Kornitzer Capital Management Inc. KS Has $9.17 Million Holdings in WisdomTree, Inc. (NYSE:WT)

Kornitzer Capital Management Inc. KS increased its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 58.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 917,830 shares of the company's stock after purchasing an additional 337,800 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.60% of WisdomTree worth $9,169,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. UniSuper Management Pty Ltd bought a new stake in WisdomTree during the 1st quarter worth about $423,000. ClariVest Asset Management LLC bought a new stake in WisdomTree during the 1st quarter worth about $3,840,000. SG Americas Securities LLC grew its holdings in WisdomTree by 588.2% during the 2nd quarter. SG Americas Securities LLC now owns 73,295 shares of the company's stock worth $726,000 after acquiring an additional 62,644 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of WisdomTree in the 1st quarter valued at about $507,000. Finally, Wakefield Asset Management LLLP bought a new position in shares of WisdomTree in the 2nd quarter valued at about $989,000. Institutional investors and hedge funds own 78.64% of the company's stock.

WisdomTree Trading Up 0.7 %

Shares of NYSE:WT traded up $0.08 during mid-day trading on Friday, reaching $10.81. The stock had a trading volume of 1,844,723 shares, compared to its average volume of 1,294,926. The firm has a market cap of $1.64 billion, a PE ratio of 37.00 and a beta of 1.43. The firm has a 50 day simple moving average of $10.03 and a two-hundred day simple moving average of $9.95. The company has a current ratio of 2.88, a quick ratio of 2.16 and a debt-to-equity ratio of 1.36. WisdomTree, Inc. has a twelve month low of $6.24 and a twelve month high of $12.02.

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be given a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.11%. WisdomTree's dividend payout ratio is 41.38%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $12.00 target price (up previously from $11.00) on shares of WisdomTree in a research note on Monday, July 29th. Craig Hallum raised their target price on shares of WisdomTree from $12.00 to $15.00 and gave the company a "buy" rating in a research note on Monday, July 29th. Oppenheimer raised their target price on shares of WisdomTree from $12.00 to $13.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. Northland Securities raised their target price on shares of WisdomTree from $12.00 to $13.50 and gave the company an "outperform" rating in a research note on Monday, July 29th. Finally, Northcoast Research lowered shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a research note on Sunday, September 15th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.25.

WisdomTree Company 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.