ArrowMark Colorado Holdings LLC Has $52.20 Million Stake in WisdomTree, Inc. (NYSE:WT)

ArrowMark Colorado Holdings LLC lessened its position in WisdomTree, Inc. (NYSE:WT - Free Report) by 29.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,971,505 shares of the company's stock after selling 2,088,207 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 3.40% of WisdomTree worth $52,201,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Barclays PLC boosted its position in shares of WisdomTree by 201.3% during the third quarter. Barclays PLC now owns 268,668 shares of the company's stock worth $2,684,000 after buying an additional 179,493 shares during the period. Franklin Resources Inc. acquired a new stake in shares of WisdomTree in the 3rd quarter worth approximately $888,000. Nordea Investment Management AB boosted its holdings in shares of WisdomTree by 2.6% in the fourth quarter. Nordea Investment Management AB now owns 391,208 shares of the company's stock valued at $4,100,000 after acquiring an additional 9,912 shares in the last quarter. Cooper Financial Group bought a new position in shares of WisdomTree in the fourth quarter valued at approximately $111,000. Finally, Park Avenue Securities LLC increased its stake in shares of WisdomTree by 175.8% during the fourth quarter. Park Avenue Securities LLC now owns 29,015 shares of the company's stock valued at $305,000 after acquiring an additional 18,495 shares during the period. 78.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WT has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price target on shares of WisdomTree from $12.00 to $10.50 and set a "market perform" rating on the stock in a research report on Tuesday, January 14th. The Goldman Sachs Group cut their target price on shares of WisdomTree from $9.75 to $8.50 and set a "sell" rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, WisdomTree currently has a consensus rating of "Hold" and an average price target of $12.42.

WisdomTree Stock Performance

NYSE:WT traded down $0.12 during midday trading on Tuesday, reaching $9.08. The stock had a trading volume of 735,398 shares, compared to its average volume of 1,540,953. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13. The firm's fifty day simple moving average is $8.59 and its 200-day simple moving average is $9.80. The stock has a market capitalization of $1.34 billion, a P/E ratio of 29.30 and a beta of 1.07. WisdomTree, Inc. has a 1-year low of $7.47 and a 1-year high of $12.45.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.16 EPS for the quarter, hitting analysts' consensus estimates of $0.16. WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. The company had revenue of $108.08 million during the quarter, compared to analyst estimates of $108.47 million. During the same period in the previous year, the company earned $0.12 earnings per share. The company's quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts forecast that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The business also recently announced 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. This represents a $0.12 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Wednesday, May 14th. WisdomTree's payout ratio is presently 34.29%.

About WisdomTree

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.