Squarepoint Ops LLC Sells 412,159 Shares of WisdomTree, Inc. $WT

Squarepoint Ops LLC lessened its position in WisdomTree, Inc. (NYSE:WT) by 69.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 179,585 shares of the company’s stock after selling 412,159 shares during the quarter. Squarepoint Ops LLC owned 0.12% of WisdomTree worth $2,067,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Simcoe Capital Management LLC bought a new stake in WisdomTree during the first quarter worth about $35,582,000. Millennium Management LLC raised its holdings in shares of WisdomTree by 110.0% during the 1st quarter. Millennium Management LLC now owns 4,266,947 shares of the company’s stock valued at $38,061,000 after buying an additional 2,235,413 shares in the last quarter. Nuveen LLC purchased a new position in shares of WisdomTree during the 1st quarter valued at about $17,003,000. Tidal Investments LLC bought a new stake in WisdomTree in the 2nd quarter worth approximately $15,649,000. Finally, Prudential Financial Inc. boosted its stake in WisdomTree by 1,119.9% in the second quarter. Prudential Financial Inc. now owns 1,423,293 shares of the company’s stock worth $16,382,000 after buying an additional 1,306,620 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Wall Street Analyst Weigh In

WT has been the topic of several research reports. Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Morgan Stanley increased their target price on shares of WisdomTree from $13.50 to $14.75 and gave the company an “equal weight” rating in a report on Wednesday. Zacks Research raised shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Weiss Ratings upgraded shares of WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group decreased their price objective on WisdomTree from $14.75 to $13.25 and set a “neutral” rating on the stock in a report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, WisdomTree currently has a consensus rating of “Moderate Buy” and an average price target of $14.08.

WisdomTree Trading Up 2.1%

Shares of WT opened at $12.05 on Friday. The stock has a market capitalization of $1.70 billion, a P/E ratio of 18.54 and a beta of 1.14. WisdomTree, Inc. has a twelve month low of $7.47 and a twelve month high of $14.95. The company has a quick ratio of 2.41, a current ratio of 2.82 and a debt-to-equity ratio of 2.16. The firm has a fifty day simple moving average of $11.79 and a two-hundred day simple moving average of $12.38.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, October 31st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $125.62 million for the quarter, compared to analysts’ expectations of $122.00 million. WisdomTree had a net margin of 21.10% and a return on equity of 26.59%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.18 earnings per share. On average, research analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were issued a $0.03 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $0.12 annualized dividend and a yield of 1.0%. WisdomTree’s dividend payout ratio (DPR) is 18.46%.

Insider Buying and Selling

In other news, insider David M. Yates sold 6,820 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $11.12, for a total transaction of $75,838.40. Following the transaction, the insider directly owned 152,123 shares of the company’s stock, valued at approximately $1,691,607.76. The trade was a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO R Jarrett Lilien sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $11.01, for a total value of $137,625.00. Following the transaction, the chief operating officer owned 998,638 shares of the company’s stock, valued at approximately $10,995,004.38. This represents a 1.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 44,320 shares of company stock worth $507,713. Corporate insiders own 9.30% of the company’s stock.

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.