D. E. Shaw & Co. Inc. Acquires Shares of 270,679 WisdomTree, Inc. (NYSE:WT)

D. E. Shaw & Co. Inc. purchased a new position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 270,679 shares of the company's stock, valued at approximately $2,842,000. D. E. Shaw & Co. Inc. owned approximately 0.19% of WisdomTree at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Navellier & Associates Inc. boosted its stake in shares of WisdomTree by 11.4% during the 4th quarter. Navellier & Associates Inc. now owns 15,226 shares of the company's stock worth $160,000 after acquiring an additional 1,556 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of WisdomTree by 60.7% during the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock worth $49,000 after acquiring an additional 1,777 shares in the last quarter. EntryPoint Capital LLC boosted its stake in shares of WisdomTree by 6.7% during the 4th quarter. EntryPoint Capital LLC now owns 29,622 shares of the company's stock worth $311,000 after acquiring an additional 1,870 shares in the last quarter. Bank of Montreal Can raised its position in shares of WisdomTree by 11.6% during the 4th quarter. Bank of Montreal Can now owns 18,702 shares of the company's stock worth $196,000 after purchasing an additional 1,951 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of WisdomTree by 173.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock worth $39,000 after purchasing an additional 2,405 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

WisdomTree Stock Up 2.1%

Shares of WisdomTree stock opened at $9.85 on Tuesday. The company has a fifty day moving average price of $8.74 and a 200 day moving average price of $9.74. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. WisdomTree, Inc. has a twelve month low of $7.47 and a twelve month high of $12.45. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 31.77 and a beta of 1.07.

WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, hitting analysts' consensus estimates of $0.16. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The firm had revenue of $108.08 million during the quarter, compared to analysts' expectations of $108.47 million. During the same period in the prior year, the company earned $0.12 EPS. The firm's revenue was up 11.7% on a year-over-year basis. Equities research analysts forecast that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be given a $0.03 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a yield of 1.22%. WisdomTree's payout ratio is currently 34.29%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut their price objective on WisdomTree from $9.75 to $8.50 and set a "sell" rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, WisdomTree currently has an average rating of "Hold" and an average price target of $12.42.

WisdomTree 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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