Kornitzer Capital Management Inc. KS Acquires 337,800 Shares of WisdomTree, Inc. (NYSE:WT)

Kornitzer Capital Management Inc. KS lifted its holdings in WisdomTree, Inc. (NYSE:WT) by 58.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 917,830 shares of the company’s stock after acquiring an additional 337,800 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in WisdomTree were worth $9,169,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in WisdomTree by 26.9% during the third quarter. Principal Financial Group Inc. now owns 708,842 shares of the company’s stock valued at $7,081,000 after acquiring an additional 150,257 shares in the last quarter. Amalgamated Bank lifted its position in shares of WisdomTree by 2.8% in the third quarter. Amalgamated Bank now owns 36,023 shares of the company’s stock worth $360,000 after buying an additional 986 shares in the last quarter. James Investment Research Inc. boosted its stake in WisdomTree by 63.0% during the third quarter. James Investment Research Inc. now owns 79,720 shares of the company’s stock valued at $796,000 after buying an additional 30,815 shares during the last quarter. State of Alaska Department of Revenue increased its stake in WisdomTree by 3.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 67,924 shares of the company’s stock worth $678,000 after acquiring an additional 2,379 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in shares of WisdomTree by 2.3% during the 3rd quarter. Louisiana State Employees Retirement System now owns 57,500 shares of the company’s stock worth $574,000 after acquiring an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WT shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $12.00 price objective (up previously from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Northcoast Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. UBS Group boosted their target price on WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Oppenheimer raised their price target on WisdomTree from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Northland Securities boosted their price objective on shares of WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, WisdomTree presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.25.

WisdomTree Stock Down 0.8 %

Shares of NYSE WT opened at $10.73 on Friday. The stock has a 50 day moving average price of $10.03 and a 200 day moving average price of $9.95. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 37.00 and a beta of 1.43. WisdomTree, Inc. has a 52-week low of $6.24 and a 52-week high of $12.02. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.16 and a current ratio of 2.88.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, November 6th. WisdomTree’s payout ratio is 41.38%.

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.