EntryPoint Capital LLC Boosts Holdings in WisdomTree, Inc. (NYSE:WT)

EntryPoint Capital LLC lifted its stake in shares of WisdomTree, Inc. (NYSE:WT) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,622 shares of the company’s stock after buying an additional 1,870 shares during the quarter. EntryPoint Capital LLC’s holdings in WisdomTree were worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of WT. Principal Financial Group Inc. increased its stake in shares of WisdomTree by 26.9% in the 3rd quarter. Principal Financial Group Inc. now owns 708,842 shares of the company’s stock worth $7,081,000 after acquiring an additional 150,257 shares in the last quarter. Truist Financial Corp boosted its position in shares of WisdomTree by 142.9% in the 4th quarter. Truist Financial Corp now owns 73,579 shares of the company’s stock worth $773,000 after purchasing an additional 43,293 shares in the last quarter. Crawford Fund Management LLC grew its stake in shares of WisdomTree by 34.0% in the 3rd quarter. Crawford Fund Management LLC now owns 499,874 shares of the company’s stock worth $4,994,000 after buying an additional 126,700 shares during the last quarter. Quantbot Technologies LP increased its position in WisdomTree by 586.0% during the 3rd quarter. Quantbot Technologies LP now owns 250,017 shares of the company’s stock valued at $2,498,000 after buying an additional 213,571 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in WisdomTree by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,191,137 shares of the company’s stock valued at $11,899,000 after buying an additional 72,376 shares during the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at WisdomTree

In other news, insider Alexis Marinof sold 90,980 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total value of $897,972.60. Following the transaction, the insider now owns 221,146 shares in the company, valued at $2,182,711.02. This represents a 29.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WT. Keefe, Bruyette & Woods cut their target price on WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. Northcoast Research downgraded shares of WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.54.

WisdomTree Price Performance

NYSE WT opened at $9.16 on Friday. WisdomTree, Inc. has a one year low of $7.96 and a one year high of $12.45. The stock has a 50-day moving average of $9.28 and a 200 day moving average of $10.09. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 29.53 and a beta of 1.53.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, January 31st. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. On average, sell-side analysts forecast that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.31%. WisdomTree’s payout ratio is 38.71%.

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.