James Investment Research Inc. Sells 22,240 Shares of WisdomTree, Inc. (NYSE:WT)

James Investment Research Inc. cut its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 25.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,206 shares of the company's stock after selling 22,240 shares during the quarter. James Investment Research Inc.'s holdings in WisdomTree were worth $573,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC grew its stake in shares of WisdomTree by 532.6% in the fourth quarter. Millennium Management LLC now owns 2,031,534 shares of the company's stock valued at $21,331,000 after buying an additional 1,710,409 shares in the last quarter. Nuveen Asset Management LLC grew its stake in shares of WisdomTree by 139.9% in the fourth quarter. Nuveen Asset Management LLC now owns 1,270,963 shares of the company's stock valued at $13,345,000 after buying an additional 741,134 shares in the last quarter. ExodusPoint Capital Management LP grew its stake in shares of WisdomTree by 127.2% in the fourth quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company's stock valued at $12,211,000 after buying an additional 651,121 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of WisdomTree by 358.8% in the fourth quarter. BNP Paribas Financial Markets now owns 714,010 shares of the company's stock valued at $7,497,000 after buying an additional 558,392 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of WisdomTree by 157.4% in the fourth quarter. JPMorgan Chase & Co. now owns 880,489 shares of the company's stock valued at $9,245,000 after buying an additional 538,385 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

WisdomTree Stock Performance

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

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

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders 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 dividend yield of 0.93%. WisdomTree's dividend payout ratio (DPR) is presently 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.