AlphaQuest LLC Has $849,000 Holdings in WisdomTree, Inc. (NYSE:WT)

AlphaQuest LLC increased its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 114.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 80,865 shares of the company’s stock after buying an additional 43,177 shares during the quarter. AlphaQuest LLC’s holdings in WisdomTree were worth $849,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in WisdomTree by 21.3% during the 3rd quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company’s stock worth $23,304,000 after buying an additional 410,348 shares during the period. Principal Financial Group Inc. increased its holdings in WisdomTree by 26.9% during the 3rd quarter. Principal Financial Group Inc. now owns 708,842 shares of the company’s stock worth $7,081,000 after purchasing an additional 150,257 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in WisdomTree by 180.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 115,289 shares of the company’s stock worth $1,152,000 after purchasing an additional 74,173 shares in the last quarter. Crawford Fund Management LLC increased its holdings in WisdomTree by 34.0% during the 3rd quarter. Crawford Fund Management LLC now owns 499,874 shares of the company’s stock worth $4,994,000 after purchasing an additional 126,700 shares in the last quarter. Finally, Truist Financial Corp increased its holdings in WisdomTree by 142.9% during the 4th quarter. Truist Financial Corp now owns 73,579 shares of the company’s stock worth $773,000 after purchasing an additional 43,293 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

Insider Activity

In related news, insider Alexis Marinof sold 90,980 shares of WisdomTree stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total transaction of $897,972.60. Following the completion of the transaction, the insider now owns 221,146 shares in the company, valued at approximately $2,182,711.02. This trade represents a 29.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.80% of the stock is owned by corporate insiders.

WisdomTree Price Performance

Shares of NYSE WT opened at $8.39 on Tuesday. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 27.05 and a beta of 1.53. The business has a 50-day moving average of $9.55 and a 200-day moving average of $10.20. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13. WisdomTree, Inc. has a fifty-two week low of $7.96 and a fifty-two week high of $12.45.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, January 31st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. As a group, sell-side analysts predict that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Wednesday, February 12th. WisdomTree’s payout ratio is 38.71%.

Analysts Set New Price Targets

A number of research firms have issued reports on WT. Keefe, Bruyette & Woods lowered their target price on WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a report on Tuesday, January 14th. Northcoast Research cut WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.54.

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.