Nebula Research & Development LLC increased its stake in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 331.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,993 shares of the company's stock after purchasing an additional 50,713 shares during the period. Nebula Research & Development LLC's holdings in WisdomTree were worth $693,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of WT. Barclays PLC grew its holdings in shares of WisdomTree by 201.3% during the third quarter. Barclays PLC now owns 268,668 shares of the company's stock worth $2,684,000 after buying an additional 179,493 shares in the last quarter. Franklin Resources Inc. acquired a new position in WisdomTree in the 3rd quarter valued at $888,000. Principal Financial Group Inc. raised its holdings in WisdomTree by 26.9% in the 3rd quarter. Principal Financial Group Inc. now owns 708,842 shares of the company's stock valued at $7,081,000 after acquiring an additional 150,257 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of WisdomTree by 2.6% during the fourth quarter. Nordea Investment Management AB now owns 391,208 shares of the company's stock worth $4,100,000 after purchasing an additional 9,912 shares during the last quarter. Finally, Cooper Financial Group purchased a new stake in shares of WisdomTree in the fourth quarter valued at $111,000. Hedge funds and other institutional investors own 78.64% of the company's stock.
Analyst Ratings Changes
WT has been the topic of several recent analyst reports. The Goldman Sachs Group reduced their target price on WisdomTree from $9.75 to $8.50 and set a "sell" rating on the stock in a research report on Monday, April 14th. Keefe, Bruyette & Woods cut their price objective on shares of WisdomTree from $12.00 to $10.50 and set a "market perform" rating on the stock in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, WisdomTree currently has an average rating of "Hold" and an average price target of $12.42.
View Our Latest Report on WisdomTree
Insider Activity
In other news, insider Alexis Marinof sold 90,980 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total value of $897,972.60. Following the completion of the sale, the insider now owns 221,146 shares in the company, valued at approximately $2,182,711.02. This trade represents a 29.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 7.80% of the company's stock.
WisdomTree Trading Up 4.9 %
NYSE:WT traded up $0.43 on Friday, hitting $9.16. 2,343,985 shares of the stock were exchanged, compared to its average volume of 1,541,542. The stock has a fifty day moving average of $8.59 and a 200-day moving average of $9.81. The stock has a market cap of $1.35 billion, a PE ratio of 29.55 and a beta of 1.26. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. WisdomTree, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $12.45.
WisdomTree (NYSE:WT - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.16. The firm had revenue of $108.08 million during the quarter, compared to the consensus estimate of $108.47 million. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The company's revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. As a group, equities analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.
About WisdomTree
(
Free Report)
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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