New York State Teachers Retirement System Takes $1.48 Million Position in WisdomTree, Inc. (NYSE:WT)

New York State Teachers Retirement System acquired a new position in WisdomTree, Inc. (NYSE:WT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 213,365 shares of the company’s stock, valued at approximately $1,479,000. New York State Teachers Retirement System owned approximately 0.14% of WisdomTree as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Miracle Mile Advisors LLC bought a new stake in WisdomTree during the 4th quarter valued at $69,000. State of Alaska Department of Revenue bought a new stake in WisdomTree during the fourth quarter valued at about $487,000. Raymond James & Associates purchased a new position in WisdomTree in the fourth quarter valued at about $107,000. SG Americas Securities LLC bought a new position in WisdomTree in the fourth quarter worth about $338,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of WisdomTree during the fourth quarter valued at about $640,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree Price Performance

NYSE WT opened at $8.69 on Thursday. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 13.36 and a beta of 1.49. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.23 and a quick ratio of 1.66. The stock’s fifty day moving average price is $8.41 and its 200 day moving average price is $7.33. WisdomTree, Inc. has a 1 year low of $6.05 and a 1 year high of $9.69.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, February 2nd. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $90.84 million for the quarter, compared to analyst estimates of $90.32 million. WisdomTree had a return on equity of 15.15% and a net margin of 29.38%. The company’s revenue was up 23.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.04 earnings per share. As a group, equities research analysts forecast that WisdomTree, Inc. will post 0.51 earnings per share for the current year.

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.38%. The ex-dividend date was Tuesday, February 13th. WisdomTree’s payout ratio is 18.46%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on WT shares. Northland Securities raised shares of WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a research report on Wednesday, April 3rd. Craig Hallum started coverage on WisdomTree in a report on Wednesday, March 6th. They set a “buy” rating and a $12.00 price objective for the company. Oppenheimer boosted their target price on WisdomTree from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Northcoast Research raised WisdomTree from a “neutral” rating to a “buy” rating and set a $9.00 target price on the stock in a research report on Thursday, December 28th. Finally, UBS Group raised their price target on WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, April 12th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.71.

Insider Activity

In other WisdomTree news, CEO Jonathan L. Steinberg bought 303,781 shares of WisdomTree stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average price of $7.20 per share, with a total value of $2,187,223.20. Following the completion of the acquisition, the chief executive officer now directly owns 9,172,838 shares in the company, valued at approximately $66,044,433.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.80% of the company’s stock.

About WisdomTree

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.