Squarepoint Ops LLC Sells 171,044 Shares of WisdomTree, Inc. (NYSE:WT)

Squarepoint Ops LLC cut its holdings in WisdomTree, Inc. (NYSE:WT - Free Report) by 87.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,318 shares of the company's stock after selling 171,044 shares during the period. Squarepoint Ops LLC's holdings in WisdomTree were worth $251,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Texas Permanent School Fund Corp increased its holdings in shares of WisdomTree by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 96,638 shares of the company's stock worth $888,000 after purchasing an additional 1,247 shares during the period. CWM LLC increased its stake in WisdomTree by 85.8% in the 2nd quarter. CWM LLC now owns 2,746 shares of the company's stock worth $27,000 after purchasing an additional 1,268 shares during the period. Kennedy Capital Management LLC lifted its position in WisdomTree by 3.7% in the first quarter. Kennedy Capital Management LLC now owns 38,857 shares of the company's stock valued at $357,000 after purchasing an additional 1,383 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of WisdomTree by 2.7% during the second quarter. Louisiana State Employees Retirement System now owns 56,200 shares of the company's stock valued at $557,000 after purchasing an additional 1,500 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of WisdomTree by 0.3% during the first quarter. Principal Financial Group Inc. now owns 579,193 shares of the company's stock valued at $5,323,000 after purchasing an additional 1,542 shares during the period. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree Stock Up 0.4 %

Shares of NYSE:WT traded up $0.04 during midday trading on Friday, reaching $9.91. The company's stock had a trading volume of 707,272 shares, compared to its average volume of 1,264,954. The company has a quick ratio of 2.18, a current ratio of 3.01 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $9.86 and a 200-day moving average of $9.79. The firm has a market capitalization of $1.50 billion, a P/E ratio of 14.57 and a beta of 1.43. WisdomTree, Inc. has a 12-month low of $6.06 and a 12-month high of $12.02.

WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings data on Friday, July 26th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. WisdomTree had a net margin of 19.72% and a return on equity of 19.22%. The business had revenue of $107.03 million for the quarter, compared to analysts' expectations of $103.75 million. On average, research analysts anticipate that WisdomTree, Inc. will post 0.62 earnings per share for the current year.

WisdomTree Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.03 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.12 annualized dividend and a dividend yield of 1.21%. WisdomTree's payout ratio is presently 17.65%.

Analyst Upgrades and Downgrades

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