State of Wyoming Reduces Holdings in WisdomTree, Inc. $WT

Key Points

• The State of Wyoming sold 20,668 shares of WisdomTree, Inc., reducing its holdings by 79.6%, leaving it with only 5,312 shares valued at $47,000.
• Several institutional investors have increased their stakes in WisdomTree, notably strengthening positions in the fourth quarter, with Millennium Management raising its holdings by 532.6%.
• WisdomTree's stock has been upgraded by multiple analysts, with a new average price target of $13.56 and a consensus rating of "Moderate Buy."

State of Wyoming lowered its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 79.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,312 shares of the company's stock after selling 20,668 shares during the period. State of Wyoming's holdings in WisdomTree were worth $47,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC grew its stake in WisdomTree by 2.8% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 42,908 shares of the company's stock worth $383,000 after buying an additional 1,155 shares in the last quarter. Byrne Asset Management LLC grew its stake in WisdomTree by 114.0% in the 1st quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock worth $34,000 after buying an additional 2,052 shares in the last quarter. Freedom Investment Management Inc. grew its stake in WisdomTree by 13.9% in the 1st quarter. Freedom Investment Management Inc. now owns 18,043 shares of the company's stock worth $161,000 after buying an additional 2,204 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in WisdomTree by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,343 shares of the company's stock worth $833,000 after buying an additional 2,709 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in WisdomTree by 5.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 70,050 shares of the company's stock worth $625,000 after buying an additional 3,359 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

Insider Buying and Selling

In other news, COO R Jarrett Lilien sold 25,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $13.33, for a total value of $333,250.00. Following the completion of the sale, the chief operating officer directly owned 1,048,638 shares of the company's stock, valued at approximately $13,978,344.54. This trade represents a 2.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 9.30% of the company's stock.

WisdomTree Trading Down 3.0%

NYSE:WT traded down $0.42 during midday trading on Monday, reaching $13.91. 2,932,133 shares of the stock traded hands, compared to its average volume of 3,024,165. The company has a fifty day moving average of $13.27 and a 200 day moving average of $10.72. WisdomTree, Inc. has a 12 month low of $7.47 and a 12 month high of $14.40. 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 $2.05 billion, a P/E ratio of 35.66 and a beta of 1.19.

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

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were issued a $0.03 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $0.12 annualized dividend and a yield of 0.9%. WisdomTree's dividend payout ratio is 30.77%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Northland Securities set a $16.00 price target on shares of WisdomTree in a research note on Wednesday, September 3rd. Oppenheimer boosted their price objective on shares of WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Northcoast Research upgraded shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price objective for the company in a report on Wednesday, July 2nd. Craig Hallum restated a "buy" rating on shares of WisdomTree in a report on Monday, August 4th. Finally, The Goldman Sachs Group upgraded shares of WisdomTree from a "sell" rating to a "neutral" rating and boosted their price objective for the stock 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $13.56.

WisdomTree 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.