Kornitzer Capital Management Inc. KS Buys 53,000 Shares of WisdomTree, Inc. (NYSE:WT)

Kornitzer Capital Management Inc. KS grew its position in WisdomTree, Inc. (NYSE:WT - Free Report) by 5.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 970,830 shares of the company's stock after acquiring an additional 53,000 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.66% of WisdomTree worth $8,660,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP lifted its position in WisdomTree by 1,778.5% in the 4th 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 last quarter. Byrne Asset Management LLC increased its stake in shares of WisdomTree by 114.0% in the first quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock valued at $34,000 after purchasing an additional 2,052 shares during the period. Federated Hermes Inc. raised its holdings in shares of WisdomTree by 60.7% during the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock valued at $49,000 after buying an additional 1,777 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of WisdomTree by 310.5% during the first quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock worth $47,000 after buying an additional 3,981 shares during the period. Finally, Xponance Inc. acquired a new position in shares of WisdomTree during the fourth quarter worth approximately $105,000. 78.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Northcoast Research upgraded WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price target for the company in a research report on Wednesday, July 2nd. Morgan Stanley upped their price objective on shares of WisdomTree from $9.75 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 2nd. Finally, The Goldman Sachs Group raised shares of WisdomTree from a "sell" rating to a "neutral" rating and raised their target price for the company from $9.50 to $11.90 in a research note 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $12.99.

WisdomTree Stock Performance

Shares of WisdomTree stock traded up $0.11 on Wednesday, reaching $12.67. The stock had a trading volume of 2,211,066 shares, compared to its average volume of 1,745,075. 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 $10.49 and its two-hundred day moving average price is $9.59. The stock has a market cap of $1.86 billion, a P/E ratio of 36.19 and a beta of 1.14. WisdomTree, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $12.84.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $108.08 million for the quarter, compared to the consensus estimate of $108.47 million. WisdomTree had a return on equity of 25.46% and a net margin of 15.77%. The company's revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 EPS. On average, sell-side analysts forecast 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. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.95%. WisdomTree's dividend payout ratio is currently 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.