SRN Advisors LLC Raises Stock Position in WisdomTree, Inc. (NYSE:WT)

SRN Advisors LLC grew its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 32.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,515 shares of the company’s stock after purchasing an additional 29,025 shares during the period. SRN Advisors LLC’s holdings in WisdomTree were worth $1,080,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Avior Wealth Management LLC purchased a new stake in shares of WisdomTree during the fourth quarter worth approximately $40,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of WisdomTree during the fourth quarter worth approximately $46,000. Simplex Trading LLC purchased a new stake in shares of WisdomTree during the fourth quarter worth approximately $55,000. Miracle Mile Advisors LLC purchased a new stake in shares of WisdomTree during the fourth quarter worth approximately $69,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of WisdomTree during the first quarter worth approximately $105,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree Stock Performance

Shares of WT stock traded down $0.74 during trading hours on Friday, hitting $10.90. The stock had a trading volume of 2,965,570 shares, compared to its average volume of 1,377,726. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.01 and a quick ratio of 2.18. The stock’s 50 day moving average is $10.22 and its 200 day moving average is $9.04. WisdomTree, Inc. has a twelve month low of $6.06 and a twelve month high of $12.02. The firm has a market capitalization of $1.65 billion, a PE ratio of 16.03 and a beta of 1.48.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, August 7th. WisdomTree’s dividend payout ratio is presently 17.65%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and set a $12.00 target price (up from $11.00) on shares of WisdomTree in a research note on Monday, July 29th. UBS Group upped their price target on WisdomTree from $9.00 to $12.00 and gave the company a “buy” rating in a report on Friday, April 12th. Morgan Stanley upped their price target on WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Craig Hallum upped their price target on WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, Northland Securities increased their price objective on WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a report on Monday, July 29th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $11.96.

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.