WisdomTree, Inc. (NYSE:WT) Short Interest Update

WisdomTree, Inc. (NYSE:WT) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 19,657,273 shares, a decrease of 24.3% from the March 31st total of 25,960,821 shares. Based on an average daily trading volume, of 3,406,112 shares, the short-interest ratio is presently 5.8 days. Approximately 15.3% of the shares of the company are short sold.

Insider Activity

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total transaction of $505,200.00. Following the sale, the chief operating officer owned 1,140,245 shares in the company, valued at $19,201,725.80. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 9.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WT. Caitong International Asset Management Co. Ltd increased its holdings in shares of WisdomTree by 163.0% in 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 during the period. Quarry LP increased its holdings in shares of WisdomTree by 1,679.0% in the third quarter. Quarry LP now owns 2,206 shares of the company’s stock worth $31,000 after purchasing an additional 2,082 shares during the period. Quattro Advisors LLC bought a new position in shares of WisdomTree in the fourth quarter worth $31,000. First Horizon Corp bought a new position in shares of WisdomTree in the third quarter worth $32,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of WisdomTree in the fourth quarter worth $36,000. Institutional investors own 78.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded WisdomTree from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Northland Securities set a $20.00 target price on WisdomTree in a research report on Monday, February 2nd. Oppenheimer increased their target price on WisdomTree from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of WisdomTree in a research report on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

WisdomTree Stock Performance

Shares of NYSE:WT traded down $0.55 during trading on Wednesday, hitting $16.17. 2,183,036 shares of the company were exchanged, compared to its average volume of 3,773,815. The company has a market cap of $2.29 billion, a PE ratio of 21.55 and a beta of 1.11. The stock has a 50 day moving average of $15.91 and a 200 day moving average of $14.09. WisdomTree has a 52-week low of $8.45 and a 52-week high of $18.78. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.75 and a quick ratio of 1.37.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, January 30th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.06. The firm had revenue of $147.43 million for the quarter, compared to analysts’ expectations of $142.78 million. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The business’s quarterly revenue was up 33.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 earnings per share. As a group, equities research analysts predict that WisdomTree will post 1.05 EPS for the current year.

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.