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

ArrowMark Colorado Holdings LLC reduced its holdings in WisdomTree, Inc. (NYSE:WT - Free Report) by 29.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,971,505 shares of the company's stock after selling 2,088,207 shares during the quarter. ArrowMark Colorado Holdings LLC owned approximately 3.40% of WisdomTree worth $52,201,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Navellier & Associates Inc. boosted its stake in WisdomTree by 11.4% during the 4th quarter. Navellier & Associates Inc. now owns 15,226 shares of the company's stock valued at $160,000 after purchasing an additional 1,556 shares during the period. Federated Hermes Inc. grew its stake in shares of WisdomTree by 60.7% in the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock worth $49,000 after purchasing an additional 1,777 shares in the last quarter. EntryPoint Capital LLC raised its stake in shares of WisdomTree by 6.7% during the fourth quarter. EntryPoint Capital LLC now owns 29,622 shares of the company's stock valued at $311,000 after purchasing an additional 1,870 shares in the last quarter. Bank of Montreal Can lifted its holdings in WisdomTree by 11.6% in the fourth quarter. Bank of Montreal Can now owns 18,702 shares of the company's stock worth $196,000 after purchasing an additional 1,951 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in WisdomTree by 173.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock valued at $39,000 after buying an additional 2,405 shares in the last quarter. 78.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

WisdomTree Price Performance

Shares of NYSE:WT traded up $0.16 on Thursday, reaching $9.44. 643,141 shares of the company traded hands, compared to its average volume of 1,538,131. 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 stock has a market capitalization of $1.39 billion, a PE ratio of 30.45 and a beta of 1.07. The company's 50 day moving average is $8.60 and its 200-day moving average is $9.79. WisdomTree, Inc. has a fifty-two week low of $7.47 and a fifty-two week 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 earnings per share 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 firm had revenue of $108.08 million for the quarter, compared to analysts' expectations of $108.47 million. During the same quarter last year, the business posted $0.12 EPS. WisdomTree's revenue was up 11.7% on a year-over-year basis. As a group, analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, May 14th. WisdomTree's dividend payout ratio (DPR) is currently 34.29%.

WisdomTree 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.