Arizona State Retirement System Makes New Investment in WisdomTree, Inc. (NYSE:WT)

Arizona State Retirement System acquired a new position in WisdomTree, Inc. (NYSE:WTFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 31,875 shares of the company’s stock, valued at approximately $223,000.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WT. Oppenheimer lifted their price objective on WisdomTree from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. Northcoast Research raised WisdomTree from a “neutral” rating to a “buy” rating and set a $9.00 price target for the company in a report on Thursday, December 28th.

Read Our Latest Stock Analysis on WisdomTree

WisdomTree Stock Performance

NYSE:WT opened at $7.07 on Friday. The stock has a 50-day simple moving average of $6.85 and a two-hundred day simple moving average of $6.83. WisdomTree, Inc. has a 52-week low of $5.53 and a 52-week high of $7.55. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.66 and a current ratio of 2.23. The firm has a market capitalization of $1.06 billion, a PE ratio of 10.88 and a beta of 1.46.

WisdomTree (NYSE:WTGet Free Report) last released its quarterly earnings results on Friday, February 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. WisdomTree had a return on equity of 15.15% and a net margin of 29.38%. The business had revenue of $90.84 million during the quarter, compared to analyst estimates of $90.32 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. WisdomTree’s revenue for the quarter was up 23.9% on a year-over-year basis. Analysts forecast that WisdomTree, Inc. will post 0.5 EPS for the current year.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be given a $0.03 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $0.12 annualized dividend and a dividend yield of 1.70%. WisdomTree’s payout ratio is 18.46%.

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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Institutional Ownership by Quarter for WisdomTree (NYSE:WT)

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