Yousif Capital Management LLC Makes New $423,000 Investment in WisdomTree, Inc. (NYSE:WT)

Yousif Capital Management LLC bought a new stake in shares of WisdomTree, Inc. (NYSE:WT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 61,023 shares of the company’s stock, valued at approximately $423,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Management Corp VA acquired a new stake in shares of WisdomTree in the 4th quarter valued at about $8,342,000. Avior Wealth Management LLC acquired a new stake in WisdomTree during the fourth quarter valued at approximately $40,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in WisdomTree during the fourth quarter valued at approximately $211,000. Everence Capital Management Inc. acquired a new position in shares of WisdomTree in the 4th quarter worth approximately $148,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of WisdomTree in the 4th quarter worth approximately $383,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Stock Performance

Shares of NYSE WT opened at $9.43 on Tuesday. WisdomTree, Inc. has a 12-month low of $6.06 and a 12-month high of $9.69. The company has a market cap of $1.43 billion, a PE ratio of 13.87 and a beta of 1.48. The stock has a 50 day simple moving average of $8.80 and a 200-day simple moving average of $7.49. The company has a current ratio of 2.95, a quick ratio of 2.18 and a debt-to-equity ratio of 0.65.

WisdomTree (NYSE:WT) last released its earnings results on Friday, April 26th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. WisdomTree had a net margin of 29.80% and a return on equity of 16.31%. The firm had revenue of $96.84 million for the quarter, compared to analysts’ expectations of $94.32 million. During the same quarter last year, the company earned $0.07 EPS. WisdomTree’s quarterly revenue was up 18.0% on a year-over-year basis. On average, equities research analysts forecast that WisdomTree, Inc. will post 0.56 EPS for the current year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, May 7th. WisdomTree’s dividend payout ratio is presently 17.65%.

Insider Buying and Selling

In related news, CEO Jonathan L. Steinberg purchased 303,781 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average price of $7.20 per share, for a total transaction of $2,187,223.20. Following the transaction, the chief executive officer now directly owns 9,172,838 shares of the company’s stock, valued at approximately $66,044,433.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Northland Securities raised shares of WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a report on Wednesday, April 3rd. Morgan Stanley boosted their price objective on shares of WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. UBS Group raised their target price on shares of WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Craig Hallum assumed coverage on WisdomTree in a report on Wednesday, March 6th. They set a “buy” rating and a $12.00 target price for the company. Finally, Oppenheimer reissued an “outperform” rating and issued a $11.00 price target on shares of WisdomTree in a report on Monday, April 29th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.88.

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.