WisdomTree, Inc. $WT Shares Sold 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 lowered its position in WisdomTree, Inc. (NYSE:WT - Free Report) by 80.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,118 shares of the company's stock after selling 207,405 shares during the period. Trexquant Investment LP's holdings in WisdomTree were worth $447,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in WT. Byrne Asset Management LLC lifted its position in WisdomTree by 114.0% in the first quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock valued at $34,000 after purchasing an additional 2,052 shares during the period. Versant Capital Management Inc increased its holdings in WisdomTree by 310.5% in the first quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock valued at $47,000 after buying an additional 3,981 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in WisdomTree by 758.2% in the first quarter. Russell Investments Group Ltd. now owns 6,986 shares of the company's stock valued at $62,000 after buying an additional 6,172 shares in the last quarter. Ieq Capital LLC purchased a new position in WisdomTree in the first quarter valued at about $94,000. Finally, Personal CFO Solutions LLC purchased a new position in WisdomTree in the first quarter valued at about $111,000. Institutional investors and hedge funds own 78.64% of the company's stock.

WisdomTree Stock Up 1.5%

Shares of NYSE:WT traded up $0.22 during midday trading on Friday, hitting $14.33. 2,014,352 shares of the company's stock traded hands, compared to its average volume of 3,306,834. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.44. The company has a market cap of $2.11 billion, a PE ratio of 36.73 and a beta of 1.19. The firm's fifty day moving average price is $13.24 and its two-hundred day moving average price is $10.68. WisdomTree, Inc. has a twelve month low of $7.47 and a twelve month high of $14.37.

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

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.12 annualized dividend and a yield of 0.8%. WisdomTree's payout ratio is 30.77%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Craig Hallum reaffirmed a "buy" rating on shares of WisdomTree in a report on Monday, August 4th. Morgan Stanley increased their target price 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. Northland Securities set a $16.00 target price on shares of WisdomTree in a report on Wednesday, September 3rd. The Goldman Sachs Group raised shares of WisdomTree from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $9.50 to $11.90 in a research note on Friday, June 27th. Finally, Oppenheimer raised their price objective on shares of WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.56.

Insider Buying and Selling at WisdomTree

In other news, COO R Jarrett Lilien sold 12,500 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $13.21, for a total value of $165,125.00. Following the completion of the sale, the chief operating officer owned 1,036,138 shares of the company's stock, valued at approximately $13,687,382.98. The trade was a 1.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.