Capital Management Corp VA Grows Stock Position in WisdomTree, Inc. $WT

Key Points

• Capital Management Corp VA increased its holdings in WisdomTree, Inc. by 71.4% during the 2nd quarter, owning a total of 326,270 shares valued at approximately $3.76 million.
• WisdomTree reported earnings of $0.18 EPS for the quarter, meeting expectations, with revenue rising 5.2% year-over-year to $112.60 million.
• The company announced a quarterly dividend of $0.03 per share, translating to an annual yield of 0.9%, with a payout ratio of 30.77%.

Capital Management Corp VA raised its position in WisdomTree, Inc. (NYSE:WT - Free Report) by 71.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 326,270 shares of the company's stock after buying an additional 135,900 shares during the quarter. Capital Management Corp VA owned about 0.22% of WisdomTree worth $3,755,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in WisdomTree by 110.0% during the first quarter. Millennium Management LLC now owns 4,266,947 shares of the company's stock valued at $38,061,000 after purchasing an additional 2,235,413 shares during the last quarter. Simcoe Capital Management LLC purchased a new position in shares of WisdomTree in the first quarter worth about $35,582,000. Massachusetts Financial Services Co. MA raised its position in shares of WisdomTree by 0.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,698,844 shares of the company's stock valued at $32,994,000 after purchasing an additional 13,746 shares during the period. Nuveen LLC bought a new stake in shares of WisdomTree in the first quarter valued at approximately $17,003,000. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of WisdomTree by 17.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 1,164,003 shares of the company's stock valued at $10,383,000 after buying an additional 176,816 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

WisdomTree Stock Performance

WisdomTree stock opened at $13.34 on Wednesday. WisdomTree, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $14.95. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.44. The stock has a market cap of $1.96 billion, a P/E ratio of 34.21 and a beta of 1.13. The firm's fifty day moving average price is $13.64 and its 200-day moving average price is $11.45.

WisdomTree (NYSE:WT - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.18 EPS for the quarter, meeting analysts' consensus estimates of $0.18. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.The business had revenue of $112.60 million for the quarter, compared to analysts' expectations of $110.66 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The firm's revenue was up 5.2% on a year-over-year basis. On average, equities research analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a $0.03 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $0.12 dividend on an annualized basis and a yield of 0.9%. WisdomTree's payout ratio is presently 30.77%.

Insiders Place Their Bets

In other WisdomTree news, COO R Jarrett Lilien sold 12,500 shares of WisdomTree stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $13.21, for a total transaction of $165,125.00. Following the transaction, the chief operating officer directly owned 1,036,138 shares of the company's stock, valued at approximately $13,687,382.98. This trade represents a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WT has been the topic of a number of analyst reports. Northland Securities set a $16.00 target price on shares of WisdomTree in a report on Wednesday, September 3rd. Oppenheimer boosted their price objective on WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Craig Hallum restated a "buy" rating on shares of WisdomTree in a research note on Monday, August 4th. Morgan Stanley lifted their target price on WisdomTree from $12.50 to $13.50 and gave the company an "equal weight" rating in a report on Monday, October 6th. Finally, Northcoast Research raised shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price target on the stock in a report on Wednesday, July 2nd. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, WisdomTree currently has an average rating of "Moderate Buy" and an average price target of $14.07.

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.

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