Voloridge Investment Management LLC Grows Position in WisdomTree, Inc. (NYSE:WT)

Voloridge Investment Management LLC grew its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 25.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,194,288 shares of the company's stock after acquiring an additional 243,589 shares during the quarter. Voloridge Investment Management LLC owned 0.82% of WisdomTree worth $12,540,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in WT. Millennium Management LLC increased its position in WisdomTree by 532.6% during the 4th 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 period. Two Sigma Investments LP boosted its stake in shares of WisdomTree by 10.5% during the fourth quarter. Two Sigma Investments LP now owns 1,500,371 shares of the company's stock valued at $15,754,000 after purchasing an additional 142,226 shares in the last quarter. Northern Trust Corp boosted its stake in shares of WisdomTree by 1.1% during the fourth quarter. Northern Trust Corp now owns 1,440,197 shares of the company's stock valued at $15,122,000 after purchasing an additional 15,489 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of WisdomTree by 10.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,310,899 shares of the company's stock valued at $13,764,000 after purchasing an additional 119,762 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of WisdomTree by 139.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,270,963 shares of the company's stock valued at $13,345,000 after purchasing an additional 741,134 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company's stock.

WisdomTree Stock Down 0.8%

Shares of NYSE:WT traded down $0.08 during mid-day trading on Thursday, hitting $9.45. 116,192 shares of the company traded hands, compared to its average volume of 1,558,287. The stock has a market cap of $1.39 billion, a P/E ratio of 30.44 and a beta of 1.07. 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, Inc. has a 12-month low of $7.47 and a 12-month high of $12.45. The stock has a 50-day moving average price of $8.88 and a two-hundred day moving average price of $9.70.

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

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.27%. The ex-dividend date was Wednesday, May 14th. WisdomTree's dividend payout ratio (DPR) is currently 34.29%.

Analysts Set New Price Targets

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

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.