HighTower Advisors LLC Invests $466,000 in WisdomTree, Inc. $WT

Key Points

• HighTower Advisors LLC has invested approximately $466,000 in WisdomTree, Inc. by purchasing 52,280 shares in the first quarter of the year.
• WisdomTree recently reported earnings of $0.18 per share, meeting analysts' expectations, while achieving revenues of $112.60 million for the quarter, reflecting a year-over-year increase of 5.2%.
• The company declared a quarterly dividend of $0.03 per share, translating to an annualized dividend yield of 0.9%, with a payout ratio of 30.77%.

HighTower Advisors LLC purchased a new stake in shares of WisdomTree, Inc. (NYSE:WT - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 52,280 shares of the company's stock, valued at approximately $466,000.

Other institutional investors also recently bought and sold shares of the company. Quarry LP raised its position in WisdomTree by 1,778.5% during the fourth quarter. Quarry LP now owns 2,799 shares of the company's stock valued at $29,000 after acquiring an additional 2,650 shares in the last quarter. Byrne Asset Management LLC raised its position in WisdomTree by 114.0% during the first 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 raised its position in WisdomTree by 310.5% during the first quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock valued at $47,000 after acquiring an additional 3,981 shares in the last quarter. Personal CFO Solutions LLC purchased a new position in WisdomTree during the first quarter valued at approximately $111,000. Finally, PharVision Advisers LLC purchased a new position in WisdomTree during the fourth quarter valued at approximately $124,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree Stock Performance

Shares of NYSE:WT opened at $13.63 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.44 and a quick ratio of 1.04. The business's 50 day moving average price is $12.80 and its 200-day moving average price is $10.38. The firm has a market capitalization of $2.00 billion, a PE ratio of 34.94 and a beta of 1.16. WisdomTree, Inc. has a 1 year low of $7.47 and a 1 year high of $13.79.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.18. The firm had revenue of $112.60 million for the quarter, compared to analyst estimates of $110.66 million. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.The business's revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. As a group, equities research analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.9%. WisdomTree's payout ratio is currently 30.77%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on WT shares. Morgan Stanley lifted their price target on WisdomTree from $11.50 to $12.50 and gave the company an "equal weight" rating in a research report on Monday, August 18th. Craig Hallum reiterated a "buy" rating on shares of WisdomTree in a research report on Monday, August 4th. Oppenheimer boosted their price objective on WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Northcoast Research upgraded WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price objective for the company in a research report on Wednesday, July 2nd. Finally, The Goldman Sachs Group upgraded WisdomTree from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $9.50 to $11.90 in a research report on Friday, June 27th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, WisdomTree has a consensus rating of "Moderate Buy" and a consensus price target of $13.15.

Insider Activity

In other news, COO R Jarrett Lilien sold 12,500 shares of WisdomTree stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $13.21, for a total value of $165,125.00. Following the sale, the chief operating officer directly owned 1,036,138 shares of the company's stock, valued at $13,687,382.98. The trade was a 1.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 9.30% of the stock is 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.

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