Everence Capital Management Inc. Makes New Investment in WisdomTree, Inc. (NYSE:WT)

Everence Capital Management Inc. acquired a new position in WisdomTree, Inc. (NYSE:WT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,350 shares of the company’s stock, valued at approximately $148,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of WT. Louisiana State Employees Retirement System acquired a new position in shares of WisdomTree during the fourth quarter valued at $383,000. Sapient Capital LLC acquired a new position in shares of WisdomTree during the fourth quarter valued at $115,000. Yorktown Management & Research Co Inc acquired a new position in shares of WisdomTree during the fourth quarter valued at $453,000. Allspring Global Investments Holdings LLC acquired a new position in shares of WisdomTree during the fourth quarter valued at $46,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of WisdomTree during the fourth quarter valued at $431,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Trading Down 0.5 %

NYSE:WT opened at $8.73 on Friday. WisdomTree, Inc. has a 1-year low of $6.05 and a 1-year high of $9.69. The business’s 50-day moving average price is $8.48 and its two-hundred day moving average price is $7.35. The company has a current ratio of 2.23, a quick ratio of 1.66 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 13.43 and a beta of 1.49.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, February 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. WisdomTree had a return on equity of 15.15% and a net margin of 29.38%. The company had revenue of $90.84 million during the quarter, compared to the consensus estimate of $90.32 million. During the same period in the prior year, the company earned $0.04 earnings per share. The company’s revenue for the quarter was up 23.9% compared to the same quarter last year. On average, equities analysts expect that WisdomTree, Inc. will post 0.52 earnings per share for the current year.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a $0.03 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $0.12 annualized dividend and a dividend yield of 1.37%. WisdomTree’s dividend payout ratio (DPR) is currently 18.46%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WT. Northcoast Research raised WisdomTree from a “neutral” rating to a “buy” rating and set a $9.00 price target on the stock in a research note on Thursday, December 28th. Morgan Stanley upped their price target on WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a research note on Wednesday. Northland Securities raised WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a research note on Wednesday, April 3rd. Craig Hallum began coverage on WisdomTree in a research note on Wednesday, March 6th. They issued a “buy” rating and a $12.00 target price on the stock. Finally, Oppenheimer increased their target price on WisdomTree from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, WisdomTree has an average rating of “Moderate Buy” and a consensus target price of $11.04.

Insiders Place Their Bets

In other WisdomTree news, CEO Jonathan L. Steinberg purchased 303,781 shares of the stock in a transaction on Tuesday, February 13th. The stock was bought at an average cost of $7.20 per share, for a total transaction of $2,187,223.20. Following the completion of the acquisition, the chief executive officer now directly owns 9,172,838 shares of the company’s stock, valued at $66,044,433.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.80% of the company’s stock.

WisdomTree 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.