KLP Kapitalforvaltning AS Raises Holdings in WisdomTree, Inc. $WT

KLP Kapitalforvaltning AS boosted its stake in shares of WisdomTree, Inc. (NYSE:WT) by 31.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,400 shares of the company’s stock after purchasing an additional 7,100 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in WisdomTree were worth $338,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Quarry LP increased its holdings in WisdomTree by 112.4% during the 1st quarter. Quarry LP now owns 5,944 shares of the company’s stock worth $53,000 after purchasing an additional 3,145 shares during the period. Russell Investments Group Ltd. increased its holdings in WisdomTree by 758.2% during the 1st quarter. Russell Investments Group Ltd. now owns 6,986 shares of the company’s stock worth $62,000 after purchasing an additional 6,172 shares during the period. Sowell Financial Services LLC purchased a new stake in WisdomTree during the 2nd quarter worth about $120,000. Ieq Capital LLC purchased a new stake in WisdomTree during the 1st quarter worth about $94,000. Finally, Personal CFO Solutions LLC purchased a new stake in WisdomTree during the 1st quarter worth about $111,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Insiders Place Their Bets

In other WisdomTree news, COO R Jarrett Lilien sold 12,500 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $13.21, for a total transaction of $165,125.00. Following the completion of the sale, the chief operating officer directly owned 1,036,138 shares of the company’s stock, valued at approximately $13,687,382.98. This trade represents a 1.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.30% of the company’s stock.

WisdomTree Stock Up 0.1%

Shares of NYSE WT opened at $12.92 on Monday. The stock has a market cap of $1.90 billion, a PE ratio of 33.12 and a beta of 1.13. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 0.82. WisdomTree, Inc. has a 52-week low of $7.47 and a 52-week high of $14.95. The business has a 50-day moving average price of $13.64 and a 200 day moving average price of $11.56.

WisdomTree (NYSE:WT) last announced its earnings results on Thursday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. The firm had revenue of $112.60 million during the quarter, compared to analysts’ expectations of $110.66 million. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. Equities research analysts forecast that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.9%. WisdomTree’s dividend payout ratio is 30.77%.

Analysts Set New Price Targets

A number of research analysts have recently commented on WT shares. Northland Securities set a $16.00 price objective on WisdomTree in a report on Wednesday, September 3rd. Oppenheimer increased their price objective on WisdomTree from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Morgan Stanley increased their price objective on WisdomTree from $12.50 to $13.50 and gave the company an “equal weight” rating in a report on Monday, October 6th. Craig Hallum reiterated a “buy” rating on shares of WisdomTree in a report on Monday, August 4th. Finally, Northcoast Research upgraded WisdomTree from a “neutral” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Wednesday, July 2nd. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.07.

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.