Headlands Technologies LLC Takes Position in WisdomTree, Inc. (NYSE:WT)

Headlands Technologies LLC purchased a new stake in WisdomTree, Inc. (NYSE:WT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,696 shares of the company’s stock, valued at approximately $27,000.

Several other institutional investors and hedge funds also recently made changes to their positions in WT. Acadian Asset Management LLC bought a new stake in shares of WisdomTree during the 2nd quarter valued at about $4,258,000. Los Angeles Capital Management LLC bought a new stake in shares of WisdomTree during the 2nd quarter valued at about $152,000. Wakefield Asset Management LLLP bought a new stake in shares of WisdomTree during the 2nd quarter valued at about $989,000. Foundry Partners LLC bought a new stake in shares of WisdomTree during the 2nd quarter valued at about $118,000. Finally, Arizona State Retirement System boosted its position in shares of WisdomTree by 9.8% during the 2nd quarter. Arizona State Retirement System now owns 34,009 shares of the company’s stock valued at $337,000 after purchasing an additional 3,022 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Stock Performance

Shares of WisdomTree stock opened at $9.86 on Wednesday. The company has a market cap of $1.50 billion, a PE ratio of 14.50 and a beta of 1.43. WisdomTree, Inc. has a 52 week low of $6.06 and a 52 week high of $12.02. The business has a 50 day moving average price of $10.22 and a 200-day moving average price of $9.61. The company has a quick ratio of 2.18, a current ratio of 3.01 and a debt-to-equity ratio of 0.62.

WisdomTree (NYSE:WT) last issued its quarterly earnings data on Friday, July 26th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $107.03 million during the quarter, compared to the consensus estimate of $103.75 million. WisdomTree had a return on equity of 19.22% and a net margin of 19.72%. Equities analysts anticipate that WisdomTree, Inc. will post 0.62 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Wednesday, August 7th. WisdomTree’s payout ratio is 17.65%.

Analyst Upgrades and Downgrades

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

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.