WisdomTree, Inc. (NYSE:WT) Shares Sold by SRN Advisors LLC

SRN Advisors LLC decreased its stake in WisdomTree, Inc. (NYSE:WT) by 38.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,316 shares of the company’s stock after selling 33,189 shares during the period. SRN Advisors LLC’s holdings in WisdomTree were worth $523,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. State of Alaska Department of Revenue lifted its position in WisdomTree by 3.6% in the third quarter. State of Alaska Department of Revenue now owns 67,924 shares of the company’s stock valued at $678,000 after acquiring an additional 2,379 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of WisdomTree by 2.3% during the third quarter. Louisiana State Employees Retirement System now owns 57,500 shares of the company’s stock worth $574,000 after purchasing an additional 1,300 shares in the last quarter. Impact Partnership Wealth LLC lifted its holdings in shares of WisdomTree by 3.3% in the 3rd quarter. Impact Partnership Wealth LLC now owns 34,467 shares of the company’s stock valued at $344,000 after purchasing an additional 1,108 shares during the last quarter. JGP Wealth Management LLC purchased a new stake in shares of WisdomTree in the 3rd quarter valued at about $118,000. Finally, Tobam boosted its position in shares of WisdomTree by 29.5% in the 3rd quarter. Tobam now owns 23,705 shares of the company’s stock valued at $237,000 after purchasing an additional 5,397 shares during the period. Institutional investors and hedge funds own 78.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $12.00 price target (up previously from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Oppenheimer lifted their target price on shares of WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Northcoast Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 15th. Craig Hallum raised their price objective on shares of WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Northland Securities upped their target price on shares of WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, WisdomTree currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.25.

WisdomTree Stock Performance

NYSE:WT opened at $10.47 on Friday. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 15.40 and a beta of 1.43. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.01 and a quick ratio of 2.18. WisdomTree, Inc. has a 1-year low of $6.06 and a 1-year high of $12.02. The firm’s fifty day moving average price is $9.96 and its 200 day moving average price is $9.86.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, October 25th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The business had revenue of $113.17 million for the quarter, compared to the consensus estimate of $110.80 million. WisdomTree had a net margin of 19.72% and a return on equity of 19.22%. On average, sell-side analysts expect that WisdomTree, Inc. will post 0.62 EPS for the current year.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, November 6th. WisdomTree’s payout ratio is 17.65%.

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.