Sapient Capital LLC Makes New Investment in WisdomTree, Inc. (NYSE:WT)

Sapient Capital LLC bought a new position in WisdomTree, Inc. (NYSE:WT) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 16,631 shares of the company’s stock, valued at approximately $115,000.

Other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of WisdomTree during the 3rd quarter valued at $26,000. Avior Wealth Management LLC purchased a new position in shares of WisdomTree in the fourth quarter valued at about $40,000. Allspring Global Investments Holdings LLC bought a new position in shares of WisdomTree in the fourth quarter worth about $46,000. Simplex Trading LLC purchased a new stake in shares of WisdomTree during the fourth quarter worth about $55,000. Finally, KBC Group NV bought a new stake in WisdomTree during the 3rd quarter valued at approximately $62,000. Institutional investors own 78.64% of the company’s stock.

Wall Street Analyst Weigh In

WT has been the subject of several recent analyst reports. UBS Group upped their price target on WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Morgan Stanley raised their target price on shares of WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Oppenheimer reiterated an “outperform” rating and issued a $11.00 price target on shares of WisdomTree in a research note on Monday, April 29th. Craig Hallum initiated coverage on WisdomTree in a research report on Wednesday, March 6th. They issued a “buy” rating and a $12.00 target price on the stock. Finally, Northland Securities raised WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a research note on Wednesday, April 3rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, WisdomTree has an average rating of “Moderate Buy” and a consensus price target of $10.88.

WisdomTree Stock Performance

NYSE WT opened at $9.38 on Thursday. The business’s 50 day moving average price is $8.88 and its 200-day moving average price is $7.54. WisdomTree, Inc. has a fifty-two week low of $6.06 and a fifty-two week high of $9.73. The company has a market cap of $1.42 billion, a P/E ratio of 13.79 and a beta of 1.48. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.18 and a current ratio of 2.95.

WisdomTree (NYSE:WT) last released its earnings results on Friday, April 26th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $96.84 million during the quarter, compared to analyst estimates of $94.32 million. WisdomTree had a net margin of 29.80% and a return on equity of 16.31%. The business’s revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the business earned $0.07 EPS. Sell-side analysts predict that WisdomTree, Inc. will post 0.56 earnings per share for the current year.

WisdomTree Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.28%. WisdomTree’s dividend payout ratio is 17.65%.

Insider Activity at WisdomTree

In related news, CEO Jonathan L. Steinberg acquired 303,781 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average price of $7.20 per share, for a total transaction of $2,187,223.20. Following the acquisition, the chief executive officer now directly owns 9,172,838 shares of the company’s stock, valued at approximately $66,044,433.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.80% of the stock is owned by company insiders.

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.