Sapient Capital LLC Makes New $115,000 Investment in WisdomTree, Inc. (NYSE:WT)

Sapient Capital LLC bought a new position in shares of WisdomTree, Inc. (NYSE:WT) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,631 shares of the company’s stock, valued at approximately $115,000.

Other hedge funds have also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of WisdomTree in the third quarter worth about $26,000. Allspring Global Investments Holdings LLC bought a new position in shares of WisdomTree in the fourth quarter worth about $46,000. KBC Group NV bought a new position in shares of WisdomTree in the third quarter worth about $62,000. Tower Research Capital LLC TRC bought a new position in shares of WisdomTree in the third quarter worth about $66,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of WisdomTree in the third quarter worth about $69,000. 78.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WT has been the topic of a number of recent research reports. UBS Group lifted their target price on WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Northland Securities raised WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a research report on Wednesday, April 3rd. Oppenheimer lifted their target price on WisdomTree from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Craig Hallum initiated coverage on WisdomTree in a research report on Wednesday, March 6th. They set a “buy” rating and a $12.00 target price on the stock. Finally, Northcoast Research raised WisdomTree from a “neutral” rating to a “buy” rating and set a $9.00 target price on the stock in a research report on Thursday, December 28th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, WisdomTree presently has an average rating of “Moderate Buy” and a consensus target price of $10.71.

WisdomTree Stock Down 1.5 %

NYSE WT opened at $8.79 on Wednesday. The company has a current ratio of 2.23, a quick ratio of 1.66 and a debt-to-equity ratio of 0.67. The stock’s 50 day moving average is $8.38 and its two-hundred day moving average is $7.32. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 13.52 and a beta of 1.49. WisdomTree, Inc. has a 1-year low of $6.05 and a 1-year high of $9.69.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, February 2nd. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $90.84 million for the quarter, compared to the consensus estimate of $90.32 million. WisdomTree had a return on equity of 15.15% and a net margin of 29.38%. The company’s quarterly revenue was up 23.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.04 earnings per share. Equities analysts forecast that WisdomTree, Inc. will post 0.51 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Tuesday, February 13th. WisdomTree’s payout ratio is 18.46%.

Insider Buying and Selling at WisdomTree

In other WisdomTree news, CEO Jonathan L. Steinberg bought 303,781 shares of WisdomTree stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average cost of $7.20 per share, with a total value of $2,187,223.20. Following the acquisition, the chief executive officer now directly owns 9,172,838 shares of the company’s stock, valued at $66,044,433.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.80% of the company’s stock.

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.