WisdomTree, Inc. (NYSE:WT) Shares Sold by Azora Capital LP

Azora Capital LP reduced its holdings in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 0.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,576,624 shares of the company's stock after selling 32,953 shares during the period. WisdomTree comprises 5.0% of Azora Capital LP's portfolio, making the stock its 6th biggest position. Azora Capital LP owned about 7.24% of WisdomTree worth $111,055,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of WT. Quarry LP increased its holdings in WisdomTree by 1,778.5% during the 4th quarter. Quarry LP now owns 2,799 shares of the company's stock worth $29,000 after purchasing an additional 2,650 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of WisdomTree by 173.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock valued at $39,000 after acquiring an additional 2,405 shares in the last quarter. Federated Hermes Inc. lifted its stake in 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 acquiring an additional 1,777 shares during the period. Stonebridge Financial Group LLC bought a new position in WisdomTree during the 4th quarter worth about $60,000. Finally, KBC Group NV increased its position in WisdomTree by 48.4% during the 4th quarter. KBC Group NV now owns 7,792 shares of the company's stock valued at $82,000 after purchasing an additional 2,540 shares during the period. Hedge funds and other institutional investors own 78.64% of the company's stock.

Analysts Set New Price Targets

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

WisdomTree Stock Down 1.3 %

Shares of WT traded down $0.12 during mid-day trading on Tuesday, hitting $9.08. 735,398 shares of the company traded hands, compared to its average volume of 1,540,954. The company has a market capitalization of $1.34 billion, a PE ratio of 29.30 and a beta of 1.07. 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 business has a 50 day moving average of $8.59 and a 200 day moving average of $9.80. 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 posted its quarterly earnings results on Friday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.16. The business had revenue of $108.08 million during the quarter, compared to analysts' expectations of $108.47 million. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The business's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company posted $0.12 earnings per share. Equities research analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a yield of 1.32%. WisdomTree's dividend payout ratio is currently 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.