WisdomTree (NYSE:WT) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

WisdomTree (NYSE:WT) issued its quarterly earnings data on Friday. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01, reports. WisdomTree had a net margin of 19.72% and a return on equity of 19.22%. The company had revenue of $113.17 million for the quarter, compared to the consensus estimate of $110.80 million.

WisdomTree Trading Up 0.9 %

WisdomTree stock opened at $10.47 on Friday. WisdomTree has a 12-month low of $6.06 and a 12-month high of $12.02. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 15.40 and a beta of 1.43. The firm has a 50 day moving average of $9.96 and a 200 day moving average of $9.86. The company has a current ratio of 3.01, a quick ratio of 2.18 and a debt-to-equity ratio of 0.62.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, November 6th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.15%. WisdomTree’s payout ratio is currently 17.65%.

Hedge Funds Weigh In On WisdomTree

Large investors have recently added to or reduced their stakes in the company. CWM LLC raised its position in shares of WisdomTree by 85.8% during the 2nd quarter. CWM LLC now owns 2,746 shares of the company’s stock valued at $27,000 after purchasing an additional 1,268 shares during the period. Headlands Technologies LLC purchased a new stake in WisdomTree in the 2nd quarter worth $27,000. Gladius Capital Management LP purchased a new stake in WisdomTree in the 2nd quarter worth $32,000. GAMMA Investing LLC raised its holdings in WisdomTree by 76.8% during the third quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock valued at $40,000 after acquiring an additional 1,761 shares during the period. Finally, Bayesian Capital Management LP purchased a new position in shares of WisdomTree in the first quarter valued at about $105,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Wall Street Analysts Forecast Growth

WT has been the topic of several research analyst reports. Craig Hallum increased 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. Northcoast Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 15th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $12.00 target price (up from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Oppenheimer upped their price target on shares of WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, UBS Group raised their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.25.

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.