59,774 Shares in WisdomTree, Inc. $WT Purchased by Caxton Associates LLP

Key Points

• Caxton Associates LLP has invested approximately $533,000 in WisdomTree, purchasing 59,774 shares in the first quarter, as detailed in their 13F filing.
• WisdomTree recently declared a quarterly dividend of $0.03 per share, resulting in an annualized dividend yield of 0.9%, with a payout ratio of 30.77%.
• Analysts have issued new price targets for WisdomTree, with Northcoast Research upgrading their rating and setting a price objective of $15.00.

Caxton Associates LLP bought a new stake in WisdomTree, Inc. (NYSE:WT - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 59,774 shares of the company's stock, valued at approximately $533,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. PharVision Advisers LLC lifted its stake in WisdomTree by 52.6% in the first quarter. PharVision Advisers LLC now owns 18,095 shares of the company's stock valued at $161,000 after buying an additional 6,241 shares during the last quarter. Millennium Management LLC lifted its stake in WisdomTree by 110.0% in the first quarter. Millennium Management LLC now owns 4,266,947 shares of the company's stock valued at $38,061,000 after buying an additional 2,235,413 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in WisdomTree by 17.9% in the first 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 during the last quarter. Graham Capital Management L.P. lifted its stake in WisdomTree by 45.5% in the first quarter. Graham Capital Management L.P. now owns 279,422 shares of the company's stock valued at $2,492,000 after buying an additional 87,398 shares during the last quarter. Finally, Quarry LP lifted its stake in WisdomTree by 112.4% in the first quarter. Quarry LP now owns 5,944 shares of the company's stock valued at $53,000 after buying an additional 3,145 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Craig Hallum reiterated a "buy" rating on shares of WisdomTree in a research note on Monday, August 4th. The Goldman Sachs Group upgraded shares of WisdomTree from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $9.50 to $11.90 in a research note on Friday, June 27th. Northcoast Research upgraded shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price objective on the stock in a research note on Wednesday, July 2nd. Oppenheimer lifted their price objective on shares of WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Morgan Stanley lifted their price objective on shares of WisdomTree from $11.50 to $12.50 and gave the company an "equal weight" rating in a research note on Monday, August 18th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, WisdomTree currently has an average rating of "Moderate Buy" and an average target price of $13.56.

Insider Buying and Selling

In related news, COO R Jarrett Lilien sold 12,500 shares of WisdomTree stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $13.21, for a total value of $165,125.00. Following the transaction, the chief operating officer 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 9.30% of the company's stock.

WisdomTree Price Performance

WisdomTree stock traded down $0.42 during midday trading on Monday, hitting $13.91. The company's stock had a trading volume of 2,932,133 shares, compared to its average volume of 2,222,036. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 0.82. The stock's 50-day moving average price is $13.24 and its 200-day moving average price is $10.69. WisdomTree, Inc. has a 12 month low of $7.47 and a 12 month high of $14.40. The company has a market capitalization of $2.05 billion, a PE ratio of 35.66 and a beta of 1.19.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. WisdomTree had a net margin of 16.25% and a return on equity of 25.17%. The firm had revenue of $112.60 million for the quarter, compared to analysts' expectations of $110.66 million. During the same period in the previous year, the business earned $0.16 earnings per share. WisdomTree's revenue for the quarter was up 5.2% compared to the same quarter last year. Analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders 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 annualized dividend and a yield of 0.9%. WisdomTree's payout ratio is 30.77%.

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.