WisdomTree (NYSE:WT) Sets New 12-Month High – What’s Next?

Shares of WisdomTree, Inc. (NYSE:WT) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $17.27 and last traded at $17.1440, with a volume of 734386 shares changing hands. The stock had previously closed at $16.69.

Analyst Ratings Changes

A number of research firms recently commented on WT. Wall Street Zen upgraded WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Northland Securities set a $20.00 price objective on WisdomTree in a research report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of WisdomTree in a research note on Wednesday, January 21st. Morgan Stanley set a $16.75 target price on WisdomTree in a report on Tuesday, February 10th. Finally, Zacks Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $17.65.

WisdomTree Price Performance

The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 1.94. The company has a 50 day moving average of $14.71 and a 200-day moving average of $13.41. The firm has a market capitalization of $2.42 billion, a P/E ratio of 22.89 and a beta of 1.09.

WisdomTree (NYSE:WT) last announced its earnings results on Friday, January 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The company had revenue of $147.40 million during the quarter, compared to analysts’ expectations of $142.78 million. During the same quarter in the previous year, the business posted $0.17 earnings per share. WisdomTree’s quarterly revenue was up 33.2% on a year-over-year basis. On average, sell-side analysts predict that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, February 11th. WisdomTree’s dividend payout ratio is presently 16.00%.

Insider Buying and Selling

In other WisdomTree news, insider David M. Yates sold 6,820 shares of WisdomTree stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $11.12, for a total value of $75,838.40. Following the completion of the transaction, the insider directly owned 152,123 shares of the company’s stock, valued at $1,691,607.76. The trade was a 4.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP increased its holdings in WisdomTree by 1,679.0% in the 3rd quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after buying an additional 2,082 shares during the period. First Horizon Corp bought a new position in WisdomTree in the third quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd increased its stake in WisdomTree by 163.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock valued at $30,000 after acquiring an additional 1,521 shares during the last quarter. Quattro Advisors LLC acquired a new position in WisdomTree during the fourth quarter valued at approximately $31,000. Finally, Neo Ivy Capital Management bought a new stake in WisdomTree during the third quarter worth $37,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

About WisdomTree

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.