Y Intercept Hong Kong Ltd Trims Holdings in WisdomTree, Inc. (NYSE:WT)

Y Intercept Hong Kong Ltd reduced its holdings in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 70.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,427 shares of the company's stock after selling 65,842 shares during the period. Y Intercept Hong Kong Ltd's holdings in WisdomTree were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Quarry LP lifted its holdings in shares of WisdomTree by 1,778.5% during the fourth quarter. Quarry LP now owns 2,799 shares of the company's stock worth $29,000 after purchasing an additional 2,650 shares during the period. Byrne Asset Management LLC lifted its holdings in shares of WisdomTree by 114.0% during the first quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock worth $34,000 after purchasing an additional 2,052 shares during the period. Versant Capital Management Inc lifted its holdings in shares of WisdomTree by 310.5% during 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 period. Federated Hermes Inc. boosted 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 buying an additional 1,777 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in shares of WisdomTree in the fourth quarter worth about $108,000. 78.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on WT shares. The Goldman Sachs Group upgraded WisdomTree from a "sell" rating to a "neutral" rating and upped their target price for the stock from $9.50 to $11.90 in a research note on Friday, June 27th. Morgan Stanley upped their target price on WisdomTree from $9.75 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. Oppenheimer upped their target price on WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Northcoast Research upgraded WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 target price on the stock in a research note on Wednesday, July 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $12.90.

WisdomTree Price Performance

WT traded down $0.91 during trading on Friday, hitting $12.36. The company's stock had a trading volume of 6,047,595 shares, compared to its average volume of 2,505,980. The company has a current ratio of 3.83, a quick ratio of 2.79 and a debt-to-equity ratio of 1.23. WisdomTree, Inc. has a twelve month low of $7.47 and a twelve month high of $13.76. The business's fifty day simple moving average is $11.45 and its 200 day simple moving average is $9.89. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 31.69 and a beta of 1.16.

WisdomTree (NYSE:WT - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $112.60 million for the quarter, compared to the consensus estimate of $110.66 million. WisdomTree had a return on equity of 25.94% and a net margin of 16.25%. The business's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 earnings per share. On average, equities research analysts forecast that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, August 13th. WisdomTree's dividend payout ratio (DPR) is 30.77%.

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.