Maltese Capital Management LLC Has $2.78 Million Holdings in WisdomTree, Inc. $WT

Maltese Capital Management LLC decreased its holdings in WisdomTree, Inc. (NYSE:WT) by 36.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 200,000 shares of the company’s stock after selling 115,000 shares during the quarter. Maltese Capital Management LLC’s holdings in WisdomTree were worth $2,780,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund boosted its stake in shares of WisdomTree by 3.4% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 27,056 shares of the company’s stock worth $376,000 after acquiring an additional 900 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in WisdomTree by 4.2% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,957 shares of the company’s stock valued at $264,000 after acquiring an additional 927 shares during the period. Personal CFO Solutions LLC raised its stake in WisdomTree by 7.9% in the 2nd quarter. Personal CFO Solutions LLC now owns 13,422 shares of the company’s stock valued at $154,000 after acquiring an additional 986 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in WisdomTree by 9.6% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,220 shares of the company’s stock valued at $170,000 after purchasing an additional 1,068 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in WisdomTree by 2.2% during the third quarter. Louisiana State Employees Retirement System now owns 55,300 shares of the company’s stock worth $769,000 after purchasing an additional 1,200 shares during the period. 78.64% of the stock is owned by institutional investors and hedge funds.

WisdomTree Stock Performance

Shares of NYSE WT opened at $14.83 on Tuesday. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.75 and a quick ratio of 1.37. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 19.78 and a beta of 1.09. The stock’s fifty day moving average price is $15.86 and its two-hundred day moving average price is $13.72. WisdomTree, Inc. has a one year low of $7.47 and a one year high of $17.68.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, January 30th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. The company had revenue of $147.43 million during the quarter, compared to the consensus estimate of $142.78 million. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.The company’s revenue was up 33.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 earnings per share. On average, equities analysts forecast that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, February 11th. WisdomTree’s dividend payout ratio (DPR) is currently 16.00%.

Insiders Place Their Bets

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $16.84, for a total value of $505,200.00. Following the completion of the sale, the chief operating officer owned 1,140,245 shares of the company’s stock, valued at $19,201,725.80. The trade was a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 9.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Zacks Research upgraded shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WisdomTree in a report on Wednesday, January 21st. Northland Securities set a $20.00 price target on shares of WisdomTree in a research note on Monday, February 2nd. Oppenheimer increased their price target on shares of WisdomTree from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Finally, The Goldman Sachs Group raised their price objective on shares of WisdomTree from $14.00 to $15.50 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.65.

About WisdomTree

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.