Capital Management Corp VA Increases Position in WisdomTree, Inc. (NYSE:WT)

Capital Management Corp VA grew its holdings in WisdomTree, Inc. (NYSE:WT - Free Report) by 757.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 190,370 shares of the company's stock after purchasing an additional 168,170 shares during the quarter. Capital Management Corp VA owned about 0.13% of WisdomTree worth $1,698,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Massachusetts Financial Services Co. MA increased its holdings in WisdomTree by 0.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,698,844 shares of the company's stock valued at $32,994,000 after purchasing an additional 13,746 shares during the last quarter. Millennium Management LLC boosted its stake in WisdomTree by 532.6% in the 4th quarter. Millennium Management LLC now owns 2,031,534 shares of the company's stock worth $21,331,000 after purchasing an additional 1,710,409 shares during the period. Two Sigma Investments LP boosted its stake in WisdomTree by 10.5% in the 4th quarter. Two Sigma Investments LP now owns 1,500,371 shares of the company's stock worth $15,754,000 after purchasing an additional 142,226 shares during the period. Northern Trust Corp boosted its stake in WisdomTree by 1.1% in the 4th quarter. Northern Trust Corp now owns 1,440,197 shares of the company's stock worth $15,122,000 after purchasing an additional 15,489 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position 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 worth $13,764,000 after buying an additional 119,762 shares during the period. Institutional investors own 78.64% of the company's stock.

WisdomTree Price Performance

WT stock traded up $0.12 during mid-day trading on Monday, hitting $13.07. The company had a trading volume of 659,458 shares, compared to its average volume of 1,837,515. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 37.33 and a beta of 1.14. WisdomTree, Inc. has a 12-month low of $7.47 and a 12-month high of $13.10. The company has a quick ratio of 2.79, a current ratio of 3.83 and a debt-to-equity ratio of 1.23. The company has a 50-day moving average price of $10.70 and a 200 day moving average price of $9.64.

WisdomTree (NYSE:WT - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, hitting analysts' consensus estimates of $0.16. The firm had revenue of $108.08 million for the quarter, compared to the consensus estimate of $108.47 million. WisdomTree had a net margin of 15.77% and a return on equity of 25.46%. The business's quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 EPS. On average, research analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were given a $0.03 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.92%. WisdomTree's payout ratio is presently 34.29%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WT shares. The Goldman Sachs Group raised WisdomTree from a "sell" rating to a "neutral" rating and raised their price objective for the company from $9.50 to $11.90 in a research report on Friday, June 27th. Morgan Stanley boosted their price objective on shares of WisdomTree from $9.75 to $11.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd. Finally, Northcoast Research raised shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price objective on the stock in a research note on Wednesday, July 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, WisdomTree has a consensus rating of "Moderate Buy" and a consensus price target of $12.99.

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.