Quantbot Technologies LP Lowers Holdings in WisdomTree, Inc. $WT

Key Points

• Quantbot Technologies LP reduced its stake in WisdomTree, Inc. by 55.3% in Q1, now holding approximately 0.08% of the company, valued at $1.05 million.
• Several institutional investors increased their holdings in WisdomTree significantly, with Quarry LP growing its stake by 1,778.5% in the previous quarter.
• WisdomTree announced a quarterly dividend of $0.03 per share, representing a 0.9% yield and a payout ratio of 30.77%.

Quantbot Technologies LP trimmed its position in WisdomTree, Inc. (NYSE:WT - Free Report) by 55.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,695 shares of the company's stock after selling 145,761 shares during the period. Quantbot Technologies LP owned approximately 0.08% of WisdomTree worth $1,050,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC grew its position in WisdomTree by 2.8% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 42,908 shares of the company's stock valued at $383,000 after buying an additional 1,155 shares during the last quarter. Bank of Montreal Can lifted its holdings in WisdomTree by 11.6% in the fourth quarter. Bank of Montreal Can now owns 18,702 shares of the company's stock valued at $196,000 after acquiring an additional 1,951 shares during the period. Byrne Asset Management LLC lifted its holdings in 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 acquiring an additional 2,052 shares during the period. Quarry LP lifted its holdings in 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 acquiring an additional 2,650 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in WisdomTree by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,343 shares of the company's stock valued at $833,000 after acquiring an additional 2,709 shares during the period. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WT has been the subject of a number of recent analyst reports. Northcoast Research raised 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. Morgan Stanley raised their target price on WisdomTree from $11.50 to $12.50 and gave the company an "equal weight" rating in a report on Monday, August 18th. Oppenheimer raised their target price on WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Craig Hallum reissued a "buy" rating on shares of WisdomTree in a report on Monday, August 4th. Finally, The Goldman Sachs Group raised 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 report on Friday, June 27th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, WisdomTree currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.15.

Insider Buying and Selling

In related news, COO R Jarrett Lilien sold 12,500 shares of WisdomTree stock in a transaction dated Tuesday, August 26th. The stock was 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 owned 1,036,138 shares in the company, valued at approximately $13,687,382.98. This trade represents a 1.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 9.30% of the company's stock.

WisdomTree Price Performance

WisdomTree stock traded down $0.04 during midday trading on Friday, reaching $13.63. 1,509,674 shares of the company were exchanged, compared to its average volume of 4,375,572. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 34.94 and a beta of 1.16. The firm's 50-day simple moving average is $12.80 and its 200-day simple moving average is $10.38. WisdomTree, Inc. has a 1 year low of $7.47 and a 1 year high of $13.79. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.44.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.18 EPS for the quarter, hitting analysts' consensus estimates of $0.18. The firm had revenue of $112.60 million during the quarter, compared to analysts' expectations of $110.66 million. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.The firm's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 EPS. On average, analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, August 13th. WisdomTree's dividend payout ratio (DPR) is currently 30.77%.

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.