Traub Capital Management LLC Purchases Shares of 5,000 WisdomTree, Inc. $WT

Traub Capital Management LLC purchased a new position in shares of WisdomTree, Inc. (NYSE:WT) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 5,000 shares of the company’s stock, valued at approximately $58,000.

A number of other large investors also recently modified their holdings of the company. Simcoe Capital Management LLC purchased a new position in WisdomTree in the first quarter valued at about $35,582,000. Millennium Management LLC grew its stake in shares of WisdomTree by 110.0% in the first quarter. Millennium Management LLC now owns 4,266,947 shares of the company’s stock valued at $38,061,000 after buying an additional 2,235,413 shares in the last quarter. Nuveen LLC purchased a new stake in shares of WisdomTree during the 1st quarter valued at about $17,003,000. Jane Street Group LLC lifted its position in WisdomTree by 379.3% during the 1st quarter. Jane Street Group LLC now owns 880,977 shares of the company’s stock worth $7,858,000 after acquiring an additional 697,156 shares in the last quarter. Finally, CSM Advisors LLC acquired a new position in WisdomTree during the 2nd quarter worth approximately $6,028,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WT has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. The Goldman Sachs Group raised their price target on shares of WisdomTree from $12.25 to $14.50 and gave the company a “neutral” rating in a report on Monday, October 6th. Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Morgan Stanley upped their price objective on shares of WisdomTree from $12.50 to $13.50 and gave the company an “equal weight” rating in a research report on Monday, October 6th. Finally, Northland Securities set a $16.00 target price on WisdomTree in a research report on Wednesday, September 3rd. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $14.08.

Insider Activity

In related news, COO R Jarrett Lilien sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $11.77, for a total transaction of $294,250.00. Following the transaction, the chief operating officer directly owned 1,011,138 shares in the company, valued at $11,901,094.26. This trade represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 9.30% of the company’s stock.

WisdomTree Trading Down 1.9%

NYSE WT opened at $10.75 on Friday. WisdomTree, Inc. has a 12 month low of $7.47 and a 12 month high of $14.95. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.44 and a quick ratio of 1.04. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 27.55 and a beta of 1.17. The company’s fifty day moving average price is $12.82 and its two-hundred day moving average price is $12.11.

WisdomTree (NYSE:WT) last released its earnings results on Friday, October 31st. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. The company had revenue of $125.62 million during the quarter, compared to the consensus estimate of $122.00 million. WisdomTree had a net margin of 16.25% and a return on equity of 25.17%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.18 EPS. As a group, research analysts predict that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, November 12th. WisdomTree’s payout ratio is 18.46%.

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.