Azora Capital LP Buys Shares of 6,180,510 WisdomTree, Inc. $WT

Azora Capital LP bought a new position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,180,510 shares of the company's stock, valued at approximately $104,698,000. WisdomTree makes up approximately 4.4% of Azora Capital LP's investment portfolio, making the stock its 5th largest holding. Azora Capital LP owned 4.08% of WisdomTree at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Team Financial Group LLC acquired a new position in WisdomTree during the first quarter worth about $29,000. Caitong International Asset Management Co. Ltd lifted its holdings in WisdomTree by 163.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company's stock valued at $30,000 after acquiring an additional 1,521 shares during the last quarter. Quarry LP lifted its holdings in WisdomTree by 1,679.0% in the 3rd quarter. Quarry LP now owns 2,206 shares of the company's stock valued at $31,000 after acquiring an additional 2,082 shares during the last quarter. Quattro Advisors LLC bought a new position in shares of WisdomTree during the 4th quarter valued at about $31,000. Finally, Hantz Financial Services Inc. boosted its position in shares of WisdomTree by 84.1% during the 4th quarter. Hantz Financial Services Inc. now owns 2,929 shares of the company's stock valued at $36,000 after purchasing an additional 1,338 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Oppenheimer boosted their target price on shares of WisdomTree from $22.00 to $27.00 and gave the stock an "outperform" rating in a report on Wednesday. Morgan Stanley set a $21.00 price target on WisdomTree in a report on Wednesday, July 29th. Wall Street Zen upgraded WisdomTree from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Northland Securities raised their price objective on WisdomTree from $22.00 to $26.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 19th. Finally, Weiss Ratings upgraded WisdomTree from a "hold (c)" rating to a "buy (b-)" rating in a report on Wednesday, August 19th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $22.46.

WisdomTree Price Performance

Shares of NYSE:WT opened at $24.83 on Thursday. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 47.75 and a beta of 1.17. WisdomTree, Inc. has a 1 year low of $10.69 and a 1 year high of $24.93. The company has a current ratio of 3.00, a quick ratio of 2.73 and a debt-to-equity ratio of 2.53. The business has a fifty day simple moving average of $20.21 and a 200 day simple moving average of $18.08.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.05. The company had revenue of $177.16 million during the quarter, compared to the consensus estimate of $170.62 million. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.The business's quarterly revenue was up 57.3% on a year-over-year basis. During the same period last year, the business earned $0.18 EPS. As a group, sell-side analysts predict that WisdomTree, Inc. will post 1.18 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were paid a $0.03 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $0.12 dividend on an annualized basis and a yield of 0.5%. WisdomTree's payout ratio is 23.08%.

WisdomTree Profile

WisdomTree Investments, Inc NYSE: WT is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.

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