Key Points
- Insider David Yates sold 15,000 shares on May 5 at an average price of $18.06, for a total of $270,900, cutting his stake by 8.7% to 157,499 shares (≈$2.84M).
- WisdomTree beat Q1 estimates with $0.27 EPS vs. $0.25 expected and revenue of $159.5M (up 47.5% YoY); shares rose ~4.4% and analysts hold a consensus rating of "Moderate Buy" with a ~$18.47 target.
- The company declared a quarterly dividend of $0.03 (annualized $0.12) for a yield of 0.6% and a payout ratio of 29.27%.
WisdomTree, Inc. (NYSE:WT - Get Free Report) insider David Yates sold 15,000 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $18.06, for a total transaction of $270,900.00. Following the sale, the insider directly owned 157,499 shares in the company, valued at approximately $2,844,431.94. This represents a 8.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
WisdomTree Stock Up 4.4%
Shares of NYSE:WT opened at $19.04 on Thursday. WisdomTree, Inc. has a 12 month low of $9.10 and a 12 month high of $19.15. The company's 50-day moving average price is $15.99 and its two-hundred day moving average price is $14.21. The company has a quick ratio of 4.18, a current ratio of 4.57 and a debt-to-equity ratio of 2.37. The firm has a market cap of $2.90 billion, a P/E ratio of 46.43 and a beta of 1.13.
WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.02. WisdomTree had a net margin of 11.26% and a return on equity of 33.31%. The firm had revenue of $159.50 million for the quarter, compared to analyst estimates of $156.96 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The company's revenue was up 47.5% on a year-over-year basis. As a group, research analysts forecast that WisdomTree, Inc. will post 1.11 EPS for the current fiscal year.
WisdomTree Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%. WisdomTree's dividend payout ratio is currently 29.27%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Team Financial Group LLC bought a new position in shares of WisdomTree in the 1st quarter valued at about $29,000. Quarry LP boosted its stake in WisdomTree by 1,679.0% during the 3rd quarter. Quarry LP now owns 2,206 shares of the company's stock worth $31,000 after acquiring an additional 2,082 shares during the last quarter. First Horizon Corp bought a new position in WisdomTree during the 3rd quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd boosted its stake in WisdomTree by 163.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company's stock worth $30,000 after acquiring an additional 1,521 shares during the last quarter. Finally, Quattro Advisors LLC bought a new position in WisdomTree during the 4th quarter worth approximately $31,000. Institutional investors own 78.64% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have commented on WT shares. Raymond James Financial assumed coverage on shares of WisdomTree in a report on Tuesday, April 21st. They set an "outperform" rating and a $20.00 price objective on the stock. Northland Securities set a $20.00 target price on shares of WisdomTree in a research note on Monday, February 2nd. Wall Street Zen raised shares of WisdomTree from a "hold" rating to a "buy" rating in a research note on Sunday. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of WisdomTree in a research note on Wednesday, January 21st. Finally, Zacks Research lowered shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 31st. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, WisdomTree has an average rating of "Moderate Buy" and a consensus price target of $18.47.
Get Our Latest Stock Analysis on WT
WisdomTree Company Profile
(
Get Free Report)
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.
Further Reading
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