WisdomTree, Inc. $WT is Azora Capital LP's 6th Largest Position

Key Points

• Azora Capital LP has reduced its holdings in WisdomTree, Inc. by 14.2%, now owning approximately 9.07 million shares, making up about 5.5% of its total assets.
• WisdomTree announced a quarterly dividend of $0.03 per share, paid on August 27th, representing a 0.9% yield with a payout ratio of 30.77%.
• In its latest earnings report, WisdomTree posted an EPS of $0.18 and revenue of $112.60 million, exceeding analyst expectations and showing a year-over-year revenue increase of 5.2%.

Azora Capital LP decreased its holdings in WisdomTree, Inc. (NYSE:WT - Free Report) by 14.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,069,642 shares of the company's stock after selling 1,506,982 shares during the period. WisdomTree makes up about 5.5% of Azora Capital LP's holdings, making the stock its 6th biggest holding. Azora Capital LP owned approximately 6.17% of WisdomTree worth $80,901,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WT. Simcoe Capital Management LLC purchased a new stake in shares of WisdomTree in the 1st quarter valued at $35,582,000. Nuveen LLC purchased a new stake in shares of WisdomTree in the 1st quarter valued at $17,003,000. Millennium Management LLC boosted its stake in shares of WisdomTree by 532.6% in the 4th quarter. Millennium Management LLC now owns 2,031,534 shares of the company's stock valued at $21,331,000 after purchasing an additional 1,710,409 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of WisdomTree by 139.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,270,963 shares of the company's stock valued at $13,345,000 after purchasing an additional 741,134 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of WisdomTree by 358.8% in the 4th quarter. BNP Paribas Financial Markets now owns 714,010 shares of the company's stock valued at $7,497,000 after purchasing an additional 558,392 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

WisdomTree Trading Up 1.3%

NYSE:WT opened at $13.68 on Friday. The company has a fifty day moving average of $12.74 and a 200 day moving average of $10.35. WisdomTree, Inc. has a 52 week low of $7.47 and a 52 week high of $13.79. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $2.01 billion, a P/E ratio of 35.08 and a beta of 1.16.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. WisdomTree had a net margin of 16.25% and a return on equity of 25.17%. The business had revenue of $112.60 million during the quarter, compared to analyst estimates of $110.66 million. During the same period in the prior year, the business earned $0.16 EPS. The company's revenue for the quarter was up 5.2% on a year-over-year basis. On average, research analysts predict that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were issued a $0.03 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $0.12 annualized dividend and a yield of 0.9%. WisdomTree's dividend payout ratio is 30.77%.

Insider Buying and Selling

In other WisdomTree news, COO R Jarrett Lilien sold 25,000 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $13.33, for a total value of $333,250.00. Following the completion of the transaction, the chief operating officer directly owned 1,048,638 shares in the company, valued at approximately $13,978,344.54. This represents a 2.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 9.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on WT shares. Northcoast Research raised shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price objective for the company in a research note on Wednesday, July 2nd. Oppenheimer upped their price target on shares of WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. The Goldman Sachs Group upgraded shares of WisdomTree from a "sell" rating to a "neutral" rating and upped their price target for the company from $9.50 to $11.90 in a report on Friday, June 27th. Craig Hallum reiterated a "buy" rating on shares of WisdomTree in a report on Monday, August 4th. Finally, Morgan Stanley upped their price target on shares of WisdomTree from $11.50 to $12.50 and gave the company an "equal weight" rating in a report on Monday, August 18th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $13.15.

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.

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