Kornitzer Capital Management Inc. KS Has $8.66 Million Position in WisdomTree, Inc. (NYSE:WT)

Kornitzer Capital Management Inc. KS lifted its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 5.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 970,830 shares of the company's stock after acquiring an additional 53,000 shares during the period. Kornitzer Capital Management Inc. KS owned 0.66% of WisdomTree worth $8,660,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quarry LP raised its position 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 purchasing an additional 2,650 shares during the period. Byrne Asset Management LLC raised its holdings in WisdomTree by 114.0% during the 1st quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock worth $34,000 after purchasing an additional 2,052 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of WisdomTree by 310.5% in the 1st 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 during the last quarter. Federated Hermes Inc. increased its stake in WisdomTree by 60.7% during the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock worth $49,000 after purchasing an additional 1,777 shares in the last quarter. Finally, Xponance Inc. acquired a new position in WisdomTree during the 4th quarter worth approximately $105,000. Institutional investors own 78.64% of the company's stock.

WisdomTree Price Performance

WisdomTree stock remained flat at $12.93 during midday trading on Friday. 1,917,930 shares of the company traded hands, compared to its average volume of 1,759,287. The company has a 50-day simple moving average of $10.70 and a 200 day simple moving average of $9.64. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 36.94 and a beta of 1.14. WisdomTree, Inc. has a 12-month low of $7.47 and a 12-month high of $13.06. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.79 and a current ratio of 3.83.

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

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Wednesday, May 14th. WisdomTree's dividend payout ratio is 34.29%.

Wall Street Analysts Forecast Growth

WT has been the topic of a number of research analyst reports. Northcoast Research upgraded WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 target price on the stock in a research note on Wednesday, July 2nd. Morgan Stanley raised their price target on WisdomTree from $9.75 to $11.00 and gave the stock an "equal weight" rating in a research note 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, WisdomTree presently has an average rating of "Moderate Buy" and an average price target of $12.99.

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.