Foundry Partners LLC Boosts Stake in WisdomTree, Inc. (NYSE:WT)

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

Several other hedge funds have also bought and sold shares of the company. Capital Management Corp VA grew its stake in shares of WisdomTree by 757.5% during the first quarter. Capital Management Corp VA now owns 190,370 shares of the company's stock worth $1,698,000 after buying an additional 168,170 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its position in shares of WisdomTree by 5.8% during the first quarter. Kornitzer Capital Management Inc. KS now owns 970,830 shares of the company's stock worth $8,660,000 after acquiring an additional 53,000 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of WisdomTree by 0.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,698,844 shares of the company's stock worth $32,994,000 after acquiring an additional 13,746 shares in the last quarter. Personal CFO Solutions LLC bought a new stake in WisdomTree in the 1st quarter worth about $111,000. Finally, Envestnet Asset Management Inc. grew its position in shares of WisdomTree by 39.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 808,352 shares of the company's stock valued at $7,210,000 after acquiring an additional 227,626 shares during the period. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WT. Oppenheimer lifted their target price on shares of WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a research note on Tuesday. Morgan Stanley boosted their price objective 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. The Goldman Sachs Group raised shares of WisdomTree from a "sell" rating to a "neutral" rating and upped their target price for the company from $9.50 to $11.90 in a report on Friday, June 27th. Finally, Northcoast Research raised shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price objective for the company in a research note on Wednesday, July 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $13.24.

WisdomTree Stock Performance

Shares of WT traded up $0.10 on Wednesday, reaching $13.44. 843,514 shares of the company's stock traded hands, compared to its average volume of 1,773,517. The company has a current ratio of 3.83, a quick ratio of 2.79 and a debt-to-equity ratio of 1.23. The stock has a market cap of $1.98 billion, a PE ratio of 38.41 and a beta of 1.14. The stock's 50 day simple moving average is $10.85 and its two-hundred day simple moving average is $9.68. WisdomTree, Inc. has a 52-week low of $7.47 and a 52-week high of $13.53.

WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The company reported $0.16 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 firm had revenue of $108.08 million for the quarter, compared to the consensus estimate of $108.47 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. The company's quarterly revenue was up 11.7% on a year-over-year basis. On average, analysts forecast that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.12 annualized dividend and a yield of 0.89%. WisdomTree's dividend payout ratio is currently 34.29%.

About WisdomTree

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.