Graham Capital Management L.P. Acquires 87,398 Shares of WisdomTree, Inc. $WT

Key Points

• Graham Capital Management L.P. increased its stake in WisdomTree, Inc. by 45.5%, now owning approximately 0.19% of the company worth $2.49 million after acquiring additional shares during the first quarter.
• WisdomTree recently declared a quarterly dividend of $0.03 per share, resulting in an annual yield of 0.9%, with a dividend payout ratio of 30.77%.
• Several institutional investors have also significantly raised their positions in WisdomTree, with over 78.64% of the stock now held by hedge funds and other institutional investors.

Graham Capital Management L.P. increased its holdings in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 45.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 279,422 shares of the company's stock after purchasing an additional 87,398 shares during the quarter. Graham Capital Management L.P. owned 0.19% of WisdomTree worth $2,492,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP boosted its holdings in shares of WisdomTree by 1,778.5% in the fourth quarter. Quarry LP now owns 2,799 shares of the company's stock valued at $29,000 after buying an additional 2,650 shares during the period. Byrne Asset Management LLC lifted its position in WisdomTree by 114.0% in the 1st 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 boosted its stake in WisdomTree by 310.5% in the 1st quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock worth $47,000 after purchasing an additional 3,981 shares during the period. Russell Investments Group Ltd. raised its stake in shares of WisdomTree by 758.2% in the 1st quarter. Russell Investments Group Ltd. now owns 6,986 shares of the company's stock valued at $62,000 after purchasing an additional 6,172 shares during the period. Finally, Ieq Capital LLC acquired a new stake in shares of WisdomTree in the 1st quarter valued at about $94,000. Institutional investors own 78.64% of the company's stock.

WisdomTree Stock Performance

WT traded down $0.31 on Friday, reaching $13.43. The company had a trading volume of 4,904,746 shares, compared to its average volume of 4,258,632. WisdomTree, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $14.07. The company's fifty day moving average is $13.07 and its 200 day moving average is $10.53. 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 cap of $1.98 billion, a P/E ratio of 34.43 and a beta of 1.19.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $112.60 million during the quarter, compared to analysts' expectations of $110.66 million. WisdomTree had a net margin of 16.25% and a return on equity of 25.17%. The business's revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 EPS. As a group, analysts predict 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, August 27th. Investors of record on Wednesday, August 13th were given a $0.03 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.9%. WisdomTree's dividend payout ratio (DPR) is presently 30.77%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WT. The Goldman Sachs Group raised WisdomTree from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $9.50 to $11.90 in a research report on Friday, June 27th. Craig Hallum reiterated a "buy" rating on shares of WisdomTree in a report on Monday, August 4th. Northcoast Research raised shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 target price for the company in a research report on Wednesday, July 2nd. Oppenheimer lifted their price target on shares of WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Morgan Stanley boosted their price target on shares of WisdomTree from $11.50 to $12.50 and gave the stock an "equal weight" rating in a research report on Monday, August 18th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.56.

Insider Buying and Selling

In other news, COO R Jarrett Lilien sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $13.33, for a total value of $333,250.00. Following the completion of the transaction, the chief operating officer directly owned 1,048,638 shares in the company, valued at approximately $13,978,344.54. The trade was 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 currently owned by corporate insiders.

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.