Squarepoint Ops LLC Buys 316,223 Shares of WisdomTree, Inc. (NYSE:WT)

Squarepoint Ops LLC grew its stake in WisdomTree, Inc. (NYSE:WT - Free Report) by 105.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 617,476 shares of the company's stock after buying an additional 316,223 shares during the period. Squarepoint Ops LLC owned approximately 0.42% of WisdomTree worth $6,483,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Truist Financial Corp grew its stake in WisdomTree by 142.9% in the 4th quarter. Truist Financial Corp now owns 73,579 shares of the company's stock worth $773,000 after buying an additional 43,293 shares in the last quarter. Barclays PLC grew its stake in WisdomTree by 201.3% in the 3rd quarter. Barclays PLC now owns 268,668 shares of the company's stock worth $2,684,000 after buying an additional 179,493 shares in the last quarter. Gabelli Funds LLC boosted its stake in shares of WisdomTree by 448.6% in the 4th quarter. Gabelli Funds LLC now owns 109,717 shares of the company's stock valued at $1,152,000 after purchasing an additional 89,717 shares in the last quarter. Caas Capital Management LP boosted its stake in shares of WisdomTree by 73.8% in the 4th quarter. Caas Capital Management LP now owns 129,184 shares of the company's stock valued at $1,356,000 after purchasing an additional 54,863 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of WisdomTree by 146.1% in the 4th quarter. Principal Securities Inc. now owns 12,858 shares of the company's stock valued at $135,000 after purchasing an additional 7,633 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

Wall Street Analyst Weigh In

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

WisdomTree Trading Down 0.7%

Shares of WisdomTree stock traded down $0.07 during trading on Friday, reaching $9.45. The company's stock had a trading volume of 158,498 shares, compared to its average volume of 1,558,607. WisdomTree, Inc. has a 52-week low of $7.47 and a 52-week high of $12.45. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 30.47 and a beta of 1.07. The firm's 50-day moving average is $8.88 and its two-hundred day moving average is $9.69. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28.

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

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders 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 annualized dividend and a yield of 1.27%. WisdomTree's payout ratio is currently 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.