Capital Management Corp VA Buys 168,170 Shares of WisdomTree, Inc. (NYSE:WT)

Capital Management Corp VA lifted its holdings in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 757.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 190,370 shares of the company's stock after acquiring an additional 168,170 shares during the quarter. Capital Management Corp VA owned 0.13% of WisdomTree worth $1,698,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of WT. Millennium Management LLC increased its position in WisdomTree by 532.6% in 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 position in WisdomTree by 139.9% in 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 position in WisdomTree by 127.2% in 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 position in WisdomTree by 358.8% in 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 position in WisdomTree by 157.4% in 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. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Price Performance

WT stock remained flat at $12.93 during mid-day trading on Friday. The company's stock had a trading volume of 1,917,930 shares, compared to its average volume of 1,759,285. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.83 and a quick ratio of 2.79. The firm's 50 day simple moving average is $10.70 and its two-hundred day simple moving average is $9.64. WisdomTree, Inc. has a 52-week low of $7.47 and a 52-week high of $13.04. The company has a market cap of $1.90 billion, a PE ratio of 36.94 and a beta of 1.14.

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

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Wednesday, May 14th. WisdomTree's dividend payout ratio (DPR) is presently 34.29%.

Analyst Ratings Changes

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

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.