Caitlin John LLC Has $622,000 Stake in WisdomTree, Inc. $WT

Key Points

• Caitlin John LLC reduced its holdings in WisdomTree, Inc. by 60.4% to 69,708 shares after selling 106,344 shares in the first quarter, with a total value of approximately $622,000.
• Institutional investors like Quarry LP and Russell Investments Group Ltd. significantly increased their stakes in WisdomTree, contributing to a total of 78.64% institutional ownership in the company.
• WisdomTree declared a quarterly dividend of $0.03 per share, yielding 0.9%, with the ex-dividend date on August 13, and the company reported revenue growth of 5.2% year-over-year for its last quarter.

Caitlin John LLC lessened its stake in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 60.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,708 shares of the company's stock after selling 106,344 shares during the quarter. Caitlin John LLC's holdings in WisdomTree were worth $622,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. raised its stake in WisdomTree by 39.2% during the first quarter. Envestnet Asset Management Inc. now owns 808,352 shares of the company's stock worth $7,210,000 after acquiring an additional 227,626 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of WisdomTree in the 1st quarter worth about $197,000. Bank of America Corp DE increased its position in shares of WisdomTree by 93.8% during the 4th quarter. Bank of America Corp DE now owns 313,859 shares of the company's stock worth $3,296,000 after purchasing an additional 151,926 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in WisdomTree by 10.9% during the 4th quarter. Ameriprise Financial Inc. now owns 353,250 shares of the company's stock valued at $3,709,000 after purchasing an additional 34,670 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in WisdomTree by 5.0% in the first quarter. Oppenheimer & Co. Inc. now owns 70,050 shares of the company's stock valued at $625,000 after buying an additional 3,359 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company's stock.

WisdomTree Trading Up 0.4%

WT traded up $0.06 during mid-day trading on Wednesday, hitting $13.45. The stock had a trading volume of 5,781,003 shares, compared to its average volume of 2,188,534. The stock's fifty day simple moving average is $12.60 and its 200-day simple moving average is $10.30. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 34.48 and a beta of 1.16. WisdomTree, Inc. has a 1-year low of $7.47 and a 1-year high of $13.79. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.44 and a quick ratio of 1.04.

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

WisdomTree Dividend Announcement

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

Insider Activity

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

Analyst Ratings Changes

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

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.