Millennium Management LLC Increases Stake in WisdomTree, Inc. $WT

Key Points

• Millennium Management LLC has increased its stake in WisdomTree, Inc. by 110.0%, owning approximately 4.27 million shares valued at $38.06 million.
• Several institutional investors have also boosted their holdings in WisdomTree, contributing to institutional ownership reaching 78.64% of the company's stock.
• WisdomTree reported a quarterly earnings per share (EPS) of $0.18, meeting expectations, and declared a quarterly dividend of $0.03 per share with a yield of 0.9%.

Millennium Management LLC raised its stake in WisdomTree, Inc. (NYSE:WT - Free Report) by 110.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,266,947 shares of the company's stock after acquiring an additional 2,235,413 shares during the quarter. Millennium Management LLC owned approximately 2.90% of WisdomTree worth $38,061,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WT. Sheaff Brock Investment Advisors LLC increased its holdings in shares of WisdomTree by 2.8% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 42,908 shares of the company's stock valued at $383,000 after purchasing an additional 1,155 shares in the last quarter. Byrne Asset Management LLC grew 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 buying an additional 2,052 shares during the period. Freedom Investment Management Inc. increased its holdings in WisdomTree by 13.9% in the first quarter. Freedom Investment Management Inc. now owns 18,043 shares of the company's stock valued at $161,000 after buying an additional 2,204 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of WisdomTree by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,343 shares of the company's stock worth $833,000 after acquiring an additional 2,709 shares during the period. Finally, Quarry LP boosted its stake in shares of WisdomTree by 112.4% during the 1st quarter. Quarry LP now owns 5,944 shares of the company's stock worth $53,000 after acquiring an additional 3,145 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company's stock.

Insider Activity

In related news, COO R Jarrett Lilien sold 12,500 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $13.21, for a total transaction of $165,125.00. Following the completion of the sale, the chief operating officer directly owned 1,036,138 shares in the company, valued at approximately $13,687,382.98. This trade represents a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 9.30% of the company's stock.

WisdomTree Stock Up 0.3%

Shares of WT opened at $13.64 on Wednesday. The stock has a 50 day moving average price of $13.15 and a 200 day moving average price of $10.58. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.44. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 34.98 and a beta of 1.19. WisdomTree, Inc. has a one year low of $7.47 and a one year high of $14.07.

WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $112.60 million during the quarter, compared to analysts' expectations of $110.66 million. WisdomTree had a net margin of 16.25% and a return on equity of 25.17%. WisdomTree's revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 EPS. Equities research analysts forecast that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WT. Craig Hallum restated a "buy" rating on shares of WisdomTree in a research report on Monday, August 4th. Northcoast Research raised WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price objective on the stock in a report on Wednesday, July 2nd. Oppenheimer upped their target price on WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. The Goldman Sachs Group upgraded WisdomTree from a "sell" rating to a "neutral" rating and increased their target price for the company from $9.50 to $11.90 in a research report on Friday, June 27th. Finally, Northland Securities set a $16.00 price target on shares of WisdomTree in a report on Wednesday, September 3rd. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.56.

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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