WisdomTree, Inc. (NYSE:WT) Short Interest Update

WisdomTree, Inc. (NYSE:WT - Get Free Report) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 15,030,000 shares, a decline of 14.5% from the March 31st total of 17,570,000 shares. Based on an average daily volume of 1,690,000 shares, the days-to-cover ratio is presently 8.9 days. Approximately 12.6% of the shares of the stock are short sold.

Hedge Funds Weigh In On WisdomTree

A number of hedge funds have recently added to or reduced their stakes in WT. Barclays PLC raised its holdings in WisdomTree by 201.3% in the 3rd quarter. Barclays PLC now owns 268,668 shares of the company's stock worth $2,684,000 after purchasing an additional 179,493 shares during the period. Franklin Resources Inc. bought a new position in WisdomTree during the 3rd quarter valued at about $888,000. Nordea Investment Management AB grew its stake in WisdomTree by 2.6% in 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 in the last quarter. Cooper Financial Group purchased a new position in WisdomTree during the 4th quarter valued at about $111,000. Finally, Park Avenue Securities LLC lifted its holdings in WisdomTree by 175.8% during the fourth quarter. Park Avenue Securities LLC now owns 29,015 shares of the company's stock worth $305,000 after buying an additional 18,495 shares during the period. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree Stock Performance

Shares of NYSE:WT traded up $0.17 during mid-day trading on Thursday, reaching $9.45. The company had a trading volume of 443,419 shares, compared to its average volume of 1,537,417. WisdomTree has a one year low of $7.47 and a one year high of $12.45. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. The company's 50-day moving average price is $8.60 and its 200-day moving average price is $9.79. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 30.48 and a beta of 1.07.

WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly 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. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The firm had revenue of $108.08 million for the quarter, compared to the consensus estimate of $108.47 million. During the same period in the prior year, the firm posted $0.12 earnings per share. The company's revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities research analysts anticipate that WisdomTree will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.27%. WisdomTree's dividend payout ratio is currently 34.29%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of WisdomTree from $9.75 to $8.50 and set a "sell" rating for the company in a research report on Monday, April 14th. Keefe, Bruyette & Woods reduced their price target on WisdomTree from $12.00 to $10.50 and set a "market perform" rating on the stock in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $12.42.

About WisdomTree

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.