Y Intercept Hong Kong Ltd boosted its position in shares of WisdomTree, Inc. (NYSE:WT – Free Report) by 517.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 194,450 shares of the company’s stock after purchasing an additional 162,933 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in WisdomTree were worth $2,831,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Quarry LP grew its holdings in WisdomTree by 1,679.0% during the 3rd quarter. Quarry LP now owns 2,206 shares of the company’s stock worth $31,000 after acquiring an additional 2,082 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings 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 worth $30,000 after purchasing an additional 1,521 shares during the period. Quattro Advisors LLC bought a new position in shares of WisdomTree during the fourth quarter worth $31,000. Neo Ivy Capital Management acquired a new position in shares of WisdomTree in the 3rd quarter valued at $37,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of WisdomTree in the 4th quarter valued at $36,000. Institutional investors own 78.64% of the company’s stock.
Insider Buying and Selling at WisdomTree
In other WisdomTree news, insider David M. Yates sold 15,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $18.06, for a total transaction of $270,900.00. Following the sale, the insider directly owned 157,499 shares of the company’s stock, valued at $2,844,431.94. The trade was a 8.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO R Jarrett Lilien sold 30,000 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $18.99, for a total transaction of $569,700.00. Following the transaction, the chief operating officer owned 1,110,245 shares of the company’s stock, valued at approximately $21,083,552.55. This represents a 2.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 10.10% of the stock is currently owned by insiders.
Analyst Ratings Changes
View Our Latest Research Report on WisdomTree
WisdomTree Stock Up 0.2%
Shares of WisdomTree stock opened at $18.48 on Wednesday. The firm has a market cap of $2.83 billion, a PE ratio of 45.08 and a beta of 1.18. The business’s 50 day simple moving average is $18.30 and its 200 day simple moving average is $16.32. The company has a debt-to-equity ratio of 2.37, a quick ratio of 4.18 and a current ratio of 4.57. WisdomTree, Inc. has a 52-week low of $10.69 and a 52-week high of $19.85.
WisdomTree (NYSE:WT – Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. WisdomTree had a net margin of 11.26% and a return on equity of 33.31%. The company had revenue of $159.50 million during the quarter, compared to analysts’ expectations of $156.96 million. During the same period last year, the business earned $0.16 EPS. The business’s quarterly revenue was up 47.5% on a year-over-year basis. On average, analysts predict that WisdomTree, Inc. will post 1.15 earnings per share for the current fiscal year.
WisdomTree Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%. WisdomTree’s dividend payout ratio (DPR) is 29.27%.
WisdomTree Profile
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.
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