54,479 Shares in WisdomTree, Inc. (NYSE:WT) Purchased by Twinbeech Capital LP

Twinbeech Capital LP acquired a new position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 54,479 shares of the company's stock, valued at approximately $572,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC increased its holdings in WisdomTree by 532.6% during the fourth quarter. Millennium Management LLC now owns 2,031,534 shares of the company's stock worth $21,331,000 after buying an additional 1,710,409 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in WisdomTree by 139.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,270,963 shares of the company's stock worth $13,345,000 after buying an additional 741,134 shares during the last quarter. ExodusPoint Capital Management LP increased its holdings in WisdomTree by 127.2% during the fourth quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company's stock worth $12,211,000 after buying an additional 651,121 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in WisdomTree by 358.8% during the fourth quarter. BNP Paribas Financial Markets now owns 714,010 shares of the company's stock worth $7,497,000 after buying an additional 558,392 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in WisdomTree by 157.4% during the fourth quarter. JPMorgan Chase & Co. now owns 880,489 shares of the company's stock worth $9,245,000 after buying an additional 538,385 shares during the last quarter. Institutional investors own 78.64% of the company's stock.

WisdomTree Stock Performance

Shares of NYSE:WT traded down $0.19 on Wednesday, hitting $9.51. The company had a trading volume of 113,526 shares, compared to its average volume of 1,558,998. WisdomTree, Inc. has a 1-year low of $7.47 and a 1-year high of $12.45. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 30.66 and a beta of 1.07. The stock has a 50 day moving average price of $8.86 and a 200 day moving average price of $9.70. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28.

WisdomTree (NYSE:WT - Get Free Report) last announced its earnings results on Friday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. The company had revenue of $108.08 million during the quarter, compared to analysts' expectations of $108.47 million. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. WisdomTree's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 earnings per share. Analysts expect that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.12 annualized dividend and a yield of 1.26%. WisdomTree's dividend payout ratio is 34.29%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered their target price on shares of WisdomTree from $9.75 to $8.50 and set a "sell" rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $12.42.

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.