Tidal Investments LLC Increases Position in WisdomTree, Inc. (NYSE:WT)

Tidal Investments LLC increased its holdings in WisdomTree, Inc. (NYSE:WT) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 458,923 shares of the company’s stock after acquiring an additional 16,161 shares during the quarter. Tidal Investments LLC’s holdings in WisdomTree were worth $4,819,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Navellier & Associates Inc. increased its holdings in WisdomTree by 11.4% during the 4th quarter. Navellier & Associates Inc. now owns 15,226 shares of the company’s stock worth $160,000 after purchasing an additional 1,556 shares during the last quarter. Federated Hermes Inc. raised its holdings in WisdomTree by 60.7% in the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company’s stock valued at $49,000 after acquiring an additional 1,777 shares in the last quarter. EntryPoint Capital LLC boosted its stake in WisdomTree by 6.7% during the 4th quarter. EntryPoint Capital LLC now owns 29,622 shares of the company’s stock valued at $311,000 after acquiring an additional 1,870 shares during the last quarter. Bank of Montreal Can boosted its stake in WisdomTree by 11.6% during the 4th quarter. Bank of Montreal Can now owns 18,702 shares of the company’s stock valued at $196,000 after acquiring an additional 1,951 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in WisdomTree by 173.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock valued at $39,000 after acquiring an additional 2,405 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Performance

WT stock opened at $9.73 on Wednesday. The stock’s 50 day simple moving average is $8.77 and its 200 day simple moving average is $9.74. WisdomTree, Inc. has a 12-month low of $7.47 and a 12-month high of $12.45. The firm has a market cap of $1.43 billion, a P/E ratio of 31.39 and a beta of 1.07. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28.

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

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, May 14th. WisdomTree’s dividend payout ratio is presently 34.29%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut their target price on shares of 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 issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.42.

About WisdomTree

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.