GAMMA Investing LLC Boosts Position in WisdomTree, Inc. (NYSE:WT)

GAMMA Investing LLC lifted its holdings in WisdomTree, Inc. (NYSE:WT - Free Report) by 729.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,399 shares of the company's stock after purchasing 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.

Several other institutional investors have also added to or reduced their stakes in WT. Quarry LP raised its stake in WisdomTree by 1,778.5% in the 4th quarter. Quarry LP now owns 2,799 shares of the company's stock worth $29,000 after acquiring an additional 2,650 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of WisdomTree by 173.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock valued at $39,000 after purchasing an additional 2,405 shares during the period. Versant Capital Management Inc raised its stake in shares of WisdomTree by 310.5% in the first quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock worth $47,000 after purchasing an additional 3,981 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of WisdomTree by 60.7% in the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock worth $49,000 after purchasing an additional 1,777 shares during the last quarter. Finally, Xponance Inc. acquired a new stake in shares of WisdomTree during the fourth quarter worth about $105,000. Institutional investors and hedge funds own 78.64% of the company's stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group increased their price target on WisdomTree from $8.50 to $9.50 and gave the stock a "sell" rating in a research report on Thursday, June 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $12.58.

WisdomTree Price Performance

Shares of WT traded up $0.25 during mid-day trading on Tuesday, hitting $10.66. 3,118,923 shares of the company were exchanged, compared to its average volume of 1,612,560. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.79 and a current ratio of 3.83. 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 $1.57 billion, a price-to-earnings ratio of 30.46 and a beta of 1.11. The company has a 50 day moving average of $9.40 and a 200-day moving average of $9.46.

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 analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $108.47 million. During the same period in the previous year, the company posted $0.12 earnings per share. The business's revenue was up 11.7% on a year-over-year basis. Analysts expect that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Wednesday, May 14th. WisdomTree's dividend payout ratio is currently 34.29%.

WisdomTree 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.