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

WisdomTree, Inc. (NYSE:WT) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 15,030,000 shares, a drop of 14.5% from the March 31st total of 17,570,000 shares. Currently, 12.6% of the company’s shares are sold short. Based on an average daily volume of 1,690,000 shares, the days-to-cover ratio is currently 8.9 days.

WisdomTree Trading Up 4.9 %

Shares of NYSE:WT opened at $9.16 on Friday. The business’s 50-day moving average is $8.59 and its 200 day moving average is $9.81. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13. WisdomTree has a 1 year low of $7.47 and a 1 year high of $12.45. The firm has a market capitalization of $1.35 billion, a P/E ratio of 29.55 and a beta of 1.26.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $108.08 million during the quarter, compared to analyst estimates of $108.47 million. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. WisdomTree’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the firm posted $0.12 EPS. On average, research analysts predict that WisdomTree will post 0.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WT has been the topic of several recent research reports. The Goldman Sachs Group dropped 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 target price on WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, WisdomTree presently has an average rating of “Hold” and an average price target of $12.42.

Insiders Place Their Bets

In other news, insider Alexis Marinof sold 90,980 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were 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 of the company’s stock, valued at approximately $2,182,711.02. This represents a 29.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 7.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On WisdomTree

A number of large investors have recently made changes to their positions in WT. Millennium Management LLC grew its stake in WisdomTree by 532.6% during the 4th quarter. Millennium Management LLC now owns 2,031,534 shares of the company’s stock valued at $21,331,000 after purchasing an additional 1,710,409 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of WisdomTree by 139.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,270,963 shares of the company’s stock worth $13,345,000 after purchasing an additional 741,134 shares during the period. ExodusPoint Capital Management LP boosted its position in WisdomTree by 127.2% in the fourth quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company’s stock valued at $12,211,000 after buying an additional 651,121 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in WisdomTree by 358.8% in the 4th quarter. BNP Paribas Financial Markets now owns 714,010 shares of the company’s stock worth $7,497,000 after buying an additional 558,392 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in WisdomTree by 157.4% during the 4th quarter. JPMorgan Chase & Co. now owns 880,489 shares of the company’s stock valued at $9,245,000 after acquiring an additional 538,385 shares during the period. 78.64% of the stock is owned by hedge funds and other institutional investors.

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.