WisdomTree, Inc. $WT Stock Position Lessened by Trexquant Investment LP

Key Points

• Trexquant Investment LP significantly reduced its holdings in WisdomTree, Inc. by 80.5%, selling 207,405 shares in Q1 and retaining 50,118 shares valued at $447,000.
• Several institutional investors made adjustments to their positions in WisdomTree, with notable increases in holdings from AlphaQuest LLC (up 133.4%) and OMERS ADMINISTRATION Corp (new stake of $529,000).
• WisdomTree reported a net margin of 16.25% and earnings per share (EPS) of $0.18 for the most recent quarter, consistent with analyst estimates, while also announcing a quarterly dividend of $0.03 per share.

Trexquant Investment LP decreased its holdings in WisdomTree, Inc. (NYSE:WT - Free Report) by 80.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,118 shares of the company's stock after selling 207,405 shares during the quarter. Trexquant Investment LP's holdings in WisdomTree were worth $447,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. OMERS ADMINISTRATION Corp acquired a new stake in shares of WisdomTree in the first quarter valued at $529,000. Ieq Capital LLC acquired a new stake in shares of WisdomTree in the first quarter valued at $94,000. Freedom Investment Management Inc. lifted its holdings in shares of WisdomTree by 13.9% in the first quarter. Freedom Investment Management Inc. now owns 18,043 shares of the company's stock valued at $161,000 after buying an additional 2,204 shares during the period. AlphaQuest LLC lifted its holdings in shares of WisdomTree by 133.4% in the first quarter. AlphaQuest LLC now owns 188,765 shares of the company's stock valued at $1,684,000 after buying an additional 107,900 shares during the period. Finally, Algert Global LLC lifted its holdings in shares of WisdomTree by 44.3% in the first quarter. Algert Global LLC now owns 92,233 shares of the company's stock valued at $823,000 after buying an additional 28,310 shares during the period. Institutional investors own 78.64% of the company's stock.

WisdomTree Stock Up 1.2%

WT stock opened at $13.59 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 0.82. WisdomTree, Inc. has a 1 year low of $7.47 and a 1 year high of $14.07. The company has a fifty day simple moving average of $13.11 and a 200 day simple moving average of $10.56. The firm has a market cap of $2.00 billion, a PE ratio of 34.85 and a beta of 1.19.

WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, meeting 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 quarter in the previous year, the business earned $0.16 EPS. WisdomTree's quarterly revenue was up 5.2% compared to the same quarter last year. Sell-side analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

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

Analyst Ratings Changes

WT has been the subject of several analyst reports. Morgan Stanley upped their target price on WisdomTree from $11.50 to $12.50 and gave the company an "equal weight" rating in a report on Monday, August 18th. Craig Hallum reaffirmed a "buy" rating on shares of WisdomTree in a report on Monday, August 4th. Oppenheimer upped their target price on WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Northcoast Research raised 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. Finally, Northland Securities set a $16.00 price objective on WisdomTree in a research note on Wednesday, September 3rd. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $13.56.

Insider Activity at WisdomTree

In other news, COO R Jarrett Lilien sold 25,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $13.33, for a total transaction of $333,250.00. Following the transaction, the chief operating officer 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 9.30% of the company's stock.

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.

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