Algert Global LLC Invests $671,000 in WisdomTree, Inc. (NYSE:WT)

Algert Global LLC acquired a new stake in shares of WisdomTree, Inc. (NYSE:WT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 63,923 shares of the company's stock, valued at approximately $671,000.

A number of other hedge funds have also made changes to their positions in WT. Quarry LP boosted its holdings in WisdomTree by 1,778.5% during the fourth quarter. Quarry LP now owns 2,799 shares of the company's stock valued at $29,000 after acquiring an additional 2,650 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of WisdomTree by 173.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock worth $39,000 after purchasing an additional 2,405 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of WisdomTree by 60.7% during the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock worth $49,000 after purchasing an additional 1,777 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in WisdomTree during the 4th quarter valued at approximately $60,000. Finally, KBC Group NV grew its holdings in WisdomTree by 48.4% in the 4th quarter. KBC Group NV now owns 7,792 shares of the company's stock valued at $82,000 after buying an additional 2,540 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut their price target on WisdomTree from $9.75 to $8.50 and set a "sell" rating for the company in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $12.42.

WisdomTree Stock Performance

Shares of NYSE WT traded up $0.03 during mid-day trading on Friday, hitting $9.57. The company had a trading volume of 164,349 shares, compared to its average volume of 1,702,453. WisdomTree, Inc. has a 12 month low of $7.47 and a 12 month high of $12.45. The firm has a market cap of $1.41 billion, a P/E ratio of 30.85 and a beta of 1.07. The business's 50-day simple moving average is $8.69 and its 200-day simple moving average is $9.75. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. The firm had revenue of $108.08 million during the quarter, compared to analysts' expectations of $108.47 million. During the same quarter in the prior year, the firm posted $0.12 EPS. The company's revenue for the quarter was up 11.7% on a year-over-year basis. As a group, analysts predict that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

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

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.