Aigen Investment Management LP Takes Position in WisdomTree, Inc. $WT

Aigen Investment Management LP bought a new position in shares of WisdomTree, Inc. (NYSE:WT) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 52,139 shares of the company’s stock, valued at approximately $636,000.

Several other hedge funds have also recently bought and sold shares of WT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in WisdomTree by 2.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 456,990 shares of the company’s stock worth $4,076,000 after acquiring an additional 12,402 shares in the last quarter. Jane Street Group LLC raised its position in WisdomTree by 379.3% in the 1st quarter. Jane Street Group LLC now owns 880,977 shares of the company’s stock valued at $7,858,000 after purchasing an additional 697,156 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in WisdomTree by 35.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 301,138 shares of the company’s stock valued at $3,466,000 after purchasing an additional 78,837 shares in the last quarter. Sei Investments Co. raised its position in WisdomTree by 722.3% in the 2nd quarter. Sei Investments Co. now owns 93,039 shares of the company’s stock valued at $1,071,000 after purchasing an additional 81,725 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in WisdomTree by 20.0% in the 2nd quarter. AQR Capital Management LLC now owns 482,313 shares of the company’s stock valued at $5,551,000 after purchasing an additional 80,361 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Trading Down 0.1%

NYSE:WT opened at $17.96 on Monday. The stock’s 50 day moving average price is $17.74 and its 200 day moving average price is $15.53. The company has a market capitalization of $2.75 billion, a PE ratio of 43.80 and a beta of 1.15. The company has a quick ratio of 4.18, a current ratio of 4.57 and a debt-to-equity ratio of 2.37. WisdomTree, Inc. has a 52-week low of $10.00 and a 52-week high of $19.85.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, May 1st. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $159.50 million for the quarter, compared to the consensus estimate of $156.96 million. WisdomTree had a return on equity of 33.31% and a net margin of 11.26%.The firm’s quarterly revenue was up 47.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 EPS. On average, research analysts anticipate that WisdomTree, Inc. will post 1.14 EPS for the current year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 13th. WisdomTree’s dividend payout ratio (DPR) is 29.27%.

Insider Activity at WisdomTree

In other WisdomTree news, insider David M. Yates sold 15,000 shares of WisdomTree stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $18.06, for a total value of $270,900.00. Following the transaction, the insider directly owned 157,499 shares in the company, valued at approximately $2,844,431.94. This trade represents a 8.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO R Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $18.99, for a total value of $569,700.00. Following the completion of the transaction, the chief operating officer owned 1,110,245 shares in the company, valued at $21,083,552.55. This trade represents a 2.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 10.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WT. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a research report on Tuesday, May 19th. Oppenheimer increased their price objective on WisdomTree from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Morgan Stanley set a $18.00 price objective on WisdomTree in a report on Thursday, April 30th. Zacks Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Raymond James Financial initiated coverage on shares of WisdomTree in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $20.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.80.

WisdomTree Profile

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.