1,203,777 Shares in WisdomTree, Inc. (NYSE:WT) Acquired by Capital Management Corp VA

Capital Management Corp VA bought a new stake in WisdomTree, Inc. (NYSE:WT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,203,777 shares of the company's stock, valued at approximately $8,342,000. WisdomTree accounts for about 1.6% of Capital Management Corp VA's portfolio, making the stock its 27th largest holding. Capital Management Corp VA owned 0.80% of WisdomTree as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of WisdomTree during the third quarter valued at approximately $26,000. Avior Wealth Management LLC bought a new stake in shares of WisdomTree during the fourth quarter valued at approximately $40,000. Allspring Global Investments Holdings LLC bought a new stake in shares of WisdomTree during the fourth quarter valued at approximately $46,000. KBC Group NV bought a new stake in shares of WisdomTree during the third quarter valued at approximately $62,000. Finally, Tower Research Capital LLC TRC bought a new stake in WisdomTree during the third quarter worth approximately $66,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

WisdomTree Stock Performance

WT stock traded down $0.04 during mid-day trading on Friday, reaching $8.73. 898,134 shares of the stock traded hands, compared to its average volume of 1,277,075. The company has a quick ratio of 1.66, a current ratio of 2.23 and a debt-to-equity ratio of 0.67. WisdomTree, Inc. has a 52 week low of $6.05 and a 52 week high of $9.69. The business has a 50-day moving average of $8.48 and a two-hundred day moving average of $7.35. The firm has a market capitalization of $1.33 billion, a PE ratio of 13.43 and a beta of 1.49.

WisdomTree (NYSE:WT - Get Free Report) last released its earnings results on Friday, February 2nd. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. WisdomTree had a net margin of 29.38% and a return on equity of 15.15%. The business had revenue of $90.84 million during the quarter, compared to analysts' expectations of $90.32 million. During the same quarter last year, the company earned $0.04 earnings per share. The firm's revenue was up 23.9% on a year-over-year basis. As a group, equities analysts predict that WisdomTree, Inc. will post 0.52 EPS for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Tuesday, February 13th. WisdomTree's dividend payout ratio is 18.46%.

Analysts Set New Price Targets

Several equities research analysts recently commented on WT shares. Northcoast Research raised WisdomTree from a "neutral" rating to a "buy" rating and set a $9.00 target price on the stock in a report on Thursday, December 28th. UBS Group boosted their target price on WisdomTree from $9.00 to $12.00 and gave the stock a "buy" rating in a report on Friday, April 12th. Craig Hallum assumed coverage on WisdomTree in a report on Wednesday, March 6th. They set a "buy" rating and a $12.00 target price on the stock. Oppenheimer upped their price target on WisdomTree from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Monday, February 5th. Finally, Northland Securities raised WisdomTree from a "market perform" rating to an "outperform" rating and set a $12.00 price target on the stock in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, WisdomTree has a consensus rating of "Moderate Buy" and a consensus target price of $11.04.

Insiders Place Their Bets

In other news, CEO Jonathan L. Steinberg acquired 303,781 shares of the company's stock in a transaction dated Tuesday, February 13th. The stock was bought at an average price of $7.20 per share, with a total value of $2,187,223.20. Following the completion of the acquisition, the chief executive officer now owns 9,172,838 shares in the company, valued at approximately $66,044,433.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 7.80% of the company's stock.

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.