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

James Investment Research Inc. reduced its stake in WisdomTree, Inc. (NYSE:WT - Free Report) by 25.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 64,206 shares of the company's stock after selling 22,240 shares during the period. James Investment Research Inc.'s holdings in WisdomTree were worth $573,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA grew its holdings in shares of WisdomTree by 0.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,698,844 shares of the company's stock valued at $32,994,000 after purchasing an additional 13,746 shares in the last quarter. Millennium Management LLC lifted its position in WisdomTree by 532.6% during the fourth quarter. Millennium Management LLC now owns 2,031,534 shares of the company's stock valued at $21,331,000 after purchasing an additional 1,710,409 shares during the last quarter. Two Sigma Investments LP lifted its position in WisdomTree by 10.5% during the fourth quarter. Two Sigma Investments LP now owns 1,500,371 shares of the company's stock valued at $15,754,000 after purchasing an additional 142,226 shares during the last quarter. Northern Trust Corp grew its stake in shares of WisdomTree by 1.1% in the 4th quarter. Northern Trust Corp now owns 1,440,197 shares of the company's stock worth $15,122,000 after buying an additional 15,489 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of WisdomTree by 10.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,310,899 shares of the company's stock worth $13,764,000 after buying an additional 119,762 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

WisdomTree Trading Up 0.8%

Shares of NYSE WT opened at $12.67 on Thursday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.79 and a current ratio of 3.83. The business's 50 day moving average price is $10.56 and its 200-day moving average price is $9.61. WisdomTree, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $12.84. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 36.19 and a beta of 1.14.

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

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.95%. WisdomTree's payout ratio is 34.29%.

Wall Street Analyst Weigh In

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

WisdomTree Company 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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