James Investment Research Inc. Grows Position in WisdomTree, Inc. (NYSE:WT)

James Investment Research Inc. boosted its stake in WisdomTree, Inc. (NYSE:WT) by 63.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 79,720 shares of the company’s stock after buying an additional 30,815 shares during the quarter. James Investment Research Inc.’s holdings in WisdomTree were worth $796,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of WT. CWM LLC increased its position in shares of WisdomTree by 85.8% during the 2nd quarter. CWM LLC now owns 2,746 shares of the company’s stock valued at $27,000 after purchasing an additional 1,268 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of WisdomTree during the 2nd quarter valued at $27,000. Gladius Capital Management LP purchased a new stake in shares of WisdomTree during the 2nd quarter valued at $32,000. GAMMA Investing LLC increased its position in shares of WisdomTree by 76.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock valued at $40,000 after purchasing an additional 1,761 shares during the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in shares of WisdomTree during the 1st quarter valued at $105,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Stock Down 0.9 %

Shares of NYSE WT opened at $10.26 on Friday. WisdomTree, Inc. has a 52 week low of $6.23 and a 52 week high of $12.02. The business has a 50-day simple moving average of $10.01 and a two-hundred day simple moving average of $9.90. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36. The company has a market cap of $1.56 billion, a P/E ratio of 35.38 and a beta of 1.43.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.12 annualized dividend and a yield of 1.17%. WisdomTree’s dividend payout ratio is currently 41.38%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WT. Northcoast Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. Craig Hallum lifted their price objective on WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, July 29th. UBS Group lifted their price objective on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $12.00 price objective (up previously from $11.00) on shares of WisdomTree in a report on Monday, July 29th. Finally, Northland Securities lifted their price objective on WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a report on Monday, July 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, WisdomTree currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.25.

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.