Globeflex Capital L P Takes $2.31 Million Position in WisdomTree, Inc. $WT

Key Points

• Globeflex Capital purchased 136,640 WisdomTree shares worth approximately $2.31 million, representing about 0.09% of the company. Institutional investors and hedge funds collectively own 78.64% of WT.
• Analyst sentiment is moderately positive: WisdomTree has four Buy and three Hold ratings, with a consensus price target of $21.46, although the stock recently opened at $23.47.
• WisdomTree exceeded quarterly expectations, reporting $0.31 in EPS and $177.16 million in revenue, with revenue up 57.3% year over year. The company also declared a quarterly dividend of $0.03 per share, equal to a 0.5% annualized yield.

Globeflex Capital L P purchased a new stake in shares of WisdomTree, Inc. (NYSE:WT - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 136,640 shares of the company's stock, valued at approximately $2,315,000. Globeflex Capital L P owned about 0.09% of WisdomTree at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in WT. Team Financial Group LLC acquired a new stake in WisdomTree in the first quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of WisdomTree by 163.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company's stock worth $30,000 after buying an additional 1,521 shares in the last quarter. Quarry LP increased its holdings in shares of WisdomTree by 1,679.0% during the third quarter. Quarry LP now owns 2,206 shares of the company's stock worth $31,000 after buying an additional 2,082 shares in the last quarter. Quattro Advisors LLC acquired a new position in shares of WisdomTree during the fourth quarter worth $31,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of WisdomTree by 84.1% in the 4th quarter. Hantz Financial Services Inc. now owns 2,929 shares of the company's stock valued at $36,000 after acquiring an additional 1,338 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WT. The Goldman Sachs Group lifted their price target on WisdomTree from $16.40 to $18.30 and gave the company a "neutral" rating in a research note on Tuesday, August 4th. Wall Street Zen upgraded shares of WisdomTree from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Zacks Research lowered shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Northland Securities raised their price target on shares of WisdomTree from $22.00 to $26.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, Morgan Stanley set a $21.00 price objective on WisdomTree in a report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.46.

WisdomTree Stock Performance

Shares of WT opened at $23.47 on Monday. The company has a current ratio of 3.00, a quick ratio of 2.73 and a debt-to-equity ratio of 2.53. The firm's fifty day simple moving average is $19.85 and its two-hundred day simple moving average is $17.90. WisdomTree, Inc. has a 12 month low of $10.69 and a 12 month high of $23.54. The stock has a market capitalization of $3.56 billion, a P/E ratio of 45.14 and a beta of 1.17.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.05. The firm had revenue of $177.16 million during the quarter, compared to analyst estimates of $170.62 million. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.The business's quarterly revenue was up 57.3% on a year-over-year basis. During the same period last year, the company posted $0.18 EPS. As a group, analysts predict that WisdomTree, Inc. will post 1.18 EPS for the current year.

WisdomTree Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, August 12th. WisdomTree's payout ratio is presently 23.08%.

WisdomTree Profile

WisdomTree Investments, Inc NYSE: WT is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.

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