Quantinno Capital Management LP Buys 105,023 Shares of WisdomTree, Inc. $WT

Quantinno Capital Management LP grew its stake in WisdomTree, Inc. (NYSE:WTFree Report) by 178.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,727 shares of the company’s stock after buying an additional 105,023 shares during the quarter. Quantinno Capital Management LP owned approximately 0.11% of WisdomTree worth $2,384,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Entropy Technologies LP grew its stake in shares of WisdomTree by 128.7% during the 1st quarter. Entropy Technologies LP now owns 47,927 shares of the company’s stock valued at $698,000 after acquiring an additional 26,974 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of WisdomTree by 41.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,134,430 shares of the company’s stock worth $60,197,000 after purchasing an additional 1,205,097 shares during the period. Caxton Associates LLP boosted its position in shares of WisdomTree by 199.1% in the first quarter. Caxton Associates LLP now owns 224,042 shares of the company’s stock worth $3,262,000 after purchasing an additional 149,145 shares during the period. Inceptionr LLC purchased a new stake in shares of WisdomTree in the first quarter worth $482,000. Finally, Sei Investments Co. increased its stake in shares of WisdomTree by 4.1% in the first quarter. Sei Investments Co. now owns 203,442 shares of the company’s stock worth $2,962,000 after purchasing an additional 7,989 shares in the last quarter. Institutional investors own 78.64% of the company’s stock.

Insider Activity

In other news, COO R Jarrett Lilien sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $18.99, for a total transaction of $569,700.00. Following the sale, the chief operating officer directly owned 1,110,245 shares of the company’s stock, valued at $21,083,552.55. This represents a 2.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.10% of the stock is owned by company insiders.

WisdomTree Stock Up 4.2%

WT opened at $22.15 on Tuesday. The firm has a 50-day simple moving average of $18.98 and a two-hundred day simple moving average of $17.49. WisdomTree, Inc. has a 52 week low of $10.69 and a 52 week high of $23.15. The company has a market capitalization of $3.36 billion, a PE ratio of 42.60 and a beta of 1.17. The company has a quick ratio of 2.73, a current ratio of 3.00 and a debt-to-equity ratio of 2.53.

WisdomTree (NYSE:WTGet Free Report) last issued its earnings results on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.05. The firm had revenue of $177.16 million for the quarter, compared to analysts’ expectations of $170.62 million. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.The business’s revenue was up 57.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 earnings per share. Analysts forecast that WisdomTree, Inc. will post 1.17 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $0.12 dividend on an annualized basis and a yield of 0.5%. WisdomTree’s payout ratio is presently 23.08%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WisdomTree in a report on Wednesday, August 5th. Oppenheimer raised their price target on WisdomTree from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Zacks Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Northland Securities set a $22.00 price objective on WisdomTree in a research note on Tuesday, June 2nd. Finally, Wall Street Zen upgraded WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.66.

Get Our Latest Research Report on WT

About WisdomTree

(Free Report)

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.

See Also

Institutional Ownership by Quarter for WisdomTree (NYSE:WT)

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