Tobam Takes Position in WisdomTree, Inc. (NYSE:WT)

Tobam acquired a new stake in shares of WisdomTree, Inc. (NYSE:WT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 18,308 shares of the company’s stock, valued at approximately $181,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Texas Permanent School Fund Corp boosted its stake in WisdomTree by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 96,638 shares of the company’s stock valued at $888,000 after acquiring an additional 1,247 shares in the last quarter. CWM LLC raised its holdings in shares of WisdomTree by 85.8% in the second quarter. CWM LLC now owns 2,746 shares of the company’s stock worth $27,000 after buying an additional 1,268 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in shares of WisdomTree by 3.7% in the first quarter. Kennedy Capital Management LLC now owns 38,857 shares of the company’s stock worth $357,000 after buying an additional 1,383 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of WisdomTree by 2.7% in the second quarter. Louisiana State Employees Retirement System now owns 56,200 shares of the company’s stock worth $557,000 after buying an additional 1,500 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of WisdomTree by 0.3% in the first quarter. Principal Financial Group Inc. now owns 579,193 shares of the company’s stock worth $5,323,000 after buying an additional 1,542 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WT has been the subject of several recent research reports. Craig Hallum raised their target price on shares of WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Northland Securities raised their target price on shares of WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $12.00 target price (up previously from $11.00) on shares of WisdomTree in a report on Monday, July 29th. Finally, Oppenheimer raised their target price on shares of WisdomTree from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.96.

WisdomTree Price Performance

NYSE:WT traded down $0.06 during trading hours on Friday, hitting $10.03. 702,174 shares of the stock were exchanged, compared to its average volume of 1,276,419. WisdomTree, Inc. has a 52-week low of $6.06 and a 52-week high of $12.02. The firm’s fifty day moving average price is $10.27 and its 200 day moving average price is $9.41. The company has a current ratio of 3.01, a quick ratio of 2.18 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.52 billion, a P/E ratio of 14.84 and a beta of 1.48.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, July 26th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $107.03 million for the quarter, compared to analysts’ expectations of $103.75 million. WisdomTree had a return on equity of 19.22% and a net margin of 19.72%. As a group, equities research analysts anticipate that WisdomTree, Inc. will post 0.61 EPS for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Wednesday, August 7th. WisdomTree’s dividend payout ratio is presently 17.65%.

WisdomTree 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.