Caas Capital Management LP Boosts Holdings in WisdomTree, Inc. (NYSE:WT)

Caas Capital Management LP grew its position in shares of WisdomTree, Inc. (NYSE:WT) by 73.8% during the fourth quarter, HoldingsChannel reports. The firm owned 129,184 shares of the company’s stock after buying an additional 54,863 shares during the period. WisdomTree accounts for approximately 0.2% of Caas Capital Management LP’s holdings, making the stock its 24th largest holding. Caas Capital Management LP’s holdings in WisdomTree were worth $1,356,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in WT. GAMMA Investing LLC raised its stake in shares of WisdomTree by 76.8% during the third 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 period. KBC Group NV increased its stake in shares of WisdomTree by 48.4% in the fourth quarter. KBC Group NV now owns 7,792 shares of the company’s stock worth $82,000 after buying an additional 2,540 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of WisdomTree in the third quarter worth $105,000. Cooper Financial Group bought a new stake in shares of WisdomTree in the fourth quarter worth $111,000. Finally, JGP Wealth Management LLC bought a new stake in shares of WisdomTree in the third quarter worth $118,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on WT shares. UBS Group lifted their price target on shares of WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Northcoast Research lowered shares of WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods dropped their price target on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.54.

Insider Activity

In related news, insider Etfs Capital Limited. sold 3,000,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $11.34, for a total value of $34,020,000.00. Following the completion of the sale, the insider now owns 12,250,000 shares of the company’s stock, valued at $138,915,000. This represents a 19.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jonathan L. Steinberg acquired 67,869 shares of WisdomTree stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average cost of $10.84 per share, with a total value of $735,699.96. Following the acquisition, the chief executive officer now directly owns 9,240,707 shares of the company’s stock, valued at approximately $100,169,263.88. This trade represents a 0.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 7.80% of the company’s stock.

WisdomTree Stock Performance

WisdomTree stock opened at $9.81 on Tuesday. The company has a market cap of $1.43 billion, a PE ratio of 31.63 and a beta of 1.47. The company has a fifty day moving average price of $10.50 and a two-hundred day moving average price of $10.41. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13. WisdomTree, Inc. has a 12 month low of $6.67 and a 12 month high of $12.45.

WisdomTree (NYSE:WT) last released its quarterly earnings data 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%. Research analysts expect that WisdomTree, Inc. will post 0.7 earnings per share for the current year.

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Wednesday, February 12th. WisdomTree’s dividend payout ratio (DPR) is 38.71%.

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.