestline Management LP now owns 29,017 shares of the company's stock valued at $305,000 after buying an additional 13,678 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in WisdomTree by 59.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 987,187 shares of the company's stock worth $10,365,000 after purchasing an additional 366,303 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of WisdomTree by 23.4% during the 4th quarter. Cetera Investment Advisers now owns 69,779 shares of the company's stock worth $733,000 after acquiring an additional 13,237 shares during the last quarter. Centiva Capital LP purchased a new position in shares of WisdomTree during the 4th quarter valued at $278,000. Finally, Bosun Asset Management LLC increased its holdings in WisdomTree by 12.2% in the 4th quarter. Bosun Asset Management LLC now owns 142,369 shares of the company's stock valued at $1,495,000 after acquiring an additional 15,490 shares during the last quarter. Institutional investors own 78.64% of the company's stock.

WisdomTree Trading Up 1.7%

Shares of WT stock traded up $0.17 during trading hours on Monday, hitting $9.61. 290,485 shares of the company were exchanged, compared to its average volume of 1,546,010. WisdomTree, Inc. has a 1 year low of $7.47 and a 1 year high of $12.45. The firm has a fifty day moving average of $8.62 and a 200 day moving average of $9.77. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28. The firm has a market cap of $1.41 billion, a PE ratio of 31.02 and a beta of 1.07.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, meeting analysts' consensus estimates of $0.16. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The business had revenue of $108.08 million for the quarter, compared to analysts' expectations of $108.47 million. During the same period in the previous year, the business earned $0.12 earnings per share. The company's revenue was up 11.7% on a year-over-year basis. Analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.12 annualized dividend and a dividend yield of 1.25%. WisdomTree's payout ratio is 34.29%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of WisdomTree from $12.00 to $10.50 and set a "market perform" rating for the company in a research report on Tuesday, January 14th. The Goldman Sachs Group dropped their price target on shares of WisdomTree from $9.75 to $8.50 and set a "sell" rating on the stock in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, WisdomTree presently has an average rating of "Hold" and an average target price of $12.42.

WisdomTree Company Profile

WisdomTree, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.