Inceptionr LLC Takes Position in WisdomTree, Inc. $WT

Inceptionr LLC acquired a new stake in WisdomTree, Inc. (NYSE:WT) during the 1st quarter, Holdings Channel.com reports. The firm acquired 33,093 shares of the company’s stock, valued at approximately $482,000.

Other hedge funds have also recently bought and sold shares of the company. Team Financial Group LLC acquired a new position in WisdomTree in the 1st quarter valued at about $29,000. Caitong International Asset Management Co. Ltd lifted its position in shares of WisdomTree by 163.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock worth $30,000 after purchasing an additional 1,521 shares in the last quarter. Quarry LP boosted its stake in shares of WisdomTree by 1,679.0% in the third quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after purchasing an additional 2,082 shares during the period. Quattro Advisors LLC purchased a new position in shares of WisdomTree in the fourth quarter valued at approximately $31,000. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of WisdomTree in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WT shares. Wall Street Zen downgraded shares of WisdomTree from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Zacks Research upgraded shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Northland Securities set a $22.00 price objective on WisdomTree in a research report on Tuesday, June 2nd. Raymond James Financial began coverage on WisdomTree in a report on Tuesday, April 21st. They issued an “outperform” rating and a $20.00 target price for the company. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $16.80 target price on shares of WisdomTree in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $20.06.

WisdomTree Stock Performance

Shares of WT opened at $19.42 on Monday. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 47.37 and a beta of 1.18. WisdomTree, Inc. has a 52-week low of $10.69 and a 52-week high of $21.23. 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 stock has a 50 day moving average price of $18.66 and a 200 day moving average price of $16.99.

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

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.