Bridgefront Capital LLC Sells 2,619 Shares of WisdomTree, Inc. (NYSE:WT)

Bridgefront Capital LLC cut its position in shares of WisdomTree, Inc. (NYSE:WT) by 12.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,825 shares of the company’s stock after selling 2,619 shares during the period. Bridgefront Capital LLC’s holdings in WisdomTree were worth $187,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of WT. Quarry LP boosted its position in shares of WisdomTree by 1,778.5% during the 4th quarter. Quarry LP now owns 2,799 shares of the company’s stock valued at $29,000 after acquiring an additional 2,650 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in WisdomTree by 173.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock valued at $39,000 after purchasing an additional 2,405 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of WisdomTree by 60.7% in the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company’s stock valued at $49,000 after purchasing an additional 1,777 shares during the period. Stonebridge Financial Group LLC bought a new stake in shares of WisdomTree in the 4th quarter valued at approximately $60,000. Finally, KBC Group NV raised its holdings in shares of WisdomTree by 48.4% in the 4th quarter. KBC Group NV now owns 7,792 shares of the company’s stock worth $82,000 after buying an additional 2,540 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WT shares. The Goldman Sachs Group cut their price objective on WisdomTree from $9.75 to $8.50 and set a “sell” rating for the company in a report on Monday, April 14th. Keefe, Bruyette & Woods reduced their price target on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.42.

WisdomTree Trading Up 1.5 %

NYSE:WT opened at $9.42 on Friday. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 30.37 and a beta of 1.07. WisdomTree, Inc. has a 1-year low of $7.47 and a 1-year high of $12.45. The business’s 50-day moving average price is $8.60 and its two-hundred day moving average price is $9.79. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The business had revenue of $108.08 million for the quarter, compared to analyst estimates of $108.47 million. During the same quarter last year, the firm earned $0.12 EPS. WisdomTree’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Wednesday, May 14th. WisdomTree’s dividend payout ratio (DPR) is 34.29%.

About WisdomTree

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.