Bosun Asset Management LLC Increases Stock Holdings in WisdomTree, Inc. (NYSE:WT)

Bosun Asset Management LLC boosted its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 12.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,369 shares of the company’s stock after buying an additional 15,490 shares during the period. Bosun Asset Management LLC owned approximately 0.10% of WisdomTree worth $1,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. ExodusPoint Capital Management LP increased its holdings in shares of WisdomTree by 127.2% in the fourth quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company’s stock valued at $12,211,000 after purchasing an additional 651,121 shares during the period. BNP Paribas Financial Markets raised its position in WisdomTree by 358.8% during the 4th quarter. BNP Paribas Financial Markets now owns 714,010 shares of the company’s stock worth $7,497,000 after buying an additional 558,392 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in WisdomTree by 157.4% during the 4th quarter. JPMorgan Chase & Co. now owns 880,489 shares of the company’s stock valued at $9,245,000 after acquiring an additional 538,385 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of WisdomTree by 188.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 722,586 shares of the company’s stock valued at $7,587,000 after acquiring an additional 472,505 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of WisdomTree in the fourth quarter worth $4,262,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods lowered their price target on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a report on Tuesday, January 14th. The Goldman Sachs Group lowered their target price on WisdomTree from $9.75 to $8.50 and set a “sell” rating on the stock in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $12.42.

WisdomTree Price Performance

NYSE:WT opened at $9.19 on Tuesday. The stock has a market capitalization of $1.35 billion, a PE ratio of 29.65 and a beta of 1.07. WisdomTree, Inc. has a 52 week low of $7.47 and a 52 week high of $12.45. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28. The stock’s 50-day moving average price is $8.59 and its 200-day moving average price is $9.80.

WisdomTree (NYSE:WT) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. The business had revenue of $108.08 million during the quarter, compared to analysts’ expectations of $108.47 million. During the same period in the previous year, the business earned $0.12 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts expect that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Wednesday, May 14th. WisdomTree’s payout ratio is 34.29%.

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.