AXQ Capital LP Buys 2,465 Shares of WisdomTree, Inc. (NYSE:WT)

AXQ Capital LP grew its stake in WisdomTree, Inc. (NYSE:WT) by 22.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,271 shares of the company’s stock after acquiring an additional 2,465 shares during the period. AXQ Capital LP’s holdings in WisdomTree were worth $139,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of WT. Smartleaf Asset Management LLC lifted its stake in WisdomTree by 173.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock worth $39,000 after acquiring an additional 2,405 shares during the period. Stonebridge Financial Group LLC purchased a new stake in shares of WisdomTree in the 4th quarter worth approximately $60,000. KBC Group NV increased its holdings in WisdomTree by 48.4% during the fourth quarter. KBC Group NV now owns 7,792 shares of the company’s stock valued at $82,000 after buying an additional 2,540 shares during the period. Xponance Inc. bought a new position in WisdomTree in the fourth quarter worth approximately $105,000. Finally, Cooper Financial Group purchased a new stake in WisdomTree during the fourth quarter worth $111,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Price Performance

Shares of NYSE WT opened at $9.06 on Tuesday. WisdomTree, Inc. has a fifty-two week low of $7.96 and a fifty-two week high of $12.45. The company has a market cap of $1.33 billion, a PE ratio of 29.21 and a beta of 1.53. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92. The business has a 50-day simple moving average of $9.29 and a two-hundred day simple moving average of $10.10.

WisdomTree (NYSE:WT) last released its earnings results on Friday, January 31st. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. As a group, equities analysts expect that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Wednesday, February 12th. WisdomTree’s payout ratio is 38.71%.

Insider Buying and Selling

In related news, insider Alexis Marinof sold 90,980 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total value of $897,972.60. Following the transaction, the insider now owns 221,146 shares in the company, valued at approximately $2,182,711.02. This represents a 29.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on WT. Northcoast Research lowered WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods reduced their target price on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, WisdomTree presently has an average rating of “Moderate Buy” and an average price target of $12.54.

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.