GAMMA Investing LLC Purchases 35,526 Shares of WisdomTree, Inc. (NYSE:WT)

GAMMA Investing LLC increased its position in WisdomTree, Inc. (NYSE:WT - Free Report) by 729.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 40,399 shares of the company's stock after acquiring an additional 35,526 shares during the quarter. GAMMA Investing LLC's holdings in WisdomTree were worth $360,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Millennium Management LLC grew its holdings in WisdomTree by 532.6% during the 4th quarter. Millennium Management LLC now owns 2,031,534 shares of the company's stock valued at $21,331,000 after buying an additional 1,710,409 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in WisdomTree by 139.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,270,963 shares of the company's stock valued at $13,345,000 after buying an additional 741,134 shares in the last quarter. ExodusPoint Capital Management LP grew its holdings in WisdomTree by 127.2% during the 4th quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company's stock valued at $12,211,000 after buying an additional 651,121 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in WisdomTree by 358.8% during the 4th quarter. BNP Paribas Financial Markets now owns 714,010 shares of the company's stock valued at $7,497,000 after buying an additional 558,392 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in WisdomTree by 157.4% during the 4th quarter. JPMorgan Chase & Co. now owns 880,489 shares of the company's stock valued at $9,245,000 after buying an additional 538,385 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lifted their target price on WisdomTree from $8.50 to $9.50 and gave the company a "sell" rating in a report on Thursday, June 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.58.

WisdomTree Price Performance

Shares of WT traded up $0.11 during trading hours on Friday, reaching $10.34. 2,349,024 shares of the company's stock traded hands, compared to its average volume of 1,606,653. The stock has a market cap of $1.52 billion, a PE ratio of 29.53 and a beta of 1.11. The company has a current ratio of 3.83, a quick ratio of 2.79 and a debt-to-equity ratio of 1.23. The firm's 50 day simple moving average is $9.36 and its 200-day simple moving average is $9.48. WisdomTree, Inc. has a 12 month low of $7.47 and a 12 month high of $12.45.

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, meeting analysts' consensus estimates of $0.16. The firm had revenue of $108.08 million during the quarter, compared to the consensus estimate of $108.47 million. WisdomTree had a return on equity of 25.46% and a net margin of 15.77%. The company's revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the company posted $0.12 EPS. Equities analysts expect that WisdomTree, Inc. will post 0.72 EPS 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 dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.16%. WisdomTree's dividend payout ratio (DPR) is presently 34.29%.

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.