Kornitzer Capital Management Inc. KS Acquires 337,800 Shares of WisdomTree, Inc. (NYSE:WT)

Kornitzer Capital Management Inc. KS boosted its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 58.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 917,830 shares of the company’s stock after acquiring an additional 337,800 shares during the period. Kornitzer Capital Management Inc. KS owned 0.60% of WisdomTree worth $9,169,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Victory Capital Management Inc. increased its stake in WisdomTree by 92.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,922,414 shares of the company’s stock valued at $19,051,000 after purchasing an additional 923,994 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of WisdomTree during the second quarter valued at approximately $4,258,000. ClariVest Asset Management LLC purchased a new position in WisdomTree in the 1st quarter worth approximately $3,840,000. Marshall Wace LLP lifted its position in WisdomTree by 82.3% in the 2nd quarter. Marshall Wace LLP now owns 772,543 shares of the company’s stock valued at $7,656,000 after acquiring an additional 348,850 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in WisdomTree by 51.6% in the 2nd quarter. AQR Capital Management LLC now owns 720,132 shares of the company’s stock valued at $7,137,000 after acquiring an additional 245,041 shares in the last quarter. Institutional investors own 78.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on WT shares. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $12.00 price target (up previously from $11.00) on shares of WisdomTree in a research note on Monday, July 29th. Oppenheimer upped their target price on shares of WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. 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 downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. Finally, Northland Securities lifted their target price on shares of WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.25.

WisdomTree Trading Down 0.8 %

Shares of WT stock opened at $10.73 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.88 and a quick ratio of 2.16. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 37.00 and a beta of 1.43. WisdomTree, Inc. has a 1 year low of $6.24 and a 1 year high of $12.02. The firm has a fifty day moving average price of $10.03 and a 200-day moving average price of $9.95.

WisdomTree Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, November 6th. WisdomTree’s payout ratio is 41.38%.

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.