Foundry Partners LLC Increases Position in WisdomTree, Inc. (NYSE:WT)

Foundry Partners LLC grew its holdings in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 993.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 438,947 shares of the company's stock after buying an additional 398,801 shares during the quarter. Foundry Partners LLC owned 0.30% of WisdomTree worth $3,915,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Millennium Management LLC boosted its position in WisdomTree by 532.6% during the 4th quarter. Millennium Management LLC now owns 2,031,534 shares of the company's stock valued at $21,331,000 after acquiring an additional 1,710,409 shares in the last quarter. Nuveen Asset Management LLC boosted its position in WisdomTree by 139.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,270,963 shares of the company's stock valued at $13,345,000 after acquiring an additional 741,134 shares in the last quarter. ExodusPoint Capital Management LP boosted its position in WisdomTree by 127.2% during the 4th quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company's stock valued at $12,211,000 after acquiring an additional 651,121 shares in the last quarter. BNP Paribas Financial Markets boosted its position in WisdomTree by 358.8% during the 4th quarter. BNP Paribas Financial Markets now owns 714,010 shares of the company's stock valued at $7,497,000 after acquiring an additional 558,392 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in WisdomTree by 157.4% during the 4th quarter. JPMorgan Chase & Co. now owns 880,489 shares of the company's stock valued at $9,245,000 after acquiring an additional 538,385 shares in the last quarter. Institutional investors own 78.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. The Goldman Sachs Group raised WisdomTree from a "sell" rating to a "neutral" rating and increased their target price for the company from $9.50 to $11.90 in a research report on Friday, June 27th. Morgan Stanley raised their target price on WisdomTree from $9.75 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. Finally, Northcoast Research raised WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price target on the stock in a research report on Wednesday, July 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $12.99.

WisdomTree Price Performance

WT stock remained flat at $12.93 during trading on Friday. The company had a trading volume of 1,917,930 shares, compared to its average volume of 1,762,957. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.83 and a quick ratio of 2.79. WisdomTree, Inc. has a 12 month low of $7.47 and a 12 month high of $13.06. The stock has a market cap of $1.90 billion, a PE ratio of 36.94 and a beta of 1.14. The business's fifty day moving average price is $10.70 and its 200-day moving average price is $9.64.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. WisdomTree had a return on equity of 25.46% and a net margin of 15.77%. The company had revenue of $108.08 million for the quarter, compared to analysts' expectations of $108.47 million. During the same period in the previous year, the firm posted $0.12 EPS. WisdomTree's revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts expect that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Wednesday, May 14th. WisdomTree's dividend payout ratio is currently 34.29%.

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.