WisdomTree, Inc. (NYSE:WT) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its stake in WisdomTree, Inc. by 85.6%, now owning 518,252 shares worth approximately $4.62 million.
• Several large investors have also raised their positions in WisdomTree, including Deutsche Bank AG (up 52.6%) and XTX Topco Ltd (up 88.9%).
• WisdomTree announced a quarterly dividend of $0.03 per share, providing a dividend yield of 0.9%, with an expected EPS of 0.72 for the current fiscal year.

Connor Clark & Lunn Investment Management Ltd. lifted its position in WisdomTree, Inc. (NYSE:WT - Free Report) by 85.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 518,252 shares of the company's stock after purchasing an additional 238,977 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.35% of WisdomTree worth $4,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of WT. Quarry LP grew its stake in WisdomTree by 1,778.5% during the fourth quarter. Quarry LP now owns 2,799 shares of the company's stock valued at $29,000 after acquiring an additional 2,650 shares in the last quarter. Byrne Asset Management LLC grew its stake in WisdomTree by 114.0% during the first quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock valued at $34,000 after acquiring an additional 2,052 shares in the last quarter. Versant Capital Management Inc grew its stake in WisdomTree by 310.5% during the first quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock valued at $47,000 after acquiring an additional 3,981 shares in the last quarter. Federated Hermes Inc. grew its stake in WisdomTree by 60.7% during the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock valued at $49,000 after acquiring an additional 1,777 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in shares of WisdomTree in the 4th quarter worth $108,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other WisdomTree news, COO R Jarrett Lilien sold 25,000 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $13.33, for a total value of $333,250.00. Following the completion of the sale, the chief operating officer directly owned 1,048,638 shares in the company, valued at approximately $13,978,344.54. This represents a 2.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.30% of the stock is owned by insiders.

WisdomTree Trading Down 1.3%

NYSE WT traded down $0.18 during trading on Friday, hitting $13.37. The stock had a trading volume of 7,667,896 shares, compared to its average volume of 3,521,370. 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 capitalization of $1.97 billion, a price-to-earnings ratio of 34.28 and a beta of 1.16. WisdomTree, Inc. has a one year low of $7.47 and a one year high of $13.79. The stock has a 50 day simple moving average of $12.17 and a 200 day simple moving average of $10.13.

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

WisdomTree Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, August 13th. WisdomTree's dividend payout ratio (DPR) is presently 30.77%.

Analysts Set New Price Targets

WT has been the topic of several recent research reports. Northcoast Research upgraded shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 target price on the stock in a research report on Wednesday, July 2nd. Craig Hallum reaffirmed a "buy" rating on shares of WisdomTree in a report on Monday, August 4th. Oppenheimer increased their price target on shares of WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. The Goldman Sachs Group raised shares of WisdomTree from a "sell" rating to a "neutral" rating and increased their price target for the company from $9.50 to $11.90 in a report on Friday, June 27th. Finally, Morgan Stanley increased their price target on shares of WisdomTree from $9.75 to $11.00 and gave the company an "equal weight" rating in a report on Wednesday, July 2nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.90.

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.