16,631 Shares in WisdomTree, Inc. (NYSE:WT) Bought by Sapient Capital LLC

Sapient Capital LLC bought a new stake in WisdomTree, Inc. (NYSE:WT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,631 shares of the company’s stock, valued at approximately $115,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Arizona State Retirement System acquired a new position in shares of WisdomTree during the third quarter worth $223,000. Jump Financial LLC bought a new position in WisdomTree in the third quarter valued at about $208,000. Barclays PLC bought a new position in WisdomTree in the third quarter valued at about $450,000. New York State Common Retirement Fund acquired a new stake in shares of WisdomTree during the third quarter valued at about $835,000. Finally, Quantbot Technologies LP bought a new stake in shares of WisdomTree during the third quarter worth about $26,000. Institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Performance

WT stock opened at $9.38 on Thursday. The business has a 50 day moving average of $8.88 and a 200-day moving average of $7.54. The firm has a market cap of $1.42 billion, a PE ratio of 13.79 and a beta of 1.48. WisdomTree, Inc. has a 12-month low of $6.06 and a 12-month high of $9.73. The company has a quick ratio of 2.18, a current ratio of 2.95 and a debt-to-equity ratio of 0.65.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, April 26th. The company reported $0.12 EPS for the quarter, topping 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 business had revenue of $96.84 million for the quarter, compared to analyst estimates of $94.32 million. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. As a group, sell-side analysts expect that WisdomTree, Inc. will post 0.56 earnings per share for the current year.

WisdomTree Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Tuesday, May 7th. WisdomTree’s dividend payout ratio is currently 17.65%.

Insider Activity

In other WisdomTree news, CEO Jonathan L. Steinberg bought 303,781 shares of WisdomTree stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average price of $7.20 per share, for a total transaction of $2,187,223.20. Following the completion of the purchase, the chief executive officer now directly owns 9,172,838 shares of the company’s stock, valued at $66,044,433.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.